Clinical Product Sourcing Analyst

Role Summary

The Clinical Product Sourcing Analyst supports strategic sourcing initiatives across clinical product categories, including medical–surgical supplies, physician preference items, implants, pharmacy‑related products, and clinical equipment. This role executes sourcing analytics, supports competitive sourcing events, evaluates supplier proposals, and assists contract and savings documentation for hospital and health system customers. The analyst partners with Category Managers and Directors to ensure sourcing decisions are data‑driven, compliant, and aligned with clinical, financial, and operational objectives.

The Analyst III operates with moderate autonomy, applying healthcare supply chain expertise and structured sourcing methodologies to support cost reduction, supplier optimization, and supply continuity initiatives. The anticipated salary range for this position is $100,000-$110,000 USD Annual.

• Perform clinical spend analysis to identify sourcing, standardization, and cost reduction opportunities across assigned product categories.
• Prepare pricing comparisons, utilization analyses, supplier benchmarking, and market basket analyses to support category strategies and identify savings opportunities.
• Support baseline development and savings calculations, including tracking actual vs. expected savings in accordance with value capture standards.
• Analyze distributor, manufacturer, GPO, PO, and AP data to identify pricing variability, cost above average, inflation impacts, SKU proliferation, and contract compliance gaps.
• Conduct opportunity analysis at the contract and category level, including identification of savings opportunities from sourcing events and RFP responses.
• Support clinical sourcing events (RFIs, RFQs, RFPs) by preparing bid structures, supplier lists, evaluation scorecards, and analysis templates.
• Evaluate supplier responses for pricing, service levels, clinical equivalency, and contractual terms, including identification of savings proposals and optimization opportunities.
• Assist Category Managers in developing negotiation scenarios, cost models, and trade‑off analyses.
• Document sourcing recommendations and prepare materials for stakeholder and clinical review discussions.
• Support supplier evaluations, product conversions, performance reviews, and risk assessments.
• Assist with contract documentation, pricing validation, and alignment to sourcing awards.
• Support contract compliance analytics, including product identification, categorization, and tracking adherence to negotiated terms.
• Partner with contract stewards and legal teams to ensure sourcing outcomes align with governance standards.
• Maintain sourcing documentation, audit trails, and supporting analyses.
• Develop and leverage analytics and dashboards (e.g., Palantir) to deliver insights across pricing, inventory, and sourcing performance.
• Support development and enhancement of AI/ML‑driven analytics models, including inventory intelligence and recommendation engines.
• Contribute to data architecture and ontology design to ensure analytics platforms meet business and sourcing needs.
• Define and validate analytical requirements for financial components such as rebates, fees, and savings tracking.
• Identify opportunities to improve data quality, analytical methodologies, and sourcing efficiency through advanced analytics and automation.
• Utilize sourcing and procurement systems (e.g., Coupa, SAP, Palantir) to manage sourcing events, analytics, and pricing data.
• Maintain data accuracy and consistency across sourcing tools, analytics platforms, and reporting outputs.
• Follow standardized sourcing processes to ensure repeatability, auditability, and high‑quality outputs.

Supports sourcing initiatives typically covering $25M–$100M+ in clinical spend. Operates independently on defined analytical and sourcing work streams. Provides recommendations but does not hold final supplier selection or negotiation authority.

• Bachelor’s degree in Business, Supply Chain, Healthcare Administration, Finance, or a related discipline.
• 4+ years of experience in sourcing, procurement, supply chain…