Director of Clinical Sourcing and Contracting

4 weeks ago


Springfield, Illinois, United States Inova Health System Full time
Job Summary

The Director of Clinical Sourcing and Contracting is responsible for driving strategic sourcing initiatives and contract management for Inova Health System.

Key Responsibilities
  • Develop and implement clinical strategic sourcing opportunities to achieve cost savings and quality outcomes.
  • Oversee the leadership of the strategic sourcing team, day-to-day sourcing, and contracting activities.
  • Develop, evaluate, and manage vendor relationships, draft and negotiate contracts, and build relationships with Inova clinical and operational stakeholders.
  • Oversee benchmarking activities, reviews industry best practices, and other initiatives to achieve cost savings and increase quality outcomes.
  • Lead and develop a contract portfolio for clinical service lines, aligning with sourcing high-quality products at an effective cost and focusing on supply chain excellence.
  • Oversee assigned department or functional area to ensure it is performing effectively, including preparing and implementing business strategy, ensuring legal compliance, communicating and collaborating with stakeholders, managing employment decisions, and managing departmental budget and fiscal success.
  • Complete performance reviews for the strategic sourcing team and provide timely feedback to address performance/quality and training issues as needed.
  • Develop and execute against a contract strategy to support service line program development, including scanning the market and proactively identifying contract opportunities.
  • Perform and leverage analytics to inform sourcing/contracting strategies, such as benchmarking, industry/market analysis, spend analysis, contribution margin analysis, and cost/benefit analysis.
  • Track and record identifying and implementing cost reduction and quality improvement initiatives across various areas.
  • Manage internal customer and supplier relationships to ensure successful contract implementation and operational effectiveness.
  • Ensure exceptional relationship building, interpersonal, and communication skills that translate into strong relationships with internal and external stakeholders.
  • Create strategic business plans for various contract categories and clearly communicate ideas to senior leadership for input and support.
  • Understand contract management and contract risks/gaps in the healthcare provider industry and coordinate with legal as needed.
Requirements
  • 7 years of experience in healthcare with facilitation of contract negotiations.
  • Education - Bachelor's degree in a related field (or relevant experience in lieu of degree equivalent to 4 years).
Preferred Qualifications
  • Clinical background preferred.
  • Experience managing teams and fostering inclusive environments.

This is a hybrid role with on-site requirements averaging 2 days/week.



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