Director Innovation Investments and Operations

Thank you for considering a career at Bon Secours Mercy Health!

Director of Innovation Investments and Operations:

Collaborate with internal business and operational owners, partners from treasury, leadership, fund partners, and the Innovation Institute to oversee and ensure investment companies are optimizing operations and building in transparent reporting mechanisms. Work with leadership to execute the Innovation Strategy, including financial growth and investment targets that align with key stakeholders and executive leadership. Focus on term business and financial strategy integration at a program and project levels. Build business cases for new value creation and profitability goals, collaborate with innovation teammates to validate and iterate ideas into feasible roadmaps and work with financial and treasury team members and others to measure business impact.

Essential Functions:

• Build relationships and communication pathways across Bon Secours Mercy Health and partner organizations to increase credibility and integrity of the innovation program and processes. Leverage partnerships to drive Bon Secours Mercy Health’s strategic vision.
• Help ensure sound business and financial measurements of the outputs and outcomes from the investment companies, innovation processes and project pursuits. Collaborate with Financial team and others to capture accurate and meaningful financial yields.
• Seamlessly integrate with innovation and related committees, task forces and affinity groups to communicate and reinforce that innovation is one of the bedrock values of Bon Secours Mercy Health.
• Develop and execute innovation strategies with an emphasis on promoting the ministry’s innovation ecosystem and pursue top-line revenue growth. Develop short and long-term technical deliverable that will position the ministry as both a thought leader and a champion for innovative health solutions, locally and globally. Recommend, develop and assist in the strategic long-range planning process.
• Implement structures and processes to develop and refine approach to innovation and rapidly produce novel insights and solutions. Develop, execute and drive innovative and disruptive operating/development plans to support growth and profitability.
• Engage with leadership to help capture new opportunities to partner with the business community. Evaluate and make recommendations for business development and expansion opportunities within the ministry.
• Collaborate with internal and external partners to ensure that ideas find optimal channels to enable rapid assessment, synthesis, and development.
• Oversee a portfolio of multiple collaborative projects spanning multiple departments and external innovation partners. Scopes projects, clearly articulates roles and responsibilities and assesses the strategic impact of projects and provides recommendations.
• Increase impact and learning throughout the organization and among our partners. Foster a work environment that rewards risk taking, rapid learning, and a bias for action.
• Provide leadership, direction, mentorship, training and development required to enable a well- functioning and productive innovation team.
• Monitor key market and competitive dynamics, keep abreast of market innovations under development at a national level and collaborate with Analytics leader to ensure insights gained from analytics inform strategic decision making. Reviews the competitive marketplace and makes adjustments to innovation initiatives based upon identified information. Make recommendations for the formulation of the innovation strategies.
• Ensure patient centric innovative programs have a clearly defined objective and plan, and the corresponding success criteria are mapped to ministry goals and objectives.
• Assist with leadership and oversight of the MyIdea Portal and the Innovation Institute relationship.

Employment Qualifications

Education Qualifications –

Required Minimum Education:

4 year/Bachelor’s Degree

Health Sciences, HIM or related field

Required Graduate Education

MHA/MBA

Health Sciences, HIM, Business

Minimum Qualifications

Minimum Years and Type of Experience

• 10 or more years of progressive work history with a solid foundation of innovation principles and strong business acumen within healthcare industry – finance / banking and operations.

Other Knowledge, Skills and Abilities Required

• Highly collaborative style, strategic thinker with solid problem solving, analytical, planning, and organizational skills.
• Maintains a growth mindset.
• Passionate, energetic leader within a team environment.
• Leads through building relationships; demonstrated skills facilitating across functions and disciplines; motivated by collective success.
• Ability to build alliances via interpersonal skills and effective relationship development.
• Skilled communicator at all levels; able to translate complex business and technical concepts for diverse audiences; able to craft executive communications to facilitate decision-making.

Bon Secours Mercy Healthis an equal opportunity employer.

We’ll also reward your hard work with:

• Comprehensive, affordable medical, dental and vision plans
• Prescription drug coverage
• Flexible spending accounts
• Life insurance w/AD&D
• An employer-matched 403(b) for those who qualify
• Paid time off
• Educational Assistance
• And much more

Scheduled Weekly Hours:

40

Work Shift:

Days

Department:

System Innovation

All applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, age, genetic information, or protected veteran status, and will not be discriminated against on the basis of disability. If you’d like to view a copy of the affirmative action plan or policy statement for Mercy Health – Youngstown, Ohio or Bon Secours – Ashland, Kentucky, which are Affirmative Action and Equal Opportunity Employers, please email recruitment@mercy.com. If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact The Talent Acquisition Team at recruitment@mercy.com.