Sr Sourcing Executive, Vizient Reserve (Healthcare)

Vizient; Chicago (IL); Hybrid; USD 89,000 - 156,000; Full time

Job summary

Vizient is seeking an experienced Contracts professional to develop customized strategies for complex contracting needs, including physician and clinical preferences, purchased services and capital. You will lead negotiations with legal, clients, and suppliers, prepare RFPs, and collaborate with stakeholders to craft agreements that meet business objectives.

The role requires strong negotiation, analytical, and Excel skills, with a hybrid work model (three days in the office) across office

Qualifications

• Degree in business, supply chain, legal studies or healthcare administration preferred.
• 5+ years in healthcare, clinical or pharmacy.
• Expertise in drafting, redlining, and negotiating complex terms.
• Proven ability to lead complex negotiations.
• Strong analytical, financial, and problem-solving abilities.
• Exceptional verbal communication and presentation skills.

Responsibilities

• Develop contract strategies for complex contracting needs.
• Lead negotiations with legal, clients, and suppliers.
• Prepare RFPs to evaluate options and develop contracting recommendations.
• Collaborate with clients to develop contracts addressing requirements.
• Identify cost-saving initiatives for large client accounts and projects.
• Analyze cost and utilization data to identify savings opportunities.
• Monitor contract compliance to support cost savings and program objectives.
• Support supplier relationships through cross-references and in-services.
• Develop and deliver communications to convey recommendations and results.
• Guide team members and engage senior leaders as needed.

Skills

Negotiation

Analytical thinking

Communication skills

Excel

Education

Relevant degree

Tools

Microsoft Office

Excel

Job description

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 develop customized contract strategies for complex contracting needs, including physician preference, clinical preference, purchased services, and capital, to reduce spend, improve operational efficiencies, and maximize value for clients. You will independently lead complex contracting activities, analyze opportunities, collaborate with clients and suppliers, and develop recommendations that support cost savings and business objectives. You may also provide guidance to other team members.

Responsibilities

• Develop customized contract strategies and recommendations for complex contracting needs, including physician preference, clinical preference, purchased services, and capital.
• Lead negotiations with legal, clients, and suppliers to establish contract terms and conditions, build consensus, and execute agreements that meet business objectives.
• Prepare and analyze requests for proposals to evaluate options and develop contracting recommendations.
• Collaborate with internal and external clients to develop contracts that address specific requirements and complex sourcing needs.
• Identify and recommend cost‑saving initiatives for large or complex client accounts and projects using advanced knowledge of client and supplier needs.
• Analyze and interpret cost and utilization data to identify savings opportunities, recommend process improvements, and engage analytical resources as needed.
• Monitor contract compliance with terms and conditions to support achievement of anticipated cost savings and program objectives.
• Support supplier relationships by coordinating product cross‑references, in‑services, trials, and resolution of product‑related issues.
• Develop and deliver communication strategies that effectively convey recommendations, successes, opportunities, and challenges to clients and other audiences.
• Build and maintain strong relationships with internal and external clients, including supporting engagement with senior leaders and providing guidance to team members as needed.

Qualifications

• Relevant degree preferred. Business, Supply Chain, Legal Studies, Healthcare Administration, or related field preferred.
• 5 or more years of experience in Healthcare, Clinical or Pharmacy.
• Expertise in drafting, redlining, and negotiating complex terms and conditions.
• Proven ability to lead complex negotiations.
• Strong analytical, financial, and problem‑solving abilities.
• Exceptional verbal communication and presentation skills, which are critical for facilitating supplier discussions, clearly articulating contract changes, and ensuring alignment among internal stakeholders and clients throughout the sourcing and negotiation process.
• Proficiency in Microsoft Office. Advanced Excel experience.
• Ability to manage multiple priorities in a fast‑paced, matrixed environment.
• This role follows a hybrid work model, requiring three days per week in the office. Office locations include Irving, TX; Chicago, IL; and Centennial, CO.
• Willingness to travel.

Estimated Hiring Range

At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances.

The current salary range for this role is $88,900.00 to $155,500.00.

This position is also incentive eligible.

Vizient has a comprehensive benefits plan! Please view our benefits here: http://www.vizientinc.com/about-us/careers

Equal Opportunity Employer: Females/Minorities/Veterans/Individuals with Disabilities

The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.