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Vp Business Development information

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$64.1K

$166K

$272.4K

How much do vp business development jobs pay per year?

As of May 28, 2026, the average yearly pay for vp business development in Silver Spring, MD is $166,015.00, according to ZipRecruiter salary data. Most workers in this role earn between $123,000.00 and $199,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a VP of Business Development, and why are they important?

To thrive as a VP of Business Development, you need extensive experience in sales strategy, market analysis, and relationship management, often supported by a bachelor's or master's degree in business or a related field. Familiarity with CRM platforms like Salesforce, contract management tools, and business analytics software is typically required. Strong leadership, negotiation, and strategic communication skills help drive growth and inspire teams. These combined abilities are essential for identifying new opportunities, building partnerships, and achieving revenue targets in competitive markets.

What are some common challenges faced by a VP of Business Development when expanding into new markets?

A VP of Business Development often encounters challenges such as understanding local regulations, cultural differences, and competitive landscapes when entering new markets. Building trust with potential partners, navigating unfamiliar business practices, and ensuring alignment between cross-functional teams are also common hurdles. Success in this role requires strong strategic planning, adaptability, and effective communication to mitigate risks and capitalize on growth opportunities.

What does a VP of Business Development do?

A VP of Business Development is responsible for creating strategic partnerships, identifying new business opportunities, and driving company growth. They work closely with executive leadership to develop long-term business strategies and lead teams that pursue mergers, acquisitions, or market expansions. Their role often includes negotiating deals, managing key client relationships, and analyzing market trends to ensure the company stays competitive. Ultimately, they play a critical role in shaping the company's direction and achieving revenue targets.

What is the difference between Vp Business Development vs Business Development Manager?

AspectVp Business DevelopmentBusiness Development Manager
ResponsibilitiesStrategic growth, high-level partnerships, revenue targetsIdentifying leads, client acquisition, sales support
Experience & CredentialsTypically 10+ years, leadership experience, industry knowledge3-7 years, sales or marketing background
Work EnvironmentExecutive meetings, strategic planning, cross-department collaborationClient meetings, sales presentations, team coordination
Industry UsageCommon in large organizations and corporationsWidespread across industries, especially in sales-driven sectors

The Vp Business Development focuses on high-level strategic growth and partnerships, often overseeing teams and setting company-wide expansion goals. In contrast, a Business Development Manager handles day-to-day client acquisition and sales activities. Both roles require strong industry knowledge, but the VP role involves more leadership and strategic planning, while the Manager role is more execution-focused.

What are the most commonly searched types of Business Development jobs in Silver Spring, MD? The most popular types of Business Development jobs in Silver Spring, MD are:
What job categories do people searching Vp Business Development jobs in Silver Spring, MD look for? The top searched job categories for Vp Business Development jobs in Silver Spring, MD are:
What cities near Silver Spring, MD are hiring for Vp Business Development jobs? Cities near Silver Spring, MD with the most Vp Business Development job openings:
Vp Business Development jobs near you
Infographic showing various Vp Business Development job openings in Silver Spring, MD as of May 2026, with employment types broken down into 95% Full Time, 1% Temporary, and 4% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $166,015 per year, or $79.8 per hour.
VICE PRESIDENT - BUSINESS DEVELOPMENT

VICE PRESIDENT - BUSINESS DEVELOPMENT

LifeBridge Health

Baltimore, MD • On-site

Other

This job post has expired today. Applications are no longer accepted.

LifeBridge Health rating

6.3

Company rating: 6.3 out of 10

Based on 76 frontline employees who took The Breakroom Quiz

661st of 864 rated healthcare providers

Job description

VICE PRESIDENT - BUSINESS DEVELOPMENT
  • Baltimore, MD
  • SINAI HOSPITAL
  • Full-time - Day shift - 8:00am-4:30pm
  • EXECUTIVE
  • 95623
  • Posted: March 23, 2026
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Summary

Vice President, Business Development
OVERVIEW
The Vice President of Business Development (VP, BD) is an executive level leader responsible for driving enterprise growth through strategic partnerships, acquisitions, joint ventures, and new market opportunities. Reporting to the Executive Vice President and Chief Financial Officer, this role plays a critical part in shaping and executing the company’s long-term growth strategy for a diversified healthcare organization with $2.5 billion in annual revenue.
The VP, Business Development will work closely with executive leadership, clinical leaders, finance, legal, and operations to identify, evaluate, negotiate, and integrate growth opportunities that enhance market position, expand capabilities, and deliver sustainable value.
KEY RESPONSIBILITIES
Growth Strategy & Leadership
  • Develop and execute a comprehensive business development strategy aligned with corporate objectives and long-term growth plans.
  • Serve as a trusted strategic advisor to the CFO and executive leadership team on growth initiatives, market trends, and competitive dynamics.
  • Lead and mentor business development team.
Mergers, Acquisitions & Strategic Transactions
  • Identify, evaluate, and prioritize M&A opportunities, including acquisitions, divestitures, and joint ventures.
  • Oversee end-to-end transaction processes: target identification, valuation, due diligence, deal structuring, financing, negotiation, and closing.
  • Lead role in coordinating all aspects tax-exempt and taxable financing transactions to fund strategic capital needs as needed, including annual rating agency updates.
  • Partner with finance, legal, and operational leaders to ensure disciplined deal execution and risk management.
  • Support post-merger integration planning in collaboration with operations and functional leaders.
Partnerships & New Market Development
  • Establish and manage strategic partnerships with healthcare systems, payers, technology partners, and other ecosystem stakeholders.
  • Identify opportunities for geographic expansion, service line growth, and new business models.
  • Negotiate complex commercial agreements that align incentives and drive long-term value creation.
Market Intelligence & Competitive Analysis
  • Monitor healthcare industry trends, regulatory developments, reimbursement dynamics, and competitive activity.
  • Translate market insights into actionable growth opportunities and strategic recommendations.
  • Build robust business cases and financial models to support investment decisions.
Cross-Functional Collaboration
  • Work closely with clinical, operational, financial, and compliance teams to ensure alignment between growth initiatives and execution capabilities.
  • Ensure all business development activities comply with healthcare regulations, including fraud and abuse laws, antitrust, and payer requirements.
 
QUALIFICATIONS AND REQUIREMENTS
  • Education: Bachelor’s degree required; MBA, MHA, or equivalent advanced degree strongly preferred.
  • Experience: 10+ years of progressive experience in business development, strategy, investment banking, private equity, or corporate development, with significant exposure to healthcare.
  • Proven track record leading complex M&A transactions and strategic partnerships in a regulated healthcare environment.
  • Experience operating at the executive level within a large, multi-site, or multi-business healthcare organization preferred.
  • Demonstrated success managing and developing high-performing teams.
 
Skills & Competencies
  • Exceptional strategic thinking, financial acumen, and deal execution capabilities.
  • Strong negotiation skills with the ability to influence senior executives and external stakeholders.
  • Deep understanding of healthcare economics, reimbursement models, and regulatory considerations.
  • Excellent communication skills, including executive presentations and board-level reporting.
  • High integrity, sound judgment, and the ability to operate effectively in a fast-paced, evolving environment.
Key Performance Indicators
  • Successful execution of M&A and partnership transactions aligned with strategic priorities.
  • Revenue and EBITDA growth attributable to business development initiatives.
  • Return on invested capital (ROIC) and post-transaction performance.
  • Strength and sustainability of strategic partnerships.
  • Effectiveness of post-merger integration outcomes.

Additional Information

Who We Are:
LifeBridge Health is a dynamic, purpose-driven health system redefining care delivery across the mid-Atlantic and beyond, anchored by our mission to “improve the health of people in the communities we serve.” Join us to advance health access, elevate patient experiences, and contribute to a system that values bold ideas and community-centered care.
What We Offer:
Impact: Join a team that values innovation and outcomes, delivering life-saving care to our youngest and most vulnerable patients.
Growth: Opportunities for professional development, including tuition reimbursement and developing foundational skills for neonatal critical care leadership and advanced certification.
Support: A culture of collaboration with resources like unit-based practice councils and advanced clinical education support — improving both workflow efficiency and patient outcomes and allowing you to work at the top of your license.
Benefits: Competitive compensation (additional compensation such as overtime, shift differentials, premium pay, and bonuses may apply depending on job), comprehensive health plans, free parking, and wellness programs.
Why LifeBridge Health?
With over 14,000 employees, 130 care locations, and two million annual patient encounters, we combine strategic growth, innovation, and deep community commitment to deliver exceptional care anchored by five leading centers in the Baltimore region: Sinai Hospital of Baltimore, Grace Medical Center, Northwest Hospital, Carroll Hospital, and Levindale Hebrew Geriatric Center and Hospital.
Our organization thrives on a culture of CARE BRAVELY—where compassion, courage, and urgency drive every decision, empowering teams to shape the future of healthcare.
LifeBridge Health complies with applicable Federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex or sexual orientation and gender identity/expression. LifeBridge Health does not exclude people or treat them differently because of race, color, national origin, age, disability, sex or sexual orientation and gender identity/expression.
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About LifeBridge Health

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LifeBridge Health is a $2B, 13,000 team member healthcare system that Cares Bravely for over 1 million patients annually throughout Maryland. We are comprised of 5 main healthcare centers: Sinai Hospital, Northwest Hospital, Carroll Hospital, Levindale Hebrew Geriatric Center and Hospital, and Grace Medical Center as well as several specialty and primary care locations throughout Baltimore.

Industry

Health care and social assistance

Company size

5,001 - 10,000 Employees

Headquarters location

Baltimore, MD, US

Year founded

1988

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