Senior Sourcing Executive

Vizient•Oklahoma City, OK

About The Position

When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves . We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future. Summary: In this role, you will be a senior strategic sourcing resource, providing best in class sourcing and contracting strategies focused on delivering and optimizing provider value. You will accomplish this by leading and facilitating all aspects of strategic sourcing processes including developing and executing a robust work plan and roadmap of opportunities, strategy building, contract development, negotiations, communications, documentation, and implementation. You will develop a provider-specific contract strategy to reduce spending and develop savings and service solutions, improve terms and conditions, identify new value propositions, maximize delivered value/operational efficiencies, and ultimately achieve a higher level of member satisfaction by becoming a trusted adviser.

Requirements

Relevant degree preferred.
5 or more years of relevant experience required.
Clinical experience in Medical/Surgical supervision, operations, or education in a provider setting highly preferred.
Experience with contracts, vendors, and healthcare supply chain budget preferred.
Strong healthcare contracting background with experience in successful contract negotiations preferred.
Intermediate to expert experience with Excel and Docusign preferred.
Experience with Oracle a plus.

Responsibilities

Evaluate client spend data to prioritize implementation of contracts based on highest savings opportunities and present a work plan of priority to provider and Vizient teammates.
Collaborate with provider and Vizient colleagues to enhance existing Vizient national agreements and create custom agreements on behalf of the provider.
Conduct and interpret financial analysis, market trends, and consult with subject matter experts to formulate contract strategy recommendations.
Conduct ongoing price monitoring and contract maintenance utilizing Vizient analytical tools and external sources to review existing agreement market relevance and pricing for negotiations.
Work with provider and Vizient teammates to identify new savings and contracting opportunities.
Identify gaps in contracting portfolio to ensure realization of engagement value.
Conduct meetings and communicate opportunities, next steps, successes, and challenges to Vizient leadership and key provider stakeholders.
Develop, maintain, and mentor others to create strong relationships with suppliers, and internal and external customers across all product and service lines.
Lead the bid process and generate Request for Proposals (RFP’s).
Based on provider input, work with suppliers on specific terms and conditions and pricing to achieve market relevant value.