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Principal, Business Strategy

Northwell Health

Manhasset, NYJob$167–291K/yrSeen 3 days agoSeen in employer's feed 3 days ago

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At a glance

Compensation
$167–291K/yr
Location
Manhasset, NY
Work Authorization
Not specified

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Job overview

The Principal, Business Strategy leads financial planning for new business opportunities and ongoing operations, with a focus on revenue enhancement and market-share growth. The role develops strategic visions and business plans, analyzes budgets, costs, reimbursement, and financial impacts, and works with the Board on initiatives and decisions. It also supports clinical practice growth and oversees administrative and office-system activities.

Skills & qualifications

RequiredNice to have

Skills

Strategic PlanningBusiness PlanningBudget AnalysisCost AnalysisReimbursement AnalysisFinancial AnalysisMarket AnalysisClinical Practice Growth

Qualifications

Master's Degree or Equivalent15+ Years Relevant Experience5+ Years Leadership Experience

Full job description

Req Number 200447

Job Description

Leads and plans the financial aspects of new business opportunities and on-going operations. Evaluates initiatives with specific focus on revenue enhancement and market share growth. Oversees diversified administrative/coordinative duties supporting the business activities of a senior Board leader.

Job Responsibility

  • Leads the development and ensures consensus for goals/programs that support system goals.

  • Develops and articulates a long-term strategic vision for areas of responsibility.

  • Develops and implements new business plans to maximize revenues; monitors progress during implementation of business plan; works with the Board in modifying business plan to maximize revenues.

  • Performs budget analysis for new business initiatives; collaborates with the Board to gather, organize and analyze information related to business models for new service initiatives.

  • Ensures cost analyses for services being developed; evaluates potential reimbursement from various sources.

  • Assesses information from various sources to evaluate the likely financial impact of proposed new services; works with the Board to facilitate decision-making process for new initiatives.

  • Identifies and evaluates opportunities to increase clinical practice volume; assists physicians with program implementation to achieve volume and revenue goals.

  • Interfaces with the Board to recommend growth initiatives; evaluates the expansion of selected organization services as they relate to market share and revenue growth.

  • Implements and monitors general office systems.

  • Contributes through a combination of key technical expertise and technical/process leadership that regularly provides enterprise level guidance to team members. Performs related duties as required. All responsibilities noted here are considered essential functions of the job under the Americans with Disabilities Act. Duties not mentioned here, but considered related are not essential functions.

Job Qualification

  • Master's Degree required, or equivalent combination of education and related experience.

  • 15+ years of relevant experience and 5+ years of leadership / management experience, required.

*Additional Salary Detail

The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary and/or rate, several factors may be considered as applicable (e.g., location, specialty, service line, years of relevant experience, education, credentials, negotiated contracts, budget and internal equity).

The salary range for this position is $166500.00-$291400.00/year

It is Northwell Health’s policy to provide equal employment opportunity and treat all applicants and employees equally regardless of their age, race, creed/religion, color, national origin, immigration status or citizenship status, sexual orientation, military or veteran status, sex/gender, gender identity, gender expression, disability, pregnancy, genetic information or genetic predisposition or carrier status, marital or familial status, partnership status, victim of domestic violence, sexual or other reproductive health decisions, or other characteristics protected by applicable law.

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