Director Strategic Sourcing and Contracting Job Northern Kentucky USA,Business

This position is incentive eligible.

Do you want to join an organization that invests in you as a Director Strategic Sourcing and Contracting? At Health Trust, you come first. HCA Healthcare has committed up to $300 million in programs to support our incredible team members over the course of three years.

Job Summary And Qualifications

The Director Strategic Sourcing and Contracting will contribute to the overall success of the organization by driving strategic sourcing initiatives to optimize costs and enhance the efficiency of sourcing and contracting operations. Success in this position requires knowledge of the industry, processes, suppliers, and contract terms/conditions, and the use of standard practices and policies in analyzing situations and data. This individual will collaborate with cross-functional SMEs to ensure alignment with financial, clinical, and operational objectives, validate savings outcomes, and oversee contract governance and execution.

The Director will lead supplier engagement and negotiation processes, including RFP development, bid evaluation, and final strategy, while ensuring visibility to progress, challenges, and key decisions.

What you will do in this role includes:

Develop and implement the strategic sourcing strategy for direct spend categories (Medical/Surgical, Laboratory, Heart & Vascular, Periop, etc.) in alignment with organizational mission, values, and goals.
Lead cross-functional teams to drive cost savings, quality improvements, and innovation in the procurement process.
Represent supply chain on relevant service line committees
Direct multiple projects and tasks in a fast-paced environment
Ensure consistency in strategic sourcing processes including market research, strategy development, RFI/RFP/Bid preparation, contract negotiations, gaining consensus on award decisions, and launching the contracts
Develop and maintain the contracting work plan. Keep contracting details up to date in the Contract Lifecycle Management System (as applicable).

Supplier Relationship Management:

Cultivate and maintain strong relationships with key suppliers to ensure reliability, quality, and cost-effectiveness of direct spend goods and services.
Collaborate with suppliers through regularly scheduled business reviews and other means to drive continuous improvement, innovation, and risk mitigation strategies

Contract Negotiation and Management:

Collaborate with and manage outsourced third-party arrangements (consultants & GPO’s).
Negotiate contracts, terms, and conditions with suppliers to achieve favorable agreements while mitigating risks
Ensure compliance with contract terms and manage contract lifecycle, including renewals, amendments, and terminations
Ensure audits of vendor invoices are completed to monitor billing compliance

Market Analysis and Benchmarking:

Stay informed about market trends, industry benchmarks, and regulatory changes affecting direct spend categories in the healthcare sector
Conduct thorough market analysis to identify opportunities for cost reduction and process optimization.

Cross-Functional Collaboration:

Collaborate with internal stakeholders, including finance, operations, legal, and clinical teams, to understand their direct spend needs and service level requirements
Ensure alignment of sourcing strategies with organizational goals and objectives.
Facilitate conversations with internal team during project kick-off to gather feedback, requirements, and alignment of resource needs to meet contracting initiative timelines
Communicate bid process, negotiation status, agreement on terms, financial proposal concerns and other matters with supplier and internal team.

Process Optimization:

Evaluate and enhance procurement processes to increase efficiency and…