The Innovation and Value Initiative Foundation, Inc. (IVI) is a 501(c)(3) nonprofit research organization whose mission is advancing the science of value assessment in healthcare. IVI is a membership organization with both organizational and individual members. Revenues for 2021 were in the $2.5 million range, and the organization has grown in membership and staffing over the last three years.
IVI raises the level of discussion of value in healthcare and works to find common ground in approaches to measuring value through research, method development, scientific communication, and engagement. The US health system is diverse, complex, and ripe for innovation in the value space, and IVI is uniquely positioned to challenge outdated thinking and methodologies and provide a learning lab to co-create solutions.
IVI is seeking a Chief Executive Officer (CEO) to lead the organization as it pursues this mission. The CEO is responsible for driving the strategic direction of the organization and expanding IVI’s reach in the marketplace. This includes management of external member relationships, oversight and management of operations, governance, strategic planning, and staff. Specific responsibilities are outlined in this position description.
While IVI is headquartered in the Washington DC metropolitan area, it has embraced a virtual staffing model from the start. As such, this position can be based anywhere in the continental US. Currently, staff members and contractors are located throughout the country.
IVI: An Overview
Founded in late 2016 as a project by academics associated with Precision Health Economics, IVI sought to influence health economics and outcomes research thinkers, academics, and value assessors through policy papers, commentary, and events that made the case for novel approaches to value assessment methodologies. In 2018, IVI published its first Open-Source Value Project (OSVP) model addressing Rheumatoid Arthritis, the same year that it began to transition to a nonprofit entity. In August 2019, it was granted 501(c)(3) status, and funding transitioned from sponsorships to an organized membership program. An initial Board of Directors was appointed and helped establish organizational bylaws and policies. Since then, the organization has grown further in membership, built out its professional staff and Board of Directors, and initiated collaborative research with external research and patient partners.
About IVI’s Members
IVI’s membership is comprised of three groups:
About IVI’s Work
IVI’s mission is to advance the science, practice, and use of value assessment in healthcare to make it more meaningful to those who receive, provide, and pay for care.
IVI works to drive innovation in value assessment through collaborative research and partnerships on patient preferences, novel methods of value, and value assessment model development. IVI works with patients, employers, payers, and providers to assess what equitable value means to them and serves as a learning laboratory for testing new methods to improve value assessment.
Grounded in the principles of patient-centricity, transparency, and open-source modeling, IVI is a recognized leader within the value and health technology assessment community. Learn more about IVI’s principles for value assessment.
Structure of IVI
IVI is led by a 14-member Board of Directors (Board), which sets the organization’s vision and direction and provides guidance to the Chief Executive Officer. A Patient Advisory Council advises the Board on matters of patient focus and transparency. A Scientific Advisory Panel advises the Board on research and scientific topics and gives insight to IVI’s research agenda in collaboration with IVI’s scientific leadership.
The CEO Role
Strategic Priorities for the CEO
The Chief Executive Officer will lead the execution of IVI’s mission through patient-centered research, development of open-source methods and models, convening thought leaders, and amplifying IVI’s voice in the marketplace. This position will shape the organization’s strategy, oversee daily internal operations, and foster IVI’s network of partners, collaborators, and funders.
Essential Duties and Responsibilities
The CEO is responsible for the oversight of the following areas:
Governance
External Stakeholders Engagement & Convening
Fundraising/Development
Research Projects
Media and Scientific Communications
Operational Management
Required Skills, Experience, and Qualifications
Personal Qualities and Competencies
Compensation
A competitive compensation package will be offered to attract an outstanding candidate.
IVI Foundation, Inc. and Sterling Martin Associates are committed to providing equal opportunity for employees and applicants in all aspects of the employment relationship, without regard to race, religion, color, age, gender (including pregnancy, childbirth, or related medical conditions), marital status, parental status, sexual orientation, gender identity, gender expression, ancestry, national origin, citizenship, political affiliation, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. All employment is decided on the basis of qualifications, merit, and business need.