REMOTE - Vice President, VBR and Strategic Sourcing - R7799

Job Summary

The Vice President, Value Based Reimbursement (VBR) and Strategic Sourcing develops, manages, and executes an enterprise value-based reimbursement strategy that will improve member health and quality outcomes, accomplish costs savings/quality affordability initiatives (QAI), and supports all markets and lines of business to include VBR program development and design, monitoring and performance management, contract negotiations and VBR system administration. This position will manage an effective enterprise-wide vendor management program, to include evaluation of potential vendors, data security, contract terms, pricing, etc., and includes a monitoring component with established metrics, expected business impact, site visits, ROI, SLA’s, etc.

Essential Functions

• Responsible for the development and contracting of strategies and activities with vendors, providers and medical service organizations to include but not limited to advanced payment models, performance guarantees, risk and shared savings arrangements
• Provide support to Corporate Compliance and Vendor Risk and Oversight for regulatory compliance requirements of delegated vendors/entities and development of a comprehensive inventory of contracts and delegated vendors; assists in determining strategy/solution to automate process
• Manage vendor portfolio from a strategic vendor relationship management perspective; refines procurement model and processes with input from key business partners
• Establish and monitor targets for supplier diversity and economic inclusion
• Provide leadership, mentoring and development of staff; adhering to all company Human Resources practices
• Assist in determination of benchmarks, goals and outcomes for defined programs, informed by analytics and evidenced based practice
• Ensure a schedule of periodic reviews of top tier vendors to create mutually beneficial business relationships in which all contract terms and conditions are being met along with any regulatory requirements
• Establish, maintain, and acquire targeted cost savings associated with vendor, provider, VBR negotiations and best practices
• Provide optimization through reporting dashboards based upon targeted best practice metrics
• Perform any other job duties as requested
  
  

Education And Experience

• Bachelor’s degree in business or related discipline or equivalent years of relevant work experience is required
• Master’s degree is preferred
• Minimum of seven (7) years of valued base reimbursement or value-based care program management required
• Minimum of five (5) years of senior leadership experience with responsibility for development and implementation of strategies and plans in support of an organization is required
• Experience negotiating large/complex external vendor and provider contracts are required
• Healthcare and/or insurance experience is preferred
  
  

Competencies, Knowledge And Skills

• Extraordinary relationship building, communication and presentation skills
• Demonstrated business collaboration and customer relationship management skills
• Demonstrated analytical and problem-solving skills
• Outstanding verbal and written communication skills
• Effective negotiation and strategic sourcing skills
• Knowledge of project management and vendor management practices and industry trends
• Ability to manage, mentor and lead a team
• Proven ability to develop effective relationships at all levels of the company
• Ability to learn and understand complex regulatory requirements
• Demonstrated strategic leader with strong relationship building skills
• Results oriented, with strong analytical, facilitation and strategic planning skills
• Financial, analytical, prioritization and problem-solving skills
  
  

Licensure And Certification

• None
  
  

Working Conditions

• General office environment; may be required to sit or stand for extended periods of time
  
  

Compensation Range

$150,000 - $300,000. CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.

Compensation Type

Salary

Competencies

• Create an Inclusive Environment - Cultivate Partnerships - Develop Self and Others - Drive Execution - Energize and Inspire the Organization - Influence Others - Pursue Personal Excellence - Understand the Business
  
  

This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer, including disability and veteran status. We are committed to a diverse and inclusive work environment.