Strategic Sourcing Specialist III - Healthcare Procurement

Geisinger; Pennsylvania; Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Full benefits

Tuition reimbursement

PTO

Wellness program

Adoption assistance

Military leave pay

Job summary

Geisinger is seeking a Strategic Sourcing Specialist III to drive value across healthcare service lines via strategic sourcing initiatives. You will collaborate with clinical and operational leaders to optimize product and service selection, standardization, and utilization, ensuring timely availability and cost efficiency to meet patient care needs.

The role emphasizes data-driven analyses, market benchmarking, and contract management, with opportunities to influence multi-million-dollar

Qualifications

• Bachelor's degree required.
• Minimum of 4 years of related work experience in strategic sourcing, procurement, or supply chain management.
• Ability to work independently and collaboratively in a team environment.

Responsibilities

• Identify and implement value opportunities in supply chain to reduce total cost of ownership.
• Lead supplier negotiations and develop favorable contract terms.
• Conduct bid solicitations and ensure open, fair procurement processes.
• Monitor contract performance and savings pipeline to ensure value delivery.

Skills

Critical Thinking

Information Technology Project Mgmt

Leads Others

Working Independently

Education

Bachelor's Degree

Job description

Location: Work from home (Pennsylvania) Shift: Days (United States of America) Scheduled Weekly Hours: 40 Worker Type: Regular Exemption Status: Yes

Job Summary: The Sourcing Specialist III works independently and strategically to identify, project plan, implement and monitor supply chain expense or utilization opportunities to optimize total organizational expenses. As part of the Sourcing team, works collaboratively with clinical and operational leadership in a team-based environment to optimize the selection, standardization and utilization of product and services for the organization. In addition, this position has operational responsibility in collaboration with Supply Chain subdivisions to ensure that product and services are priced accurately, available timely, carried in the appropriate quantities and locations, and delivered in the most efficient manner to meet patient care needs.

Job Duties: With a keen understanding of key business and market drivers, conducts advanced analytics and scenario-based outcome assessments to best inform business operations as to potential Total Cost of Ownership impact a category change may result in. Optimizes product and service expense and pricing and action the pipeline assigned to generate value opportunities through supply market analysis, value analysis, benchmarking, and utilization assessment. Conducts competitive analysis and bidding, independently develops, and executes negotiation strategies with suppliers and implements required contractual agreements for assigned product and service categories. Evaluates all contractual agreements, proposals, and negotiates commercial terms, inclusive of business risk and adherence to guidelines established. Post contract execution monitoring assigned portfolio expenses to ensure category/contract compliance, where applicable, enacting a semi-annual pipeline of savings of opportunities based on renegotiation, Request for Proposal, consolidation of current spends, assisting customers with procurement of non- savings related needs, adoption of best-in-class technology to perform contract management, e-sourcing, etc. Ensures accuracy, data integrity, and validity in all work. Performs in depth analysis on each assigned request to ensure all financial comparisons are accurate and thorough so that a comprehensive value-based decision can be made by the business. Facilitate Value Analysis meetings, as required. Independently develops complex bid solicitations, proposal review and vendor negotiations to optimize contractual terms including, but not limited to pricing. Ensures all bidding activity within the category is conducted in an open, fair and transparent procurement process (may include RFI, RFP, etc.) that delivers best value with integrity and meets all ethical standards. Demonstrates the ability to independently persuade, influence and negotiate multi-million-dollar contracts with vendor(s) to meet the organization’s strategic objectives. Identifies stakeholders, suppliers, team members and other vendor organizations and builds and maintains the appropriate relationship in alignment with a segmented supply strategy and builds a supplier performance management process. Adheres to a disciplined application of standard work including standard operating procedures, tools, etc. to achieve objectives and final deliverables within a finite timescale and budget. Work is typically performed in an office environment. Accountable for satisfying all job specific obligations and complying with all organization policies and procedures. The specific statements in this profile are not intended to be all-inclusive. They represent typical elements considered necessary to successfully perform the job.

Position Details:

Shape the Future of Healthcare Through Strategic Sourcing Excellence! Join a team that drives strategic sourcing initiatives across critical healthcare service lines, including Surgery, OR, Cardiology, Cath Lab, Urology, CSR, Perfusion, and Perioperative Services. As a Strategic Sourcing Specialist III, you'll play a pivotal role in optimizing supply chain performance, influencing business decisions, and delivering value that supports exceptional patient care across the health system.

Work location: Remote/ Work from home Hours: Full time, day shift Required Experience: Minimum of four (4) years of experience in Strategic Sourcing, Procurement, Supply Chain Management, Direct Sourcing, Contract Management, Category Management, or a related business discipline. Travel : Yearly on-site system meeting

Why Join Geisinger?

Geisinger cares about not only its patients and members but also about you and your family. We offer a competitive compensation and benefits package to ensure that you and your loved ones can maintain good health, achieve financial stability, and excel both personally and professionally. We believe in creating a diverse and inclusive environment where all employees can be their authentic selves.

To learn more: https://jobs.geisinger.org/diversity

Benefits of working at Geisinger:

• Full benefits (health, dental and vision) starting on day one
• Three medical plan choices, including an expanded network for out-of-area employees and dependents
• Pre-tax savings plans with healthcare and dependent care flexible spending accounts (FSA) and a health savings account (HSA)
• Company-paid life insurance, short-term disability, and long-term disability coverage
• 401(k) plan that includes automatic Geisinger contributions
• Generous paid time off (PTO) plan that allows you to accrue time quickly
• Up to $5,000 in tuition reimbursement per calendar year
• MyHealth Rewards wellness program to improve your health while earning a financial incentive
• Family-friendly support including adoption and fertility assistance, parental leave pay, military leave pay and a free Care.com membership with discounted backup care for your loved ones
• Employee Assistance Program (EAP): Referrals for childcare, eldercare, & pet care. Access free legal guidance, mental health visits, work-life support, digital self-help tools and more.
• Voluntary benefits including accident, critical illness, hospital indemnity insurance, identity theft protection, universal life and pet and legal insurance

Education:

Bachelor's Degree - (Required)

Experience:

Minimum of 4 years-Related work experience (Required)

Skills:

Critical Thinking, Information Technology Project Management, Leads Others, Working Independently

OUR PURPOSE & VALUES:

Everything we do is about caring for our patients, our members, our students, our Geisinger family and our communities.

KINDNESS: We strive to treat everyone as we would hope to be treated ourselves.

EXCELLENCE: We treasure colleagues who humbly strive for excellence.

LEARNING: We share our knowledge with the best and brightest to better prepare the caregivers for tomorrow.

INNOVATION: We constantly seek new and better ways to care for our patients, our members, our community, and the nation.

SAFETY: We provide a safe environment for our patients and members and the Geisinger family.

We offer healthcare benefits for full time and part time positions from day one, including vision, dental and domestic partners. Perhaps just as important, we encourage an atmosphere of collaboration, cooperation and collegiality.

Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.

Geisinger is an affirmative action, Equal Opportunity Employer. Women and Minorities are Encouraged to Apply. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of disability or their protected veteran status.

For more information, visit www.geisinger.org, or connect with us on Facebook, Instagram, LinkedIn and Twitter.

* Does not qualify for J-1 waiver.