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Senior Associate Business Development

1 month ago

Philadelphia, United States Penn Medicine Full time

Description Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines. Today at Penn Medicine, someone will make a breakthrough. Someone will heal a heart, deliver hopeful news, and give comfort and reassurance. Our employees shape our future each day. Are you living your life's work? Entity: Corporate Services Department: Business Development Location: Remote with occasional in office days Hours: (must live reasonable distance from location) M-F, 8:30-5 Penn Medicine has a three-part mission of patient care, education, and research, with the patient care mission rooted in providing the highest quality and safest care possible. Our vision is to establish clinical programs that provide the full continuum of personalized state-of-the-art care in a fully integrated, multi-disciplinary and patient friendly way. The Senior Associate, Business Development is a key position which will work across all hospitals, divisions, and affiliates associated within Penn Medicine, assisting in the development and execution of the organization's strategic plans. This position will be responsible for supporting strategic initiatives by assisting in the sourcing, evaluation, and execution of growth organically or through mergers, acquisitions, and divestitures. The Senior Associate will work closely with leaders and teammates across all functions of the business, including legal, finance, and operations. The Senior Associate will collaborate with a group of highly motivated teammates and be expected to successfully manage multiple work streams and effectively communicate analyses within the team and with senior executives. Accountabilities Support in planning and executing strategic growth initiatives spanning all facets of the process, including comprehensive business assessments, due diligence, negotiations, and closing Complete valuation analysis and perform rigorous analysis of operational and financial impact of potential transactions Participate in and prepare for meetings and due diligence sessions with internal and external stakeholders Support financial and operational due diligence analysis of business opportunities identifying and resolving key deal issues Support AVPs, VPs, and SVPs as well as other leaders in developing and presenting executive-level memoranda, presentations, and detailed financial analysis to share with senior leadership Research, review, and screen potential acquisition and partnership opportunities Support ad hoc projects and other administrative tasks to enhance the group’s infrastructure and connectivity with internal stakeholders Enhance organization reputation by accepting ownership for accomplishing new and different requests and exploring opportunities to add value to job accomplishments Performs duties in accordance with Penn Medicine and entity values, policies, and procedures Other duties as assigned to support the unit, department, entity, and health system organization Minimum Requirements Required Education and Experience Master's Degree is Required 4+ years of Progressive and relevant experience, in healthcare or business development functions. 0-1 year Project management experience with demonstrated increase in responsibility and project complexity. Required Skills and Abilities Strong project analysis, project management (multiple projects simultaneously), problem solving, brainstorming and planning silks required. Strong quantitative and analytical abilities are essential. Strong organization skills and ability to break complex project plans into defined pieces. Able to deliver clear and concise product presentations and to write clearly and effectively. Experience in engaging care providers with varying roles, including clinical and non-clinical staff. Ability to analyze, diagnose, suggest and implement process change. Advanced knowledge and experience in database management, including Excel and PowerPoint. Strong financial modeling skills. Ability to read and interpret financial statements. Flexibility to work with short deadlines. Working knowledge of legal agreements, third party reimbursement and revenue models, design/construction needs and processes, and compensation models. Must possess a broad range of entrepreneurial talents and be success-driven/results-oriented in a complex and fast paced work environment Effective influencing, negotiation, relationship-building and communication (written and verbal) skills are essential with demonstrable sensitivity to communication in a complex environment, including ability to effectively and confidently interact with all levels of management and with physicians. Strong business analytic skills, including working knowledge of healthcare industry, operations and information systems, and hospital and physician financial reimbursement. We believe that the best care for our patients starts with the best care for our employees. Our employee benefits programs help our employees get healthy and stay healthy. We offer a comprehensive compensation and benefits program that includes one of the finest prepaid tuition assistance programs in the region. Penn Medicine employees are actively engaged and committed to our mission. Together we will continue to make medical advances that help people live longer, healthier lives. Live Your Life's Work We are an Equal Opportunity and Affirmative Action employer. Candidates are considered for employment without regard to race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, familial status, genetic information, domestic or sexual violence victim status, citizenship status, military status, status as a protected veteran or any other status protected by applicable law. REQNUMBER: 229539