Full-Time

Associate Director

Vendor Management Strategy and Operations

Posted on 11/21/2024

Spring Health

Spring Health

1,001-5,000 employees

Personalized mental health solutions for employers

Consumer Software
Healthcare

Compensation Overview

$126.7k - $158.4kAnnually

Senior

Remote in USA

Category
Project Management
Strategy Development
Business Development
Business & Strategy
Required Skills
Data Analysis
Requirements
  • 5+ years of experience in vendor management, procurement, or operations management, with at least 3 years in a leadership role. Previous experience managing vendors in a support or operations environment is highly desirable.
  • Demonstrated expertise in managing vendor relationships, including negotiating contracts, conducting RFPs, and implementing performance improvement plans.
  • Strong experience in developing and executing vendor management strategies that support long-term operational goals.
  • Familiarity with vendor management tools and the ability to work closely with tooling engineering teams to drive application improvements.
  • Strong analytical skills with the ability to use data to drive decision-making and optimize vendor performance.
  • Excellent communication skills and experience working across departments to drive alignment and achieve business objectives.
  • Strong organizational skills with the ability to manage multiple projects and initiatives simultaneously, meeting deadlines and delivering quality results.
Responsibilities
  • Manage day-to-day vendor relationships, ensuring alignment with SLAs, quality standards, and operational goals.
  • Conduct regular performance reviews with vendors, identifying opportunities for improvement and implementing corrective actions as needed.
  • Collaborate with vendors to streamline workflows, enhance service quality, and reduce costs.
  • Develop and execute a comprehensive vendor management strategy, aligning vendor partnerships with the organization’s growth and operational objectives.
  • Identify and evaluate potential new vendors that could add value to our operations and enhance our capabilities.
  • Lead RFP processes to assess, select, and onboard new vendors, ensuring alignment with company needs and budget.
  • Lead contract negotiations with vendors, securing favorable terms and ensuring compliance with company policies.
  • Manage vendor budgets, optimizing costs while maintaining service quality and performance.
  • Work with legal and finance teams to draft and finalize agreements, ensuring clear expectations and performance benchmarks.
  • Oversee and prioritize initiatives for our tooling engineer teams, driving application improvements that support vendor management operations.
  • Collaborate with engineering and tooling teams to identify and implement technical solutions that improve vendor management, performance tracking, and reporting.
  • Ensure all improvements align with broader operational objectives and contribute to enhanced efficiency and data-driven decision-making.
  • Work closely with internal stakeholders across Operations, Product, Finance, and Legal teams to align vendor strategies and address cross-functional needs.
  • Act as the primary point of contact for internal teams on vendor-related initiatives, ensuring transparency and consistent communication.
  • Partner with the Operations team to identify operational challenges and develop vendor-based solutions.

Spring Health provides personalized mental health solutions aimed at improving employee well-being for organizations and health plans. Their approach, known as Precision Mental Healthcare, involves assessing individuals to determine the most appropriate mental health support, which can include digital resources, therapy, and medication. The platform is user-friendly, allowing users to complete a brief assessment that generates a personalized care plan and connects them with suitable providers. Key features include appointment scheduling, on-demand wellness exercises, and access to a Care Navigator for ongoing support. Unlike competitors, Spring Health focuses on tailoring mental health care to the specific needs of each individual, ensuring that users receive the most effective support. The company's goal is to enhance mental health accessibility and effectiveness for employees through comprehensive, personalized care.

Company Stage

Series E

Total Funding

$452.3M

Headquarters

New York City, null

Founded

2016

Growth & Insights
Headcount

6 month growth

14%

1 year growth

42%

2 year growth

122%
Simplify Jobs

Simplify's Take

What believers are saying

  • Collaborations with major health plans like Highmark Health expand access points and enhance service offerings, indicating strong growth potential.
  • The launch of innovative tools like Atlas and Sage demonstrates Spring Health's commitment to leveraging technology for better mental health outcomes.
  • High-profile partnerships with companies like General Mills and LinkedIn validate the platform's effectiveness and market acceptance.

What critics are saying

  • The highly competitive mental health sector requires continuous innovation to maintain a competitive edge.
  • Integration of new services and partnerships, such as with Eleanor Health, may pose operational challenges and strain resources.

What makes Spring Health unique

  • Spring Health's Precision Mental Healthcare system offers highly personalized mental health support, setting it apart from more generalized solutions.
  • The introduction of Atlas, a recommendation engine for workplace mental health, provides data-driven insights and action plans, enhancing the value proposition for HR and benefits leaders.
  • Their comprehensive approach, including partnerships like the one with Eleanor Health for substance use disorder services, ensures a full spectrum of mental health support.

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Benefits

Retirement benefits

Paid time off

Healthcare benefits

Insurance benefits

Work-life benefits

Mental health benefits