The California Health Care Foundation (CHCF) is dedicated to advancing meaningful, measurable improvements in the way the health care delivery system provides care to the people of California, particularly those with low incomes and those whose needs are not well served by the status quo. We work to ensure that people have access to the care they need, when they need it, at a price they can afford. CHCF’s work is oriented around three goals, each staffed by a team at the foundation:
- Improving access to coverage and care for low-income Californians
- Ensuring high-value care
- Laying the foundation for change
Health Innovation Fund Overview
The Innovation Fund invests in growing software and service companies to improve quality, cost, and access to health care for low-income Californians. We use equity, loans, and convertible notes like a traditional venture capital firm, but with a focus on social impact over financial return. Our aim is to forward CHCF’s mission by being the preferred partner of entrepreneurs and investors who are working to bring innovation into the Medicaid market.
The senior program investment officer will lead qualitative and quantitative analyses related to investment opportunities that are aligned with CHCF’s mission and the spread of innovation at scale in the safety-net delivery system.
The ideal candidate will have strong knowledge about health care markets and delivery, as well as experience investing in companies. This is an exciting opportunity to play a role in the dynamic field of mission-related investing while also meaningfully improving care for low-income Californians. It is also an opportunity to gain the expertise required to succeed in the fields of health care entrepreneurship or traditional venture capital investing.
This is a full-time exempt position based in Oakland, California, and reports to the director of the Health Innovation Fund team.
Source and assess new investment ideas:
- Develop a clear understanding of an ideal CHCF investment opportunity
- Identify potential investments through research and entrepreneur, investor, and health care payer and provider networks
- Professionally conduct initial calls and meetings with prospective investment opportunities
Research health care market segments:
- Lead qualitative and quantitative analyses of investment opportunities, including their alignment with and impact on CHCF’s goals
- Analyze market size, competitive landscapes, and market segments
- Identify and engage domain experts for answers to specific questions
- Leverage health care databases with company and market segment information
Assist existing portfolio companies in gaining market traction:
- Leverage personal skills and networks to assist portfolio companies
- Bring to bear CHCF’s networks and expertise to improve products and generate customers
- Lead grant work that may be paired with an investment, including evaluation of innovations in the safety-net setting
Build awareness of Medicaid as a market and the Innovation Fund as a market influencer:
- Be a visible presence for CHCF at local health care and investing events and conferences
- Oversee the production and dissemination of primers, blogs, and other communications tools to increase the field’s awareness and understanding of the Medicaid market
- Raise your own profile, as well as the fund’s, through professional networking, speaking opportunities, writing, and/or use of social media
- Assist with the development and maintenance of the fund’s investment portal, deal-tracking software, and other communications capabilities
- Three to six years of work experience in venture capital, strategy consulting, banking, or equity research, with a specific focus on health care, or work experience at a health care services or information technology company focused on strategy, market research, or data analytics
- Quantitative skills needed to review the financial and market projections, balance sheets, and operating plans of potential and existing investments
- Demonstrated experience independently developing and managing complex projects
- Excellent interpersonal and collaboration skills; demonstrated effectiveness in building relationships with and working with people at all levels and in multidisciplinary teams
- Excellent analytic and critical-reasoning skills; ability to anticipate needs, recommend options, and implement solutions
- Excellent written and verbal communication skills, with an ability to translate complex ideas into clear, easy-to-understand concepts
- Demonstrated ability to establish strategy, develop work plans, multitask, and deliver quality work on time
- MBA or degree in a health field from a leading institution (preferred, not necessary); undergraduate degree required
- Motivated by and committed to CHCF’s mission
Salary and Benefits
Salary is commensurate with education and work experience. The foundation provides a benefits package that includes medical, dental, vision, disability, life and long-term care insurance; a cafeteria plan; commuter checks or paid parking; employee assistance and wellness programs; educational assistance; paid time off; and retirement benefits.
To apply for a position at CHCF, please submit your interest via our online application system. Unless otherwise noted, we will accept resumes until a position is filled, and we will try to let you know the status of your application in a timely manner. Candidates passing the initial screen will be asked to submit writing samples prior to interviews.
The California Health Care Foundation is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to age, race, ethnicity, religion, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.
If interested, please apply here.