Procurement Director

ABOUT THIS POSITION The Procurement Director will direct the procurement strategy and operations for Waystar, focusing on optimizing supplier relationships, managing costs, and ensuring the timely delivery of high-quality goods and services. This role will be critical in supporting our technology initiatives and enhancing our competitive advantage through effective sourcing and procurement practices. WHAT YOU'LL DO Develop and implement a comprehensive procurement strategy aligned with company goals. Analyze market trends and supplier capabilities to identify opportunities for cost savings and efficiency improvements. Establish and maintain strong relationships with key suppliers, negotiating contracts that ensure favorable terms and compliance with industry standards. Evaluate supplier performance regularly and implement corrective actions as necessary. Identify cost-saving initiatives and implement best practices in procurement processes. Work closely with operational leaders to understand their procurement needs and develop tailored solutions. Collaborate with the legal and accounting teams to ensure procurement practices adhere to relevant regulations. Utilize data analytics to inform procurement decisions and provide insights into spending patterns and supplier performance. Prepare regular reports for executive leadership on procurement activities, savings, and risk management. WHAT YOU'LL NEED Bachelor’s degree in business administration, supply chain management, or a related field. Master’s degree or relevant certification (e.g., CPM, CPSM) is a plus. Minimum of 8-10 years of experience in procurement, with at least 5 years in a leadership role within the technology sector. Proven track record of developing and executing successful procurement strategies. Expertise in negotiating contracts and agreements to secure favorable terms and conditions. Ability to develop budgets, identify cost-saving opportunities, and implement effective cost-control measures. Excellent analytical and problem-solving abilities. Proficiency in procurement software and tools; familiarity with ERP and vendor management systems is advantageous. Exceptional communication and interpersonal skills. BONUS POINTS Ability to lead and manage change initiatives ABOUT WAYSTAR Through a smart platform and better experience, Waystar helps providers simplify healthcare payments and yield powerful results throughout the complete revenue cycle. Waystar’s healthcare payments platform combines innovative, cloud-based technology, robust data, and unparalleled client support to streamline workflows and improve financials so providers can focus on what matters most: their patients and communities. Waystar is trusted by 1M+ providers, 1K+ hospitals and health systems, and is connected to over 5K commercial and Medicaid/Medicare payers. We are deeply committed to living out our organizational values: honesty; kindness; passion; curiosity; fanatical focus; best work, always; making it happen; and joyful, optimistic & fun. Waystar products have won multiple Best in KLAS® or Category Leader awards since 2010 and earned multiple #1 rankings from Black Book™ surveys since 2012. The Waystar platform supports more than 500,000 providers, 1,000 health systems and hospitals, and 5,000 payers and health plans. For more information, visit waystar.com or follow @Waystar (https://twitter.com/Waystar) on Twitter. WAYSTAR PERKS Competitive total rewards (base salary + bonus, if applicable) Customizable benefits package (3 medical plans with Health Saving Account company match) Generous paid time off starting at 3 weeks + 13 paid holidays including 2 personal floating holidays Paid parental leave (including maternity + paternity leave) Education assistance opportunities and free LinkedIn Learning access Free mental health and family planning programs, including adoption assistance and fertility support 401(K) program with company match Pet insurance Employee resource groups Waystar is proud to be an equal opportunity workplace. We celebrate, value, and support diversity and inclusion. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, marital status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Job Category: Accounting/Finance Job Type: Full time Req ID: R2329