Director, Ventures

Job Description

Northwell Holdings is the strategic corporate venture capital and innovation arm of Northwell Health, New York's largest health care provider. In collaboration with our 100k+ colleagues, the Holdings team identifies, develops, and transforms groundbreaking healthcare solutions into sustainable value for the entire Northwell Health enterprise. Through a comprehensive investment approach spanning internal innovations, external company investments, and new company creation, the team targets emerging technologies and solutions that align with Northwell's mission while addressing critical clinical and operational challenges.

In this pivotal role, you will be directly responsible for directing, planning, and organizing all Ventures operations and staff, ensuring alignment with our strategic goals. A key part of your mission will be to develop and establish robust standards, policies, and procedures to optimize operations across all venture activities, fostering efficiency, innovation, and sustainable growth.

Job Responsibility

• Develops and articulates a short-term strategic vision for Venture operations.
• Implements strategic policies when selecting methods, techniques and evaluation criteria to optimize Venture operations.
• Oversees identification and development of areas for strategic investment based on industry trends and health system goals. Evaluates potential strategic partnerships, business relationships and equity investments.
• Directs multiple new business projects. Delivers related conceptual, strategic and tactical presentations to internal / external stakeholders.
• Monitors portfolio company relationships and support portfolio companies commercialization pathways and growth. Prepares investment briefs and shares committee materials.
• Develops strong, positive relationships with administrative and medical staff leadership.
• Collaborates with key internal / external stakeholders to facilitate the formation of start-up organizations, spin-outs, and new joint ventures.
• Selects, develops, manages, and evaluates direct reports and oversees management of indirect reports.
• Ensures Ventures activities are in compliance with federal, state, and local regulations, tax laws, and the Health System's Corporate Compliance Program.
• 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

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).