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Strategy & Business Development Manager

Company Description

At Lucile Packard Children’s Hospital Stanford, we know world-renowned care begins with world-class caring. That's why we combine advanced technologies and breakthrough discoveries with family-centered care. It's why we provide our caregivers with continuing education and state-of-the-art facilities, like the newly remodeled Lucile Packard Children's Hospital Stanford. And it's why we need caring, committed people on our team - like you. Join us on our mission to heal humanity, one child and family at a time.

Job ID: REF561M

Job Description

JOB SUMMARY

This paragraph summarizes the general nature, level and purpose of the job.

The Strategy & Business Development Manager supports will be responsible for developing and supporting strategic, market analysis, and business planning activity for Stanford Medicine Children’s Health (SMCH). This role will report to the Director of Strategic Planning and support all strategic and business planning efforts across SMCH. The Strategy & Business Development Manager serves as a lead consultant for the implementation of strategic and business plans; ensures collaborative relationships are built and maintained to advance these plans. This role will also support service line leaders and the business development team in identifying internal and external market analysis, business planning, and volume forecasting/budgeting.

ESSENTIAL FUNCTIONS

The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned.

Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patient rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings.

Must perform all duties and responsibilities in accordance with the hospital's policies and procedures, including its Service Standards and its Code of Conduct.

  • Responsible for supporting strategic, market analysis and business planning activity for SMCH. Supports the Director and VP of Strategic Planning with annual planning efforts.
  • Manages and partners with key strategic and operational leaders on the development and implementation planning of vision, strategy and corresponding tactics
  • Assists with market and data analysis of competitive and market conditions including overall trends and forecasting. Evaluates and recommends opportunities for growth and development. Stays abreast on pediatric and healthcare environment.
  • Through the strategic planning function, assesses the ongoing competitiveness of LPCH's clinical services and LPCH's position in selected markets. Maintains ongoing environmental assessment for those services and geographic markets.
  • Leads special analyses and reports related to strategic financial and statistical reports as requested.
  • Participate in project presentations to management or executive teams.
  • Assess, recommend and utilize competitor profiles, demographics, patient volume, financial performance and CRM databases to support planning and business development activities.
  • Identify, review, analyze and contribute the latest sources of information to develop key findings, opportunities or threats for Stanford Children's Health and Stanford Medicine.

Qualifications

MINIMUM QUALIFICATIONS

Any combination of education and experience that would likely provide the required knowledge, skills and abilities as well as possession of any required licenses or certifications is qualifying.


Education: Master's degree in a work-related discipline/field from an accredited college or university
Experience: Seven (7) years of progressively responsible and directly related work experience.
License/Certification: None required.

KNOWLEDGE

These are the observable and measurable attributes and skills required to perform successfully the essential functions of the job and are generally demonstrated through qualifying experience, education or licensure/certification.

  • Knowledge or strategic and business planning processes.
  • Knowledge of health care environment assessments.
  • Knowledge of health care forecasting methodologies.
  • Knowledge of health care finance concepts.
  • Knowledge of cost accounting.
  • Knowledge of health care and physician organizational structures.
  • Knowledge of health plan and payer economics.
  • Ability to prioritize multiple projects simultaneously.
  • Ability to translate complex data to a general audience.
  • Ability to work with individuals from a variety of disciplines within and outside the organization.

PHYSICAL REQUIREMENTS

The Physical Requirements and Working Conditions in which the job is typically performed are available from the Occupational Health Department. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job.

Additional Information

Pay Range
Compensation is based on the level and requirements of the role.
Salary within our ranges may also be determined by your education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data.
Typically, new team members join at the minimum to mid salary range.
Minimum to Midpoint Range (Hourly): $71.91 to $95.36

Stanford Medicine Children's Health (SMCH) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SMCH does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements, and where applicable, in compliance with the San Francisco Fair Chance Ordinance.

Average salary estimate

$173500 / YEARLY (est.)
min
max
$149000K
$198000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Strategy & Business Development Manager, Stanford Medicine Children's Health

Join the passionate team at Stanford Medicine Children’s Health as a Strategy & Business Development Manager! This pivotal role will have you diving deep into strategic planning, where you'll analyze market conditions and help shape the future of healthcare for children and families. Reporting directly to the Director of Strategic Planning, you'll play a crucial part in supporting the organization’s business planning efforts. From managing collaborative relationships with service line leaders to conducting competitive market analyses, your insights will drive growth initiatives forward. If you're excited about contributing to innovative healthcare solutions and working with dedicated professionals, this is the perfect opportunity for you. You'll not only assess market trends but also lead significant analyses, contribute to project presentations, and recommend strategic opportunities based on data-driven findings. We're looking for experienced professionals with a Master’s degree and at least seven years of relevant experience. Embrace your passion for healthcare and teamwork at Stanford Medicine Children’s Health, where we strive towards a mission of healing one child and family at a time.

Frequently Asked Questions (FAQs) for Strategy & Business Development Manager Role at Stanford Medicine Children's Health
What are the key responsibilities of a Strategy & Business Development Manager at Stanford Medicine Children's Health?

The Strategy & Business Development Manager at Stanford Medicine Children's Health is primarily responsible for supporting the development and execution of strategic and business plans. This includes conducting market analyses, managing relationships with key stakeholders, assessing competitiveness of clinical services, and leading special reporting tasks. Additionally, they assist in annual planning efforts and support business development initiatives through detailed data analysis and market forecasting.

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What qualifications do I need to become a Strategy & Business Development Manager at Stanford Medicine Children's Health?

To qualify for the Strategy & Business Development Manager role at Stanford Medicine Children's Health, candidates should possess a Master's degree in a related field and at least seven years of progressive experience in strategic and business planning within the healthcare sector. Knowledge of the healthcare environment and financial concepts related to healthcare is highly beneficial.

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How does the Strategy & Business Development Manager contribute to the growth of Stanford Medicine Children's Health?

The Strategy & Business Development Manager plays a vital role in identifying opportunities for growth through thorough market analysis and forecasting. By collaborating with service line leaders and operational teams, they contribute their insights towards informed decision-making processes that help drive strategic initiatives aimed at enhancing healthcare services offered by Stanford Medicine Children's Health.

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What should I expect during the interview process for the Strategy & Business Development Manager position at Stanford Medicine Children's Health?

During the interview process for the Strategy & Business Development Manager position at Stanford Medicine Children's Health, you can expect discussions around your experience in strategic planning, market analysis, and your approach to problem-solving. Be prepared to showcase your knowledge in the healthcare sector, data interpretation skills, and collaborative mindset. It’s also a good opportunity to express your passion for improving healthcare services.

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What kind of environment does Stanford Medicine Children's Health provide for its Strategy & Business Development Manager?

Stanford Medicine Children's Health fosters a collaborative and inclusive work environment. The Strategy & Business Development Manager will work closely with various teams, engage in ongoing education, and contribute to strategic discussions that shape the future of pediatric healthcare. The organization values diversity and encourages team members to participate actively in both their professional growth and the mission of healing children and families.

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Common Interview Questions for Strategy & Business Development Manager
Can you describe your experience with strategic planning in healthcare?

When answering this question, elaborate on specific instances where you've successfully developed and implemented strategic plans in previous roles. Highlight your analytical skills, the methodologies used, and any positive outcomes resulting from your strategies.

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How do you approach market analysis and forecasting?

Discuss the tools and techniques you employ for market analysis. Share examples of how your analyses have informed strategic decisions and led to business growth. Mention your ability to translate complex data into understandable insights.

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What strategies do you use to maintain collaborative relationships with stakeholders?

To answer this question effectively, highlight your communication skills and examples of successfully managing stakeholder relationships. Describe specific actions you take to build trust and keep stakeholders engaged in the strategic planning process.

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How do you assess the competitiveness of healthcare services?

Explain how you gather and analyze data on competitors, trends, and market demands. Discuss your methods for continuous environmental assessment and how your findings can contribute to the strategic positioning of the organization.

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What are key performance indicators you use to measure business success?

Mention the specific KPIs relevant to healthcare business development, such as patient volume, financial performance, and market share. Provide examples of how you've utilized these indicators to inform strategic decisions.

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Can you share an example of a successful project you led?

Choose a project that highlights your leadership and strategic abilities. Discuss the objectives, challenges faced, and how your project contributed to the organization’s goals. Emphasize teamwork and cross-functional collaboration.

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What frameworks do you follow for business development in healthcare?

Discuss any models or frameworks you are familiar with, such as STP (Segmentation, Targeting, and Positioning) or Porter’s Five Forces. Relate these frameworks to how they've guided your previous roles in business development.

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How do you prioritize multiple projects?

Describe your time management skills and any tools or methods you utilize to prioritize tasks. Emphasize the importance of aligning projects with organizational goals to ensure optimal resource allocation.

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What technological tools do you use for data analysis?

Be prepared to discuss any analytical tools or software you have experience with, such as Excel, Tableau, or R. Highlight how you've leveraged these tools to produce actionable insights for strategic planning.

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How do you ensure compliance with hospital policies in strategic planning?

Illustrate your understanding of compliance issues in healthcare. Discuss the importance of adhering to ethical standards, safety regulations, and how you incorporate these considerations into your planning processes.

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Established in 1991, Lucile Packard Children's Hospital is a non-profit healthcare organization that provides medical and surgical services to children and adolescence. Some of the services they provide include cancer care, imaging, dermatology, e...

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Full-time, on-site
DATE POSTED
March 31, 2025

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