Sr Sourcing Executive, Vizient Reserve (Healthcare)

Vizient; Irving (TX); Hybrid; USD 89,000 - 156,000; Full time

Benefits offered by this job

Benefits package

Job summary

Vizient in Irving, TX seeks a seasoned contract strategist to develop customized contract strategies for complex contracting needs and to lead negotiations with clients and suppliers. You will analyze cost data and identify savings opportunities while collaborating across teams to ensure client goals are met.

The role is hybrid with three days in the office (Irving, TX) and occasional travel. A Bachelor’s degree and 5+ years in Healthcare/Pharmacy are preferred, with a current salary range

Qualifications

• Relevant degree 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.
• Proficiency in Microsoft Office and Advanced Excel.

Responsibilities

• Develop customized contract strategies and recommendations for complex contracting needs, including physician & 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 advance 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.

Skills

Drafting contracts

Negotiation leadership

Analytical thinking

Financial analysis

Presentation skills

Communication

Multitasking

Problem solving

Education

Bachelor's degree in Business/Healthcare Administration/Legal Studies

Tools

Microsoft Office

Advanced Excel

Job description

Excited to grow your career?

We value our talented employees and instill an environment where you feel engaged, satisfied and able to contribute your unique skills and talents while living and working as your authentic self. We provide extensive opportunities for personal and professional development, building employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.

Our people make all the difference in our success.

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 advance 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.

Career Framework:

Professional - Senior Associate (P3)

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