Vice President, Strategic Sourcing Partnerships

Posted:
12/10/2024, 10:51:41 PM

Location(s):
Irving, Texas, United States ⋅ Texas, United States

Experience Level(s):
Expert or higher

Field(s):
Business & Strategy

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 serve as the overall engagement leader with oversight of all strategic and operational functions of one of Vizient’s strategic GPO partnership relationships (aggregation group). You will be accountable for delivering a best-in-class spend management program that results is significant value to the participants and stakeholders. As the engagement leader, you will have oversight of the spend management delivery, sourcing, contracting, analytics, operations, member and stakeholder satisfaction, growth, recruitment of new members, interface with c-suite executives, and managing the measurement and reporting of the program success. You will report to the SVP of Strategic Sourcing Partnerships at Vizient.


Responsibilities:


•    Lead the overarching strategy and execution of strategic objectives and goals for the GPO Partnership/aggregation group. 
•    Work in close collaboration with the group’s executive leadership team and gain their support, confidence, and trust.  
•    Develop an overarching strategy for engagement execution, considering goals, capabilities, and competencies of each workstream and all related dependencies.
•    Plan and leads quality execution of Spend Management domain engagements; manages overall engagement P&L and scope.
•    Accountable for delivering against financial guarantees, savings targets, and membership growth objectives for the holistic engagement.
•    Craft and deliver influential communications on multi-dimensions with clarity, confidence, and persuasion to senior executive-level audiences, both within Vizient and with the group’s executive leadership team.
•    In close collaboration with the group’s executive team, the engagement leader ensures that the member governance structure is optimized to drive initiatives forward through implementation and signoff.  
•    Lead a dynamic cross-matrix staffing model and strategically leverages subject matter experts, programs, and tools to meet all program commitments.
•    Facilitate stakeholder calls/meetings and Member signoffs on critical milestones and activities.
•    Lead internal Vizient team calls to align individual workstreams and oversees tracking of key performance indicators for the engagement (i.e., savings tracking).
•    Work with Spend Management Sub-Domain leaders to assign team members to complete the elements of the project, and ensure communication regarding roles, responsibilities, and expectations.
•    Develop and track project/team performance through quantitative and qualitative measures of value, outcome, velocity, morale, and satisfaction. Proactively communicates potential issues to internal and external stakeholders.
•    Ensure that the applicable deliverables pertaining to the Statement(s) of Work with Service Providers are achieved.
•    Communicate with internal and external stakeholders proactively and effectively, to ensure the appropriate level of communication and visibility is achieved in a timely manner.
•    Build relationships with the group’s executive leadership and team, Members, and Vizient team to ensure successful delivery and high satisfaction with Vizient.
•    Work with Spend Management leaders to ensure strategic alignment and strong coordination throughout implementation of the engagement.
•    Collaborate with a wide variety of functional areas—legal, finance, marketing, spend management, sales, information and data services, and operations—to develop solutions and approaches that will increase utilization, savings/value, and growth for member organizations.
•    Lead by influence while fostering a culture of accountability, professional development, high-performance, and ethical behavior.
•    Drive the growth of the program and strategic alignment with other Vizient offerings working in close collaboration with the Vizient spend management team.
•    Manage revenue and expenses to ensure positive performance against established revenue and cost forecasts and develop strategies to mitigate any risk to these financial goals. Meets all financial obligations and manages the P&L for the program.
•    Observe market and technology trends, apply in-depth health care industry knowledge, and leads practices to innovate solutions to ensure that the program is best in class.


Qualifications:


•    Relevant degree preferred. Master's degree in healthcare administration, business administration or a closely related field desired.
•    10 or more years of relevant healthcare experience including at least 5 years at the leadership level required.
•    Significant strategic experience working within a supplier, hospital setting, hospital system, or association required.
•    Experience directing strategic planning, business planning and/or other organizational development activities.
•    Demonstrated management skills that include making effective and efficient decisions and prudent judgment to achieve long-range and short-term goals.
•    Demonstrate a high level of business acumen including successful P&L management.
•    Promotes and preserves the Vizient culture both within the team and in communications with other teams—projecting a strong work ethic, helpfulness, compassion, integrity, and character.
•    Possesses a leadership approach that is visionary, proactive, and politically savvy.
•    Proven ability to work positively with a wide range of individuals and groups that includes having excellent consensus building and conflict resolution skills.
•    The ability to lead by inspiring, influencing, and motivating others to encourage growth.

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 $187,800.00 to $328,600.00.

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.