Director of Strategic Sourcing – Preferred Experience in Managed Care, AI
Location
United States
Posted
4 days ago
Salary
$135.6K - $237.4K / year
Seniority
Lead
Job Description
Director of Strategic Sourcing – Preferred Experience in Managed Care, AI
CareSource
• Oversee function operations through proactive monitoring of contract volumes, contract turnaround times, process adherence, and value delivered • Oversee the vendor contract portfolio, ensuring timely action against expiring contracts, strategic planning and engagement with business owners • Deliver value to the enterprise by leveraging benchmarking, negotiations, and category management to deliver savings, increased vendor accountability, vendor consolidation • Drive Strategic Sourcing strategy via a comprehensive category management model • Conduct and lead category councils with key business owners to strategize on obtaining competitive pricing, securing favorable contract terms, and fostering robust vendor partnerships • Standardize and enhance the function’s processes including due diligence and vendor selection processes • Enhance and increase utilization of RFx processes, including Requests for Proposal (RFP) • Manage and streamline the contracting process across a diverse and extensive vendor base • Proactively engage with other departments, including third party risk, vendor risk, legal, compliance, and finance • Facilitate the state approval process for contracts
Job Requirements
- Bachelor's degree required
- Master's degree preferred
- Seven (7) years of experience within Sourcing or Procurement in a highly regulated industry required
- Five (5) years management/leadership experience required
- Experience in a HMO or managed care environment preferred
- Experience deploying AI solutions to enhance processes preferred
- Experience delivering tangible results, e.g. savings, through the Sourcing process preferred
- Experience optimizing Sourcing process flows through process redesign, automation, artificial intelligence preferred
- Certified Professional in Supply Chain Management (CPSM); Certified Supply Chain Professional (CSCP); or other related certification preferred
- Advanced proficiency level with Microsoft Office including Outlook, Word, Excel and PowerPoint
- Knowledge in Medicaid/Medicare Programs and CMS, NCQA regulations
- Solid understanding of managed care, vendor agreements and the delegation process
Benefits
- Substantial and comprehensive total rewards package
- Health insurance
- Retirement plans
- Professional development opportunities
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