Strategic Sourcing Specialist III – Healthcare Procurement
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Job Description
Strategic sourcing specialist optimizing procurement, contracts, and supply chain value across Geisinger’s healthcare service lines. Supporting efficient patient care through analytics, bidding, and supplier negotiations.
Responsibilities:
- Identify, project plan, implement, and monitor supply chain expense or utilization opportunities
- Optimize selection, standardization, and utilization of products and services
- Ensure products and services are accurately priced, timely available, appropriately stocked, and efficiently delivered
- Conduct advanced analytics and scenario-based outcome assessments
- Optimize product and service expense and pricing through supply market analysis, value analysis, benchmarking, and utilization assessment
- Conduct competitive analysis and bidding for assigned categories
- Develop and execute supplier negotiation strategies
- Implement contractual agreements for assigned product and service categories
- Evaluate contractual agreements, proposals, commercial terms, business risk, and adherence to guidelines
- Monitor portfolio expenses after contract execution for category and contract compliance
- Develop a semi-annual savings opportunity pipeline through renegotiation, RFPs, spend consolidation, procurement support, technology adoption, and e-sourcing
- Perform in-depth financial analysis to support comprehensive value-based decisions
- Facilitate Value Analysis meetings as required
- Develop complex bid solicitations, review proposals, and negotiate vendor contracts
- Ensure bidding follows an open, fair, transparent, ethical procurement process
- Influence and negotiate multi-million-dollar contracts to meet strategic objectives
- Identify and maintain relationships with stakeholders, suppliers, team members, and vendor organizations
- Build supplier performance management processes
- Apply standard work, procedures, and tools to achieve objectives and deliverables within time and budget constraints
- Collaborate with clinical and operational leadership and Supply Chain subdivisions to support patient care needs
Requirements:
- Bachelor's Degree (Required)
- 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
- Critical Thinking
- Information Technology Project Management
- Leads Others
- Working Independently
- Ability to conduct advanced analytics and scenario-based outcome assessments
- Experience with supply market analysis, value analysis, benchmarking, and utilization assessment
- Ability to conduct competitive analysis and bidding
- Ability to develop and execute supplier negotiation strategies
- Ability to evaluate contractual agreements, proposals, commercial terms, business risk, and guideline adherence
- Ability to ensure data accuracy, integrity, and validity
- Ability to facilitate Value Analysis meetings
- Ability to develop complex bid solicitations and review proposals
- Ability to negotiate multi-million-dollar vendor contracts
- Ability to build supplier relationships and establish supplier performance management processes
- Ability to travel for a yearly on-site system meeting
Benefits:
- 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 healthcare and dependent care flexible spending accounts (FSA)
- Health savings account (HSA)
- Company-paid life insurance
- Short-term disability coverage
- Long-term disability coverage
- 401(k) plan with automatic Geisinger contributions
- Generous paid time off (PTO) plan
- Up to $5,000 in tuition reimbursement per calendar year
- MyHealth Rewards wellness program with a financial incentive
- Adoption and fertility assistance
- Parental leave pay
- Military leave pay
- Free Care.com membership with discounted backup care
- Employee Assistance Program (EAP), including childcare, eldercare, pet care, legal guidance, mental health visits, work-life support, and digital self-help tools
- Voluntary accident, critical illness, hospital indemnity, identity theft protection, universal life, pet, and legal insurance
- Healthcare benefits for full-time and part-time positions from day one, including vision, dental, and domestic partners
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