Vendor Management Specialist Jobs in Hackensack at Hackensack Meridian Health

Overview

Our team members are the heart of what makes us better. 

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community. 

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Vendor Management Specialist oversees and manages relationships with external Revenue Cycle vendors. This role ensures vendors meet performance standards, deliver quality work, and adhere to contractual agreements. The Specialist will maintain internal vendor workflows, process invoices through internal systems, maintain internal logs for invoice status, legal negotiations and processes.

Responsibilities

A day in the life of a Vendor Management Specialist with Hackensack Meridian Health includes:

•  Utilizes and adds to the vendor onboarding checklist by ensuring seamless navigation through legal, procurement, and IT processes. Provides both Vendor and Senior leadership with updates on the status and escalates any roadblocks.
•  Participates in RFI, RFP and vendor selection processes. Maintains meeting minutes and deliverables for calls. Ensures vendors receive all appropriate information to provide quality review of data and quotes for workload. Ensures compliance standards are in place before data sharing such as BAA.
•  Responsible for participating in and tasks derived from vendor consolidation which will include organizing master service agreements, negotiations for rates, and standardization of invoicing, spending, ROI and vendor maps.
•  Tracks Key Performance Indicators (KPIs) and service level agreements (SLAs) to evaluate vendor performance.
•  Responsible for tracking vendor invoicing and adherence to HMH policies and expectations for payment processing.
•  Partners with Manager on the development of and maintenance of trackers, scorecards, and reports as it relates to vendor management. Performs data collection and analysis duties to respond to key issues, and increase vendor performance and efficiency.
•  Collaborate with internal teams to address quality issues and implement process improvement.
•  Serve as the primary point of contact for vendor communications, fostering strong and collaborative relationships.
•  Support budget and forecasting by providing insight into vendor spending and performance trends.
•  Maintains system-level vendor revenue cycle roadmap to ensure an accurate picture of all RCM vendors.
•  Other duties and/or projects as assigned.
•  Adheres to HMH Organizational competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required:

•  High School diploma, general equivalency diploma (GED), and/or GED equivalent programs.
•  Prior accounts payable or Invoice/Reconciliation experience
•  Proficiency in Windows and Google Suite.
•  Strong Attention to detail and highly organized.
•  Excellent written and verbal communication skills.
•  Proficient computer skills that include but are not limited to Microsoft Office and/or Google Suite platforms.

Education, Knowledge, Skills and Abilities Preferred:

•  Prior hospital finance/billing experience is a plus.
•  Proficient in People Soft Financials.
•  Prior working relationships with vendors.
•  PC proficiency on Windows Suite.

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!

Compensation
Minimum rate of $30.92 Hourly

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.

The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:

• Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness.
• Experience: Years of relevant work experience.
• Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training.
• Skills: Demonstrated proficiency in relevant skills and competencies.
• Geographic Location: Cost of living and market rates for the specific location.
• Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization.
• Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.

Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.

In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.

HACKENSACK MERIDIAN HEALTH (HMH) IS AN EQUAL OPPORTUNITY EMPLOYER

All qualified applicants will receive consideration for employment without regard to age, race, color, creed, religion, sex, sexual orientation, gender identity or expression, pregnancy, breastfeeding, genetic information, refusal to submit to a genetic test or make available to an employer the results of a genetic test, atypical hereditary cellular or blood trait, national origin, nationality, ancestry, disability, marital status, liability for military service, or status as a protected veteran.

Our Network

Hackensack Meridian Health (HMH) is a Mandatory Influenza Vaccination Facility

As a courtesy to assist you in your job search, we would like to send your resume to other areas of our Hackensack Meridian Health network who may have current openings that fit your skills and experience.