Sourcing and Contracts Specialist

JPS Health Network•Fort Worth, TX

3d•Onsite

About The Position

The Sourcing and Contracts Specialist leads procurement optimization by sourcing high-quality products and services at competitive prices while ensuring compliance with healthcare regulations and organizational policies. The position manages the contract life cycle, vendor relationships, contract negotiations, and strategic sourcing initiatives to improve cost efficiency and operational effectiveness across the health system. The role works with clinical and non-clinical stakeholders, internal departments, suppliers, and the Legal team to develop sourcing strategies, manage contracts, monitor supplier performance, mitigate risk, and identify procurement improvements. It also supports supplier diversity and ethical sourcing and prepares performance reports and dashboards. The listed duties are not exhaustive and may change; staff may be assigned other duties.

Requirements

Bachelor’s degree in Supply Chain Management, Business Administration, Healthcare Administration, or a related field.
Three years of experience in sourcing, procurement, or contracting.
Experience negotiating contracts for medical supplies, pharmaceuticals, equipment, and/or professional services; healthcare setting experience is preferred.

Nice To Haves

Experience in sourcing, procurement, or contracting within a healthcare setting.
Certified Materials & Resource Professional (CMRP).
Certifications in government procurement.
National or state certification, such as NCMA CCCM/CPCM or Texas Comptroller CTCD/CTCM.

Responsibilities

Identify and evaluate potential suppliers for medical and non-medical goods and services.
Conduct market research on industry trends, pricing, and emerging suppliers.
Provide subject-matter expertise on sourcing and contracts, including trends, regulatory requirements, and risk mitigation.
Collaborate with clinical and non-clinical stakeholders to understand sourcing needs and align them with organizational goals.
Develop and execute sourcing strategies to achieve cost savings and improve supply chain efficiency.
Negotiate contract terms, pricing, and service levels with vendors.
Draft, review, and manage contracts to ensure compliance with legal, regulatory, and organizational policies.
Collaborate with the Legal team to review contract terms and mitigate risks.
Monitor contract performance and vendor compliance and address issues as needed.
Maintain a contract database covering expiration dates, renewal options, and pricing agreements.
Build relationships with key suppliers to encourage collaboration and performance improvement.
Work with Finance, Legal, Clinical Operations, and other internal departments to align sourcing strategies with business objectives.
Conduct supplier performance evaluations and provide feedback to support continuous improvement.
Ensure sourcing and contracting activities comply with healthcare regulations and standards, including HIPAA, FDA, and Joint Commission standards.
Support supplier diversity initiatives and ethical sourcing practices.
Mitigate supply chain risks by developing contingency plans and alternative sourcing options.
Analyze procurement data to identify cost-saving opportunities and efficiency improvements.
Prepare reports and dashboards on sourcing performance, contract spend, and supplier metrics.
Use data-driven insights to optimize procurement strategies and decision-making.
Design and deliver training for internal stakeholders on sourcing strategies, contract compliance, and procurement tools, as applicable.
Perform other duties as assigned.