Associate VP, Vendor Management

Humana

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Posted on Friday, September 1, 2023

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Description

At Humana, our primary goal is to make health care affordable, while ensuring access, quality, and usability. An effective cost management strategy takes a deep and broad portfolio approach that tailors the plan to local market dynamics and pulls all the levers we have available.

The AVP, Vendor Management is a newly created leadership position in Clinical Trend Management. This position will manage a vendor portfolio that helps drive effective health outcomes and reduce medical costs for our members. This position will collaborate with peers, key partners, and senior leaders across the enterprise to understand their needs and drive effective vendor solutions. This position requires an in-depth understanding of how organization capabilities interrelate across segments and enterprise wide.

Responsibilities

Key Responsibilities

Manage the existing vendor portfolio, including:
- build and maintain positive relationships with vendors and monitor performance
- drive vendors to achieve savings targets, member experience and contractual SLAs
- manage contracts including reviewing, negotiating terms and settling contracts
- minimize issues and remediate quickly
Drive the strategy of Kidney Care, Palliative/ Hospice Care and pilot programs
Oversee the end-to-end implementation of new vendors (i.e. contracting, data exchange, obtaining internal stakeholders’ approval, etc.)
Build strong relationships across the enterprise including Market Presidents, Market Medical Directors, Market CFOs, Clinical Strategy, Clinical Operations and Finance to understand needs and drive vendor solutions
Collaborate with various internal groups including TAF, Clinical Strategy and Analytics, Test and Learn team to measure and validate the clinical performance and savings
Manage the workload between the various teams to ensure all deadlines are being met
Lead the vendor management team, including fostering the culture, talent and processes to drive engagement and deliver results

Required Qualifications

Bachelor’s Degree
10+ years of healthcare industry experience, preferably specific experience working at a payer
Financial acumen to handle contracting and settlement
Understanding of Healthcare Finance including the principles and processes that drive medical cost management
Understanding of clinical programs and operations
Demonstrated experience leading high performing teams
Highly collaborative mindset, excellent relationship-building skills, and proven ability to engage and influence stakeholders in a highly matrixed company
Excellent oral and written communications skills and the polish, poise, and executive presence that will ensure effective interaction with senior leaders

Preferred Qualifications

MBA or other master’s degree
Understanding of Humana’s organizational structure and key businesses
Healthcare and/or management consulting experience

Scheduled Weekly Hours

Pay Range

The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay decisions will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

$164,700 - $226,600 per year

This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Description of Benefits

Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.

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Associate VP, Vendor Management