Pharmacy Sourcing Executive

Pharmacy Contracting Expert

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 identify and analyze pharmaceutical, contracting, financial, operational, reimbursement, distribution, and market trends, providing insights and recommendations to stakeholders (e.g., customers, vendors) and the business on opportunities and subsequent impact. You will negotiate multi-million-dollar portfolio and serves as an expert for the company's pharmacy contracting process.

Responsibilities

• Implement contracting strategies to successfully support Vizient's Pharmacy Program.
• Ensure alignment of business strategy with overall corporate strategic objectives related to contracting activities that meet member needs for the contrast media, nuclear medicine and radiopharmaceutical markets.
• Maintain industry expertise in the contrast and nuclear medicine markets through understanding the relevant markets and how products are used in the various imaging suites including the hospital pharmacy and materials departments; as well as in physician practices, and free standing imaging and surgical centers.
• Serve as a category expert for members, suppliers, distributors, Vizient field team, advisory solutions, legal, and finance for assigned portfolio.
• Effectively manage supplier and member relationships to optimize outcomes and ensure price leadership across product offerings.
• Collaborate with senior leadership, member councils and task forces, and individual hospitals and supply chain executives to ensure delivery of supply chain needs.
• Effectively communicate and present (formally and informally) to market internal and external stakeholders while serving as subject matter expert and resource. This may include prominent health care organizations and pharmaceutical drug companies.
• Conduct bid analysis, award and manage contracts to Vizient Contract Processes and Standards as assigned.
• Manage financial aspects of the assigned contracts including budget accruals, forecasting and revenue expectations.
• Maintain a very high level of customer satisfaction for all suppliers, distributors, and providers by fostering and building collaborative business relationships.
• Provide direction and guidance to assigned portfolio analyst.
• Monitor contract performance for market competitiveness and adherence to terms and conditions while collaborating with peers to deliver supply chain needs.
• Stay abreast of relevant industry trends and regulatory requirements.

Qualifications

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 $88,900.00 to $155,500.00. This position is also incentive eligible.

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

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.