Portfolio Manager-Contract

Indiana University Health System•Plainfield, NJ

4d•Hybrid

About The Position

Our teams shape strategic initiatives, have passion, and work to improve health outcomes. They advance our mission and exemplify excellence, compassion, teamwork and purpose in all that they do . Indiana University Health is seeking individuals who embody these values to join our Strategic Sourcing team in the role of Portfolio Manager-Contract. This position is a full-time, hybrid role (2 days in office a week). This position is located in Plainfield, IN. Role Responsibilities Responsible for the overall management of assigned contract portfolio categories, including development and implementation of category strategy in coordination with key stakeholders. Leads strategic sourcing initiatives, typically resulting in negotiation of multi-million dollar contracts with local, national, or international corporations. Ensures the best possible cost position through contract strategy development using market tools, supplier negotiations, product standardization, contract implementation, and contract performance review. Assesses suppliers’ ability to support organization’s goals for achieving diversity and local spend targets. Coordinates with clinical effectiveness councils and other clinical stakeholder groups by providing data relevant to given initiatives by product category. Identifies and supports opportunities such as standardization, utilization and new emerging technologies related by category to the appropriate key stakeholders. Coordinates new product, capital, purchase service and technology requests related to contract category. Works under limited guidance on projects and problems of a complex nature using tools and independent judgment to make decisions, build relationships, serve as the product portfolio expert and ensure deliverables are met for assigned categories. Provides guidance to assigned Portfolio Specialist. Collaborates with group purchasing organization on strategy, benchmarking, and opportunities within their portfolio. Responsible for the appropriate implementation and retrospective analysis of initiatives by category. Owns supplier relationships with local, national, and international corporations on behalf of health system based on assigned categories, develops strategic plans, monitors vendor performance, and conducts business reviews. Responsible for collaborating with system-wide operational leaders for approval. Ensures alignment and acceptance of all contract terms by departmental stakeholders such as Legal, Finance, IIS, and Supply Chain Operations. Performs other duties as assigned to support the overall strategy of supply chain and clinical effectiveness. Candidate Qualifications Candidates for the position will be evaluated according to the following criteria and competencies. Bachelor's degree required, preferably with a focus on healthcare management, business administration, supply chain management, or other analytical discipline. CMRP certification is preferred. 5-7 years of healthcare experience in focus area or related field is required, or equivalent combination of years, skills, and experience. Requires experience in project management, presentation development, analytics, customer service, contract management, navigating a complex organization, and obtaining buy-in for proposals. Contract negotiation, sourcing strategy development, contract portfolio ownership, and contract lifecycle management experience preferred. Strong verbal, written, leadership, business acumen, strategic thinking, relationship building, collaboration, negotiation, data analysis, and project management skills are required. Advanced working knowledge of Microsoft Excel, Word and PowerPoint software applications; statistical software applications experience preferred. Must be proficient in the use of Supply Chain business systems and tools. May be required to travel to various locations as needed. Indiana University Health is unlike any other healthcare system and we're looking for team members who share the things that matter most to us. IU Health leaders play a crucial role in advancing the mission of our organization and inspiring teams to make a meaningful difference in the lives of patients. As one of Indiana’s largest employers and the most comprehensive medical system in the state, our vision is to lead the transformation of healthcare through quality, innovation and education, and make Indiana one of the nation’s healthiest states. IU Health is the largest health system in Indiana with nearly 40,000 team members, 15 hospitals, and $8.64 billion in operating revenue. The system’s programs in cancer, cardiovascular, neuroscience, orthopedics, pediatrics and transplants have received national recognition for quality patient care. IU Health, in partnership with the Indiana University School of Medicine, bring together highly skilled physicians, researchers, and educators into close collaboration to provide world-class care for children and adults and improve the health of patients and communities across Indiana. Indiana University Health is dedicated to a fair hiring process and is committed to equal opportunity and nondiscrimination for all individuals, regardless of age, color, disability, ethnicity, marital status, national origin, race, religion, gender identity, expression, sexual orientation, or veteran status.

Requirements

Bachelor's degree required, preferably with a focus on healthcare management, business administration, supply chain management, or other analytical discipline.
5-7 years of healthcare experience in focus area or related field is required, or equivalent combination of years, skills, and experience.
Requires experience in project management, presentation development, analytics, customer service, contract management, navigating a complex organization, and obtaining buy-in for proposals.
Strong verbal, written, leadership, business acumen, strategic thinking, relationship building, collaboration, negotiation, data analysis, and project management skills are required.
Advanced working knowledge of Microsoft Excel, Word and PowerPoint software applications; statistical software applications experience preferred.
Must be proficient in the use of Supply Chain business systems and tools.
May be required to travel to various locations as needed.

Nice To Haves

CMRP certification is preferred.
Contract negotiation, sourcing strategy development, contract portfolio ownership, and contract lifecycle management experience preferred.
statistical software applications experience preferred.

Responsibilities

Responsible for the overall management of assigned contract portfolio categories, including development and implementation of category strategy in coordination with key stakeholders.
Leads strategic sourcing initiatives, typically resulting in negotiation of multi-million dollar contracts with local, national, or international corporations.
Ensures the best possible cost position through contract strategy development using market tools, supplier negotiations, product standardization, contract implementation, and contract performance review.
Assesses suppliers’ ability to support organization’s goals for achieving diversity and local spend targets.
Coordinates with clinical effectiveness councils and other clinical stakeholder groups by providing data relevant to given initiatives by product category.
Identifies and supports opportunities such as standardization, utilization and new emerging technologies related by category to the appropriate key stakeholders.
Coordinates new product, capital, purchase service and technology requests related to contract category.
Works under limited guidance on projects and problems of a complex nature using tools and independent judgment to make decisions, build relationships, serve as the product portfolio expert and ensure deliverables are met for assigned categories.
Provides guidance to assigned Portfolio Specialist.
Collaborates with group purchasing organization on strategy, benchmarking, and opportunities within their portfolio.
Responsible for the appropriate implementation and retrospective analysis of initiatives by category.
Owns supplier relationships with local, national, and international corporations on behalf of health system based on assigned categories, develops strategic plans, monitors vendor performance, and conducts business reviews.
Responsible for collaborating with system-wide operational leaders for approval.
Ensures alignment and acceptance of all contract terms by departmental stakeholders such as Legal, Finance, IIS, and Supply Chain Operations.
Performs other duties as assigned to support the overall strategy of supply chain and clinical effectiveness.