Director Strategic Sourcing and Contracting

This position is incentive eligible. Do you want to join an organization that invests in you as a Director Strategic Sourcing and Contracting ? At HealthTrust, 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. About the Role 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. Responsibilities 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 streamline operations Implement best practices in strategic sourcing and contribute to the development of procurement policies. Performance Metrics and Reporting: Develop and monitor key performance indicators (KPIs) to measure the success and impact of sourcing in…

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