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Results-driven leader with over 20 years of experience in sales strategy and contract operations within the medtech industry. I have a proven track record of driving profitable revenue growth, optimizing operational efficiencies, and managing high-value contracts at a global scale. My expertise includes developing and implementing comprehensive contracting strategies that align with organizational goals, leading cross- functional teams to exceed revenue targets, and ensuring compliance with complex regulatory requirements. As a strategic thinker with strong financial acumen, I have successfully led contract negotiation processes, reduced financial risks, and streamlined operations to enhance productivity and customer satisfaction. My collaborative approach, coupled with a deep understanding of the contract lifecycle, allows me to build consensus among diverse stakeholders and drive initiatives that support long-term business success. I am passionate about leveraging data analytics to inform decision-making and continuously improve contracting performance, ensuring alignment with the overall business strategy.
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Founder And Managing PrincipalMedconxSaint Paul, Mn, Us -
Senior Strategic Advisor, Medtech Operations & Contracting*Company Confidential* Apr 2024 - PresentGreater Minneapolis-St. Paul Area• Provide executive leadership and strategic guidance to medtech companies focused on U.S. government healthcare market expansion.• Act as primary contact for contract-related inquiries, leading collaborative efforts to develop comprehensive contract strategies.• Support medtech clients through business reviews and analysis to drive growth and enhance operational performance.
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Senior Sales Operations Manager - Contracting, Pricing, And National AccountsInspire Medical Systems Jun 2022 - May 2024Minneapolis, Minnesota, United States• Responsible for developing and implementing contract strategies to maximize market access and distribution for products while ensuring contracts protect business interests and long-term profitability objectives. Renegotiated 120 contracts and reduced financial risk by $110M in 2023.• Engaged with IDN, GPO, Hospital, and Alternate Site account leadership, KOL's, formulary decision makers, and population health stakeholders to ensure timely access and contracting, support product uptake, drive systemic change, and pursue creative partnerships, as appropriate.• Spearheaded contract negotiations and response across multiple departments, consistently meeting 100% of project deadlines by implementing advanced project management tools like Microsoft Project and Smartsheet resulting in a 20% increase in overall efficiency over a 12-month period.• Directed the government contracting program. Managed and executed government sales activities, including contract negotiations and RFP response. Provide ongoing training and support to the sales and operations team at a local and national level for VA and Military facilities. Achieved a 30% increase in government sales from 2022 to 2023 to become the 3rd largest customer to the company.• Monitored and tracked contract compliance ensuring all contracts comply with contract terms as well federal, state, and local regulations. -
Principal Lead - Sales Operations And Strategic AccountsEcs3 Solutions 2019 - 2022St Paul, Minnesota, United States• Provided leadership direction on sales operations, enablement, and sales initiatives to medical device and capital equipment companies ranging from Fortune 100 companies to small start-ups.• Managed specific projects relating to CRM design, deployment, and implementation - Salesforce, Dynamics, and Hubspot.Utilized data analytics to identify revenue trends, opportunities, and areas for improvement.• Spearheaded the implementation of a new CRM system that enhanced data accuracy by 25% and streamlined sales operations, improving tracking and analysis of sales pipelines.• Improved the dissemination of product information by developing a centralized knowledge base, resulting in a 25% increase in sales team efficiency over a 6-month period.
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Director Sales Operations - Medical Division3M 2013 - 2019St Paul, Minnesota, United States• Developed and implemented a comprehensive sales strategy including segmentation and coverage model aligned with the company's goals and objectives.• Optimized sales workfows, systems, and technologies to streamline operations and enhance productivity.• Analyzed market trends, customer insights, and competitive landscape to identify growth opportunities and market positioning strategies.• Provided leadership on contract negotiations, including: deal structure, discounting guidance, order processing, etc.• Collaborated with executive leadership to define sales targets, forecast sales performance, and track key metrics to measure success.• Built & led a high-performing team, responsible for commercial operations, training, reporting, sales productivity, contracting and pricing.• Establish OKRs and metrics to evaluate sales performance, productivity, and revenue growth. -
Strategic Accounts Director - Advanced Wound Care Division3M 2011 - 2013St Paul, Minnesota, United States• Expanded the 3M strategic account program by bringing together 3M's large portfolio of solutions to different segments of the U.S. healthcare market: Integrated Delivery Network (IDN), Alternate Site, Government Accounts, and Group Purchasing Organizations (GPO). Grew program by 38%.• Developed and expanded distribution program to include DME and other independent sales organizations. Grew the program to over 300 new partners selling portfolio of products.• Directed the contract strategy and pricing program across multiple products and divisions.• Managed multiple sales projects across multiple matrixed teams focusing on distribution and alternate site facilities. -
Strategic Director, Managed Care - Government, Military, And Insurance - Wound CareKci Medical 2007 - 2011San Antonio, Texas, United States*Led Medicaid Government program for all healthcare and industrial products, national government and military account activity, and channel partners. $10M in annual revenue; 15% annual growth. *Drove sales by 12% and improved revenue collection from government agencies by 40%.*Collaborated with field teams to drive alignment with strategic selling and marketing strategies.*Conceptualized and authored KPI monthly reporting and forecasting to key stakeholders, sales leadership, and finance.*Generated increased profitability and revenue by developing new government pricing programs. -
Director, Contracts And Pricing (National Accounts)St. Jude Medical 2003 - 2007Austin, Texas, United States*Spearheaded $640 million dollar pipeline; led pricing and contract programs driving increased efficiencies and regulatory compliance. *Optimized new incentive initiatives for bundled pricing and quantity purchase programs.*Team lead for ERP conversion of pricing master, customer files, and CRM conversion. -
Sales Manager, National AccountsWestcom Group/Tmi 2002 - 2003*Led the national accounts for the Western United States in driving revenue growth and generating new business opportunities with channel/franchise owners, purchasing coalitions, government facilities, and key account customers. *Shaped and supported independent sales networks and new partner development.*Architected specialized channel strategies with field teams to successfully drive major customer conversions.
Ed Staten Skills
Ed Staten Education Details
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Bachelor Of Arts In Business/Political Science, -
Executive Management Program, Post Graduate Studies
Frequently Asked Questions about Ed Staten
What company does Ed Staten work for?
Ed Staten works for Medconx
What is Ed Staten's role at the current company?
Ed Staten's current role is Founder and Managing Principal.
What is Ed Staten's email address?
Ed Staten's email address is ed****@****ail.com
What is Ed Staten's direct phone number?
Ed Staten's direct phone number is +165173*****
What schools did Ed Staten attend?
Ed Staten attended University Of California, Los Angeles, Oxford University.
What skills is Ed Staten known for?
Ed Staten has skills like Pricing Strategy, Contract Negotiations, Healthcare, Contract Negotiation, Pricing, Managed Care, Hospitals, Sales Management, Strategic Planning, Marketing Strategy, Medical Devices, Forecasting.
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Edward Staten
New York, Ny3gmail.com, bdo.com, dowlinghales.com2 +120398XXXXX
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