About the position
At UPMC Enterprises, we create health care innovations that will impact the lives of patients in meaningful, lasting ways. As the innovation, commercialization, and venture capital arm of UPMC, Strategic Product Managers at UPMC Enterprises identify, evaluate, and develop investment opportunities. They bridge cross-functional disciplines, balancing business, technical, and design constraints to transforming ideas into thriving businesses and life changing medicine. The Strategic Product Management team engages in the innovation pipeline across healthcare verticals and throughout all stages. This includes developing innovation and investment strategics into targeted problem spaces, engaging with companies and partners on the pipeline of opportunities, and aligning internal resources to accelerate commercial development and growth. Strategic Product Managers lead the evaluation, recommendation, and development of opportunities across the portfolio. They must feel comfortable working in a dynamic, sometimes ambiguous environment. They must leverage deep commercial expertise and critical thinking skills to distill the complexity inherent to health care's most confounding problems. At the same time, they must exhibit strong leadership skills to build relationships with internal and external executives, align stakeholders on vision, and thoughtfully translate problems into solutions that can take shape as disruptive businesses. Sr Associates on the team shape and manage the development of strategic pipeline opportunities.
Responsibilities
- Define unmet market needs and innovation opportunities through research and collaboration with internal teams and UPMC stakeholders and subject matter experts
- Develop expertise in assigned areas/domains
- Develop and manage relationships with key internal stakeholders to evaluate ideas and opportunities
- Lead thesis development in assigned areas
- Build pipeline/network of investment opportunities
- Develop network to source new investment opportunities
- Evaluate market opportunity and make investment recommendations to leadership
- Manage diligence processes
- Support growth of portfolio companies
- Provide support to assigned portfolio companies to shape product roadmaps and GTM strategies
- Ensure success of pilots, customer approaches at UPMC
- Shape strategy for external targeting to grow commercial pipelines
- Develop and support strategy to create a network of health system executives and partners that can be leveraged for acceleration of pipeline for portfolio companies
- Support strategy to leverage external events, conferences, etc. for pipeline development
- Support commercial and GTM strategy for Ahavi across assigned segments (health systems, portfolio companies, venture partners)
- Develop pipeline process and support Ahavi revenue targets
Requirements
- Bachelor's degree in business, finance, engineering, computer science, or related field required
- Master's degree (MBA) preferred
- 5+ years of professional experience in product management, commercialization, and/or investment required, preferably related to digital health solutions
- Equivalent combination of experience and education will be accepted in lieu of above-mentioned requirements
- Understanding of Healthcare IT industry, financial modeling, investment structures, and product development/deployment processes
- Experience leading cross-functional teams of business, technical, operational, and/or clinical resources
- Shows working knowledge across multiple functional areas such as product management, engineering/development, design, and market research but also exhibits depth in a relevant discipline
- Excellent written and oral communication skills
- Excellent organizational and analytical skills with strong technical abilities
