Portfolio Executive II

When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.

Summary:

In this role, you will contribute to all aspects of supply chain strategic sourcing processes including market opportunity identification, strategy and portfolio development, negotiations, and implementation. Working directly with a senior portfolio executive, you will participate and learn about the competitive bid process while utilizing and developing effective negotiation skills. You will manage a portfolio of acute/non-acute agreements for Vizient’s industry leading sourcing portfolio and develop contracting strategies to reduce spend and improve operational efficiencies and maximize provider satisfaction. 

Responsibilities:

• Manage an assigned portfolio for acute/non-acute agreements.

• Conduct product and market assessments and market research for assigned categories.

• Develop contracting strategies that will deliver unique value to support individual providers, supply networks, academic medical centers as well as customers and clients in non-acute markets to include: negotiating contract terms and conditions for contract renewals, amendments, addenda, and tier pricing; developing and managing portfolio budgeting and forecasting, and maintaining supplier relationships.

• Serve as a category expert for providers, suppliers / distributors, Vizient field team, advisory solutions, legal, and finance for assigned portfolios.

• Partner with cross functional teams and collaborate with Analysts and Portfolio Administrators to ensure alignment to provider needs and market competitiveness.

• Communicate key contract changes and enhancements to internal and external key stakeholders.

• Create product specific marketing approaches to increase contract utilization by providers.

• Seek provider input from councils and / or task forces to understand provider needs and incorporate into contracting initiatives for low to moderate complexity portfolios.

• Participate in the competitive bid process by negotiating favorable terms and conditions.

• Implement new programmatic offerings while maintaining practical knowledge of the healthcare industry, market dynamics and new technology.

• Develop and manage relationships with providers, suppliers, and alliances to ensure satisfaction through effective, and timely communication and problem resolution. 

• Effectively communicate, present (formally and informally) and align opportunities, challenges, and contracting strategies to Vizient leadership, provider councils, prominent healthcare organizations and other internal and external stakeholders.

Qualifications:

• Relevant degree preferred.

• 2 or more years of relevant experience required.

• Experience in a healthcare environment working with contracts and negotiations preferred.

• Demonstrated expertise in competitive bidding, and management of high-profile agreements preferred.

• Must be financially savvy for working with expense and revenue budgets.

• Excellent verbal, written and presentation skills.

• Willingness to travel.

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Estimated Hiring Range:

At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $77,400.00 to $127,600.00.

This position is also incentive eligible.

Vizient has a comprehensive benefits plan! Please view our benefits here:

http://www.vizientinc.com/about-us/careers

Equal Opportunity Employer: Females/Minorities/Veterans/Individuals with Disabilities

The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.