Strategic Sourcing Specialist III - Healthcare Procurement

• 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.

Qualifications:

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