Strategic Sourcing and Value Analysis Program Manager

FMOLHS Career Portal

Baton Rouge (LA)

On-site

USD 80,000 - 95,000

Full time

14 days+

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Job summary

A healthcare organization in Baton Rouge is seeking a Strategic Sourcing and Value Analysis Program Manager to optimize supply value, manage vendor relationships, and engage stakeholders. The ideal candidate will have 5 years of experience in strategic sourcing or related fields and a Bachelor's Degree. This full-time position offers a collaborative work environment focused on improving patient outcomes and reducing costs.

Qualifications

5 years in strategic sourcing, procurement, or project management experience.
Bachelor's degree or combination of education and relevant experience.

Responsibilities

Drive best value for supplies and purchased services.
Lead system-wide value analysis teams.
Conduct business reviews with key vendors.

Skills

Strategic sourcing

Negotiation

Vendor management

Data analysis

Education

Bachelor's Degree or relevant experience

Job description

Strategic Sourcing and Value Analysis Program Manager

The Strategic Sourcing and Value Analysis Program Manager is responsible for driving the best triple aim value for supplies and services by leading change with their stakeholders and by actively negotiating with vendors. The best value is based on optimizing our triple aim goals of patient experience, quality outcomes, and total cost. This is accomplished by using data to lead stakeholders from senior executives/physicians to department leaders through an engaging, collaborative process. For their given subject matter area, each Strategic Sourcing/Value Analysis Program Manager will be responsible for the performance and maintenance of their contract portfolio.

Responsibilities

Drive best value for supplies and purchased services

Explicitly consider and optimize the triple aim goals of improved patient experience, improved quality outcomes, and reduced total cost
- Patient experience example metrics are inpatient days avoided, pain score improvement, speed to diagnosis, etc
- Quality outcomes example metrics are infections prevented, readmissions avoided, patient falls avoided, etc
- Total cost includes both the “fully-landed” bedside cost to use and utilization of the supply or service over that life of the product or service
Pursue standardization to reduce variation and drive value
Monitor and maintain/improve GPO contract compliance to deliver sustainable value over time
Respond to market, supply, and service disruption by engaging end users and suppliers for acceptable alternate products and services

Lead change in the product/service category

Lead system-wide value analysis team(s) in the area of expertise
Engage and lead organization (senior leaders, physicians, clinicians, department leaders) through a structured product evaluation and conversion process by collaborating with the various stakeholders
Responsible lifecycle of contracts in the subject matter area
- Initiation, implementation including Oracle item management, and timely renewal or termination
- Contract monitoring to ensure value is realized
Conduct business reviews with key vendors to ensure both goal alignment and vendor performance

Actively negotiate with vendors

Understand, engage, and align internal stakeholders in preparation of vendor negotiation
Identify best alternative(s) to a negotiation agreement (BATNA) prior to negotiation to establish both boundaries and options
Use both internal and external benchmarking (where available) to drive data driven negotiations

Qualifications

5 years Strategic sourcing, procurement, value analysis, or project/program management

Bachelor's Degree OR combination of education and relevant experience (4 additional years if only HS Diploma)