Vice President Corporate Innovation
Redesign Health is a proud Equal Opportunity Employer – we recruit, train, compensate and promote our team members based on qualifications. We know how important it is not only to include, but to actively seek out a diversity of opinions and voices.
We want to hear from you regardless of your race, religion, national origin, sex, gender identity, sexual orientation, disability, age, veteran status, or any other applicable legally protected characteristics.
Redesign Health is a company that powers innovation in healthcare. We develop technologies, tools, and insights that lower the barriers to change in healthcare, and provide a platform that enables founders and the broader healthcare ecosystem to build high-quality health solutions at scale. We have powered the launch of over 30 companies to-date including Lively, Ever/Body, Calibrate, Vault Health, Springtide, HealthQuarters, Proper, Anomaly, Jasper, MedArrive, Intrinsic, UpLift, Kins, Keen, Overalls, and stealth ventures in health equity, kidney care, women’s health, complementary medicine, and many more. We’re on a mission to redesign health for everyone.
VP Corporate Innovation Job Description
Redesign is looking for its first VP Corporate Innovation to join our Enterprise Growth team. This high-impact role will be responsible for setting the strategy and overseeing the execution of corporate innovation partnerships focused on the co-development of new companies and establishing a programmatic approach to driving innovation with and for incumbent healthcare partners. This role will also build and manage a team to identify, acquire and manage new strategic corporate relationships to leverage the Redesign Platform and establish Redesign Health as the industry leader in healthcare corporate innovation.
The ideal candidate for this role has experience in healthcare venture building/ideation as well as in the development and execution of innovation agendas within a corporate structure. The candidate should be able to apply these skills to identify and align innovation priorities and capabilities and steward engagement and governance with partners. Additionally, the candidate should be able to assess readiness and feasibility of venture building opportunities and communicate these opportunities to the broader Redesign Platform. We are looking for a high-energy, collaborative leader who is excited to join us on our mission of accelerating innovation in healthcare and Redesigning health for everyone.
You will report to the Head of Enterprise Growth. The position can be fully remote or at our New York City headquarters.
What you'll do:
Lead the Corporate Innovation Function
- Develop and implement the long term corporate innovation partnerships strategy working collaboratively in defining strategic priorities and corporate innovation roadmaps
- Coordinate closely with Strategic Finance to define equity structures for various corporate innovation structures
- Uncover insights from research into healthcare corporate innovation and industry experts to map the competitive landscape and current corporate innovation structures / terms
- Map the healthcare corporate innovation partner landscape (payers, systems, associations, etc.), understanding their needs, priorities and financing structure
- Execute ideation sessions and processes with partners to identify opportunity areas for the co-development of new companies
- Develop and refine a Corporate Ventures Scorecard to build a tiered prospect model of health system, payer and technology partners for targeted outreach based on Redesign Health’s strategic priorities
- Collaborate with marketing to develop corporate innovation collateral, including pitch decks, and supporting corporate innovation materials, case studies and white papers to support thought leadership
- Recruit and lead a high performing and effective Corporate Innovation team, developing and supporting them to achieve both professional and business objectives
- Partner with Redesign Corporate Development and Strategy and Finance leadership to develop corporate co-creation formation and governance frameworks.
Executes Corporate Innovation Strategy
- Establish, develop and manage corporate innovation partnerships with C-suite executives to identify and agree on areas of strategic importance and focus
- Lead scoping projects with corporate partners to identify market opportunities and create new venture concepts; establish clear processes for generating and prioritizing ideas and co-creating new ventures through launch
- Collaborate cross – functionally to manage and track multiple partnership workstreams and ensure Redesign is successful in taking its innovations to market with strategic partners in a timely and scalable way
- Develop and execute processes for NewCo co-creation with corporate partners and establish aligned engagement models
- Collaborate with Corporate Development / Strategic Finance on the production of Investment Committee presentations, whitepapers and supporting materials
- Lead, manage and oversee multiple projects and initiatives, providing guidance to internal and external cross - functional teams and ensuring partner satisfaction
- Analyze data and make commercially focused decisions based on business key performance indicators
- Diligence and develop innovative NewCo business models together with corporate partners
- Collaborate with cross-functional Redesign teams (e.g. Product, Talent, Growth) to build NewCo concepts with corporate partners
Corporate Innovation Thought Leadership
- Serve as the internal corporate innovation thought leader for the organization, and apply this knowledge to develop corporate innovation processes and best practices
- Evangelize corporate innovation internally and externally so Redesign is viewed as innovative, visionary and a market leader by customers, industry groups and medical societies
- Collaborate with marketing and Corporate Development / Strategic Finance to develop corporate innovation collateral, including case studies and white papers to support innovation thought leadership
What you'll need:
- Background
- 10+ years of healthcare venture building or related experience including corporate development, venture capital or consulting experience
- Expert in corporate innovation frameworks and open innovation
- Experience using structured ideation processes for new venture diligence
- MBA preferred
Focus attributes:
- Action Oriented: You readily take action on challenges, without unnecessary planning. You identify and seize new opportunities. You display a can-do attitude in good and bad times. You step up to handle tough issues. You take on new opportunities and tough challenges with a sense of urgency, high energy and enthusiasm.
- Cultivates Innovation: Comes up with useful ideas that are new, better, or unique. Introduces new ways of looking at problems. Can take a creative idea and put it into practice. Encourages diverse thinking to promote and nurture innovation. Creating new and better ways for the organization to be successful.
- Strategic Mindset: Anticipates future trends and implications accurately. Readily poses future scenarios. Articulates credible pictures and visions of possibilities that will create sustainable value. Creates competitive and breakthrough strategies that show a clear connection between vision and action. Seeing ahead to future possibilities and translating them into breakthrough strategies
Redesign’s mission is to elevate healthcare companies that empower people to live their healthiest lives. To give a sense of what our team is all about, these are the values that guide our work:
- Redesign healthcare - We bring positive change to patients’ lives
- Own the outcome - We do the work to get the job done
- Be trusted partners - We strive to be the teammates and co-founders of choice
- Champion diverse perspectives - We work to unlock our joint potential
- Practice kindness - We aim to build bridges, not walls
- Learn continuously - We focus on constantly growing as individuals and as a team
Why work with us?
We care deeply about your well-being. And we’ve tailored our unique benefits around your wellness. Check out our full range of benefits here, and a few of our highlighted benefits below:
- Benefits for your physical wellness:
- Full medical, dental, and vision coverage with no monthly contribution for you and your dependents (for all of our plans!)
- Quarterly in-home house cleaning
- $50 a month wellness stipend
- Benefits for your financial wellness:
- 401K match
- Student loan repayment contribution
- Tax preparation services
- Benefits for your mental wellness:
- Unlimited PTO
- An annual 2-week company-wide winter break
- 2 months sabbatical after 4 years
- Reimbursements to Spotify & Headspace
- Benefits for the wellness of parents:
- 16 week full paid parental leave
- Maven Clinic access with $10k lifetime contributions to fertility & adoption services
- Diaper subscription service & summer camp reimbursement program