Cedars-Sinai Business Development Manager in Los Angeles, California
Align yourself with an organization that has a reputation for excellence! Cedars-Sinai was awarded the National Research Corporation’s Consumer Choice Award 19 years in a row for providing the highest-quality medical care in Los Angeles. We were also awarded the Advisory Board Company’s Workplace of the Year. This recognizes hospitals and health systems nationwide that have outstanding levels of employee engagement. Join us! Discover why U.S. News & World Report has named us one of America’s Best Hospitals.
What you will be doing in this role:
Reporting to the Vice President of Strategic Planning and Business Development, this position is responsible for evaluating, analyzing, and making recommendations on new business development opportunities and strategic plans. This role manages various projects including facilitation of the work of internal and external teams that create business and strategic plans. Work team members generally include key physician leaders and operations management. In this role, the Manager supervises business development consultants and/or analysts assigned to the project. There is also significant interaction with the leadership of the Medical Center and the Medical Network in support of overall strategic and development opportunities. This position also assists the Vice President and Director(s) with ensuring quality and consistency of business plans and products presented to senior management:
Supervises business development consultants and analysts on a project specific basis in the development and completion of business plans. This includes market analysis, strategy development, and financial analysis. Develops and completes business plans on their own on a project specific basis. Leads and facilitates groups or teams within the Medical Center and the Medical Delivery Network in the development of business, operations, or strategic plans.
Provides overall project management including facilitation of multi-discipline work teams. Defines and prepares detailed market assessments, including competitor analysis and demand forecasts. Evaluates operational needs for new programs, services, and technology, including staffing requirements and capital needs. Develops detailed financial analysis, including income statements, cash flow analysis and balance sheets for new and/or existing programs, services, and healthcare technology. Develops economic valuations using standard acceptable methodologies to evaluate new business opportunities. Identifies and retrieves data and converts into information required to make decisions on new business development opportunities.
Works with business development consultants, and analysts and operations staff to convert business analysis into implementation plans in a variety of different clinical settings (i.e., inpatient and outpatient hospital, physician office, etc.)
Provides consulting assistance as required to operations staff during and after implementation of new programs, services, etc. Directs review analyses of programs and compares their results to business plans and/or budgeting targets.
Contributes to the strategy development by monitoring, evaluating and providing information on key market trends resulting from changing healthcare legislation, on local and national trends regarding third party reimbursement, and on new technology that could impact the way in which care is provided.
Provides staff support for Department Managers and Directors, Service Line Vice Presidents, Clinical Chairs, and key physician groups, both within the Medical Center and the Medical Delivery Network on special business development projects.
Bachelors degree required. MBA, MPH, MHA, or MPA preferred. Coursework should include planning, finance, marketing, accounting, information systems and business strategy.
A minimum of 5 years previous planning, finance, and/or business development experience in a healthcare organization or consulting organization providing services to the healthcare industry or equivalent experience is required.
Why work here?
Beyond outstanding employee benefits including health and dental insurance, vacation, and a 403(b) we take pride in hiring the best, most passionate employees. Our accomplished staff reflects the culturally and ethnically diverse community we serve. They are proof of our commitment to creating a dynamic, inclusive environment that fuels innovation.
Cedars-Sinai is an EEO employer. Cedars-Sinai does not unlawfully discriminate on the basis of the race, religion, color, national origin, citizenship, ancestry, physical or mental disability, legally protected medical condition (cancer-related or genetic characteristics or any genetic information), marital status, sex, gender, sexual orientation, gender identity, gender expression, pregnancy, age (40 or older), military and/or veteran status or any other basis protected by federal or state law.