Quest Diagnostics

Sr Dir, Corporate Strategy

Posted on: 15 Mar 2021

Secaucus, NJ

Job Description

Job Description

Senior Director, Corporate Strategy

Recognized by FORTUNE magazine as one of the Worlds Most Admired Companies, Quest Diagnostics is the world's leading provider of diagnostic testing, information and services that doctors and patients need to make better healthcare decisions. They are pioneers in developing innovative diagnostic tests and advanced healthcare information technology solutions that help improve patient care.

With corporate headquarters in Secaucus, NJ, Quest Diagnostics is a Fortune 500 company traded on the New York Stock Exchange (NYSE: DGX) and included in the Dow Jones Sustainability World Index. With 2019 revenues of around $7.7 Billion and approximately 46,000 employees and 6,600 patient locations across the US, Quest Diagnostics serves half of the physicians and hospitals in the US with their large variety of products and services.

The company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics also provides services to employers, life insurance companies, other commercial labs, clinics, health plans, government agencies, and organizations involved in clinical trials research.

Approximately 150 million times each year, patients and their physicians rely upon Quest Diagnostics results to make important healthcare decisions and approximately one third of U.S. physicians and many of the countrys leading hospitals and health systems relies on Quest Diagnostics healthcare information solutions to foster better patient care and outcomes.

Awards/Recognitions

FORTUNE magazine's World's Most Admired Companies list for 6 consecutive years; one of only five companies to attain Most Admired status in the Health Care, Pharmacy and Other Services industry category.

Fortune magazines Fortune 500 list

Forbes Global 2000

Forbes' America's Best Employers List for third consecutive year

Forbes 2020 Americas Best Employers for Women for second consecutive year

S&P; 500

Barrons 500

Member of the Dow Jones Sustainability World Index

Included in the FTSE4Good, Calvert, and Ocean Tomo sustainability indices

Listed in the most recent Newsweek Green Rankings

Consistently named one of the best places to work in U.S. business journal rankings

Named a DiversityInc Noteworthy Company for third consecutive year

Listed on the Disability Equality Index (DEI), a joint initiative of the American Association of People with Disabilities (AAPD) and the US Business Leadership Network (USBLN), recognizing companies for prioritizing the inclusion of people with disabilities

Named Top 23 Best Places to Work for LGBTQ Equality in New Jersey

Achieved Cancer Gold Standard accreditation from the CEO Roundtable on Cancer, recognizing our actions to reduce the cancer risk of employees and their families

Received C. Everett Koop National Health Award for Efforts to Promote Employee Health in 2020

Diagnostic Testing Services

Quest Diagnostics is the worlds leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. Their services range from routine blood tests such as total cholesterol, Pap testing and white blood cell count to complex, gene-based and molecular testing. They perform medical tests that aid in the diagnosis or detection of diseases, measure the progress or recovery from a disease or confirm that an individual is free from disease. In addition, they have specialized expertise in cancer, cardiovascular diseases, infectious diseases, and neurology.

Outlook

In the $60 Billion and growing US Diagnostic Testing Market, Quest Diagnostics is the leader. Quest Diagnostics reputation as a leading innovator, provider of high value, low cost solutions and its financial strength and flexibility make it well positioned to capitalize on the evolving healthcare landscape.

Quest Diagnostics long-term strategy is to become the undisputed world leader in diagnostic testing, information and services. To drive this profitable growth, Quest Diagnostics plans to leverage capabilities to create differentiation:

Deliver Innovative Solutions

Leverage their Unparalleled Access and Distribution Network

Expand their relationships with large payors and health systems

Deliver Superior Patient Experiences

Global Markets

Our international operations, Global Markets, operate in three regions around with world (The Americas, EMEA and Asia Pacific) with each region having full accountability and authority for its own P&L.; Each of the regions is a sizable business in and of itself. Global Markets has laboratory facilities in Gurgaon, India; Mexico City, Mexico; and San Juan, Puerto Rico. We also provide reference testing in numerous other countries. We expect that our expansion strategies will include a mix of our traditional approaches as well as the formation of strategic partnerships and targeted M&A.;

Position Description

The Senior Director, Corporate Strategy provides insights to and advises the CEO and Senior Management Team on strategic challenges and opportunities for the organization. S/He provides thought leadership on the healthcare market and on how Quest Diagnostics can achieve its vision, goals and strategy. The position manages and directs analytics to address market, sub-market and business questions. S/He leads governance process for the Board of Directors and Senior Management Team on behalf of the CEO. The role also supervises 1-2 analysts (Manager, Strategy and Business Deployment or Senior Business Analyst). The position reports to the Executive Director, Corporate Strategy.

Responsibilities include:

* Research strategic questions for the Senior Management team and develop recommendations for market and competitive conditions
* Understand and articulate market dynamics and drivers in our Market Growth model outline key inputs into the model, manage update process, and summarize key insights
* Identify, track, and communicate critical trends across markets, industries, and competitors that affect business segments audience includes Senior Management team and other key internal business partners
* Size the total and addressable market and identify and size sub-segments of the market
* Conduct market and competitive analysis to assess opportunities including influencing overall industry behaviors
* Interact with the senior management teams of strategic customers to develop relationships and manage joint streams of work
* Develop relationships, negotiate, and work closely with potential alliance partners and / or market participants
* Work directly with the CEO to develop agendas and content for Board of Directors meetings
* Engage directly with the CEO to develop agendas and content for Senior Management Team quarterly Executive Weeks and monthly meetings manage all elements of meetings
* Work with business owners at all levels of the company to define and detail strategic initiatives
* Understand Quest Diagnostics core capabilities, identify and determine how to close gaps to necessary capabilities
* Generate consensus and action within conflicted and under-informed situations or decisions
* Oversee the development of the companys strategy through the Management System and Hoshin Kanri planning
* Coordinate the three year strategic planning process across multiple segments of the organization (Clinical Franchises, Commercial regions, Finance, etc.)
* Take the lead on selected projects to drive early stage implementation
* Manage outside vendors and consultants
* Embrace corporate citizenship, including contributing to the development, implementation, and oversight of corporate policies, strategies and programs
* The role is intended to work with and facilitate business teams or cross-functional teams, including from external partners; teams would typically be Directors or above and 6-8 people

Desired Experience

Bachelors Degree and Masters in Business Administration required

7+ years at a management consulting firm or 10+ years in Corporate environment setting/driving strategic change

Conversant in US healthcare system

Must possess superior analytical and problem solving skills

Ability to communicate complex ideas and handle ambiguity

Proficient in creating new economic or business models

Excellent in driving and facilitating senior level teams and in crafting logical storylines for review

Strong listening, written and oral presentation skills suitable for C-Suite and external partner discussions

Proven experience in strategic planning

Proven experience in risk management

Proven experience in change management

Strong relationship building skills

Knowledge of project management techniques and tools

Proficient in MS Excel, PowerPoint, and Word

Competencies

* Ability to inspire confidence in and motivate others
* Business Acumen
* Customer Focus
* Dealing with Ambiguity
* Decision Quality
* Drive for Results
* Integrity and Trust
* Intellectual Horsepower
* Interpersonal Savvy
* Presentation Skills
* Problem Solving
* Process Management
* Written Communication

To Apply

Please Log In or Register to Upload a Resume and complete the online Application by visiting [ Link Removed ] , clicking Job Search and following the prompts. Because of the large number of applicants to job openings, Quest Diagnostics will only contact qualified candidates for interviews.

Quest Diagnostics is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Quest Diagnostics

Secaucus, NJ

Company Overview

Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 46,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives.

At a Glance

Quest Diagnostics is the world’s leading provider of diagnostic information services
Generated 2018 revenues of approximately $7.53 billion
Publicly trades common stock on the New York Stock Exchange (NYSE: DGX). More in Investor Relations
Ranks as a component of the S&P 500
Touches the lives of 30 percent of American adults each year
Serves about half of the physicians and hospitals in the U.S
Access to approximately 90% of U.S. insured lives
Engages workforce of about 46,000 employees dedicated to putting patients first every day
More than 6,600 patient access points, the most extensive network in the U.S.,
including phlebotomists in physician offices and more than 2,250 of our own
patient service centers 
A medical and scientific staff of more than 600 M.D.s and Ph.D.s
Logistics capabilities, that include approximately 3,750 courier vehicles and 25 aircraft that collectively make tens of thousands of stops daily
Offers physicians a test menu that is industry leading in breadth and innovation.  Our test menu ranges from routine biological tests to complex and specialized molecular and gene-based testing as well as anatomic pathology 
Provides a broad range of solutions for employers, including workplace drug testing for employers and government agencies; the Blueprint for Wellness employee wellness service; and risk assessment services for the life insurance industry
Publishes original research in peer reviewed publications, at medical and scientific conferences, and as a public service. Quest Diagnostics Health Trends reports examine trends in diseases based on the company’s United States database. Quest Diagnostics Drug Testing Index (DTI) reports examine trends in workplace drug testing, and have been considered a benchmark for U.S. workforce drug positivity trends since 1988 

Recognition

Named to Fortune Magazine's 2019 World's Most Admired Companies list in the Health Care industry category of "Pharmacy and Other Services" for the third consecutive year
Among FORTUNE® Magazine's 2018 Fortune 500® companies
Ranked on the Forbes® 2018 Global 2000
Ranked on the “Barron’s 500” list of top-performing large companies for 2017
Named a member of the Dow Jones® Sustainability World and North America indexes since 2004 (DJSI World) and 2005 (DJSI North America). The Dow Jones Sustainability World Index represents the top 10% of the leading sustainability companies out of the biggest 2,500 companies in the Dow Jones Global Total Stock Market Index
Earned a place on the annual Newsweek Green Rankings, for the fourth consecutive year on the 2017 U.S. list
Consistently named one of the best places to work in U.S. business journal rankings, including Forbes® 2018 America's Best Large Employers 
Achieved Cancer Gold Standard™ accreditation from the CEO Roundtable on Cancer, recognizing our important actions to reduce the cancer risk of employees and their families
Received a rating of 100 from the Human Rights Campaign on the 2018 Corporate Equality Index, earning the distinction of being a "Best Place to Work for LGBT Equality"
Named a DiversityInc Noteworthy Company for the second consecutive year in 2018

Read more about awards and honors.

Read more about our Reputation Honors and Corporate Social Responsibility programs.

Products and Services

Diagnostics information services
Clinical trials
Healthcare IT
Wellness & risk management
Drug Screening 

Read more about products and services.

Operations

Headquarters in the U.S.: 500 Plaza Drive, Secaucus, New Jersey 07094  
Approximately 2,200 patient locations and dozens of clinical laboratories throughout the U.S. 
In addition to the U.S., Quest Diagnostics operates clinical laboratories in laboratory facilities in Gurgaon, India; Heston, England; Mexico City, Mexico; and San Juan, Puerto Rico 

 

 

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