Director Strategic Sourcing and Contracting

About the role

The Director Strategic Sourcing and Contracting will contribute to the overall success of the organization by driving strategic sourcing initiatives to optimize costs and enhance the efficiency of sourcing and contracting operations.

Responsibilities

• Develop and implement the strategic sourcing strategy for direct spend categories (Medical/Surgical, Laboratory, Heart & Vascular, Periop, etc.) in alignment with organizational mission, values, and goals.
• Lead cross-functional teams to drive cost savings, quality improvements, and innovation in the procurement process.
• Represent supply chain on relevant service line committees.
• Direct multiple projects and tasks in a fast-paced environment.
• Keep contracting details up to date in the Contract Lifecycle Management System (as applicable).
• Cultivate and maintain strong relationships with key suppliers to ensure reliability, quality, and cost-effectiveness of direct spend goods and services.
• Collaborate with suppliers through regularly scheduled business reviews and other means to drive continuous improvement, innovation, and risk mitigation strategies.
• Collaborate with and manage outsourced third-party arrangements (consultants & GPO’s).
• Negotiate contracts, terms, and conditions with suppliers to achieve favorable agreements while mitigating risks.
• Ensure compliance with contract terms and manage contract lifecycle, including renewals, amendments, and terminations.
• Ensure audits of vendor invoices are completed to monitor billing compliance.
• Stay informed about market trends, industry benchmarks, and regulatory changes affecting direct spend categories in the healthcare sector.
• Conduct thorough market analysis to identify opportunities for cost reduction and process optimization.
• Cross-Functional Collaboration: Collaborate with internal stakeholders, including finance, operations, legal, and clinical teams, to understand their direct spend needs and service level requirements.
• Ensure alignment of sourcing strategies with organizational goals and objectives.
• Facilitate conversations with internal team during project kick-off to gather feedback, requirements, and alignment of resource needs to meet contracting initiative timelines.
• Communicate bid process, negotiation status, agreement on terms, financial proposal concerns and other matters with supplier and internal team.
• Evaluate and enhance procurement processes to increase efficiency and streamline operations.
• Implement best practices in strategic sourcing and contribute to the development of procurement policies.
• Develop and monitor key performance indicators (KPIs) to measure the success and impact of sourcing initiatives as well as the sourcing and contracting processes.
• Prepare regular reports for senior management, highlighting achievements, challenges, and areas for improvement.

Qualifications

• Bachelor's degree in Business, Supply Chain Management, or related field - Required
• MBA or relevant advanced degree - Preferred
• Proven experience in strategic sourcing, procurement, and supplier relationship management within the healthcare industry - Required
• Strong negotiation skills and a track record of achieving cost savings and process improvements. - Required
• In-depth knowledge of healthcare supply chain processes, regulations, and best practices - Required
• Excellent communication, leadership, and interpersonal - Required
• Ability to collaborate with diverse teams and manage multiple projects simultaneously - Required
• Ability to travel up to 50% - Required

Benefits

HealthTrust offers a total rewards package that supports the health, life, career and retirement of our colleagues. The available plans and programs include:

• Comprehensive benefits for medical, prescription drug, dental, vision, behavioral health and telemedicine services
• Wellbeing support, including free counseling and referral services
• Time away from work programs for paid time off, paid family leave, long- and short-term disability coverage and leaves of absence
• Savings and retirement resources, including a 401(k) Plan with a 100% match on 3% to 9% of pay (based on years of service), Employee Stock Purchase Plan, flexible spending accounts, preferred banking partnerships, retirement readiness tools, rollover support and financial wellbeing counseling
• Education support through tuition assistance, student loan assistance, certification support, dependent scholarships and a partnership with Galen College of Nursing
• Additional benefits for fertility and family building, adoption assistance, life insurance, supplemental health protection plans, auto and home insurance, legal counseling, identity theft protection and consumer discounts

Pay

Commensurate with experience.

Schedule

Varies based on business needs.