Contract Portfolio Manager

6 days ago

Plainfield, New Jersey, United States Indiana University Health Full time
About the Role

We are seeking a highly skilled Portfolio Contract Manager to join our Strategic Sourcing team at Indiana University Health. As a key member of our team, you will be responsible for the overall management of assigned contract portfolio categories, including development and implementation of category strategy in coordination with key stakeholders.

Key Responsibilities
  • Lead strategic sourcing initiatives, resulting in negotiation of multi-million dollar contracts with local, national, or international corporations.
  • Ensure the best possible cost position through contract strategy development using market tools, supplier negotiations, product standardization, contract implementation, and contract performance review.
  • Assess suppliers' ability to support organization's goals for achieving diversity and local spend targets.
  • Coordinate with clinical effectiveness councils and other clinical stakeholder groups by providing data relevant to given initiatives by product category.
  • Identify and support opportunities such as standardization, utilization and new emerging technologies related by category to the appropriate key stakeholders.
  • Coordinate new product, capital, purchase service and technology requests related to contract category.
  • Work under limited guidance on projects and problems of a complex nature using tools and independent judgment to make decisions, build relationships, serve as the product portfolio expert and ensure deliverables are met for assigned categories.
  • Provide guidance to assigned Portfolio Specialist.
  • Collaborate with group purchasing organization on strategy, benchmarking, and opportunities within their portfolio.
  • Responsible for the appropriate implementation and retrospective analysis of initiatives by category.
  • Own supplier relationships with local, national, and international corporations on behalf of health system based on assigned categories, develops strategic plans, monitors vendor performance, and conducts business reviews.
  • Responsible for collaborating with system-wide operational leaders for approval.
  • Ensure alignment and acceptance of all contract terms by departmental stakeholders such as Legal, Finance, IIS, and Supply Chain Operations.
Requirements
  • Bachelor's degree required, preferably with a focus on healthcare management, business administration, supply chain management, or other analytical discipline.
  • CMRP certification is preferred.
  • 5-7 years of healthcare experience in focus area or related field is required, or equivalent combination of years, skills, and experience.
  • Requires experience in project management, presentation development, analytics, customer service, contract management, navigating a complex organization, and obtaining buy-in for proposals.
  • Contract negotiation, sourcing strategy development, contract portfolio ownership, and contract lifecycle management experience preferred.
  • Strong verbal, written, leadership, business acumen, strategic thinking, relationship building, collaboration, negotiation, data analysis, and project management skills are required.
  • Advanced working knowledge of Microsoft Excel, Word and PowerPoint software applications; statistical software applications experience preferred.
  • Must be proficient in the use of Supply Chain business systems and tools.
  • May be required to travel to various locations as needed.
About Us

Indiana University Health is a comprehensive health system with 15 hospitals and nearly 40,000 team members serving Hoosiers across the state. We're committed to delivering exceptional patient care and advancing healthcare through innovation and collaboration.

We're proud to be ranked No. 1 in Indiana by U.S. News & World Report and to have a unique partnership with the Indiana University School of Medicine, one of the nation's largest medical schools. Our team members have access to the latest science and the very best training, advancing healthcare for all.

We're dedicated to the growth and development of our team members, offering opportunities for advanced clinical training, leadership development, promotion, and cross-training development. Join our team and be part of a dynamic and innovative healthcare organization that's making a difference in the lives of Hoosiers.

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