Hybrid Strategic Sourcing and Value Analysis Program Manager

at Franciscan Missionaries of Our Lady Health System

• Job title: Strategic Sourcing and Value Analysis Program Manager
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Tech skills: Oracle
• Location requirements: Hybrid, Baton Rouge, United States

About the role

• Strategic Sourcing and Value Analysis Program Manager optimizing supplies and services for quality and cost. Leading data-driven negotiations and stakeholder engagement across the organization.

Responsibilities

• Drive best value for supplies and purchased services
• Explicitly consider and optimize the triple aim goals of improved patient experience, improved quality outcomes, and reduced total cost
• Patient experience example metrics are inpatient days avoided, pain score improvement, speed to diagnosis, etc
• Quality outcomes example metrics are infections prevented, readmissions avoided, patient falls avoided, etc
• Total cost includes both the “fully-landed” bedside cost to use and utilization of the supply or service over that life of the product or service
• Pursue standardization to reduce variation and drive value
• Monitor and maintain/improve GPO contract compliance to deliver sustainable value over time
• Respond to market, supply, and service disruption by engaging end users and suppliers for acceptable alternate products and services
• Lead system-wide value analysis team(s) in the area of expertise
• Engage and lead organization (senior leaders, physicians, clinicians, department leaders) through a structured product evaluation and conversion process by collaborating with the various stakeholders
• Responsible lifecycle of contracts in the subject matter area
• Initiation, implementation including Oracle item management, and timely renewal or termination
• Contract monitoring to ensure value is realized
• Conduct business reviews with key vendors to ensure both goal alignment and vendor performance
• Understand, engage, and align internal stakeholders in preparation of vendor negotiation
• Identify best alternative(s) to a negotiation agreement (BATNA) prior to negotiation to establish both boundaries and options
• Use both internal and external benchmarking (where available) to drive data driven negotiations

Requirements

• 5 years Strategic sourcing, procurement, value analysis, or project/program management
• Bachelor's Degree **OR **combination of education and relevant experience (4 additional years if only HS Diploma)**