Contract Specialist

4 weeks ago

Cebu City, Philippines KMC Solutions Full time

CONTRACT SPECIALIST JOB DESCRIPTION: The Contract Specialist position ensures MedImpact’s client, pharmacy and vendor contracts and addenda are legally completed, implemented, and maintained. This position assists in delivering and promoting the overall vision, goals, objectives and strategies for the Contract Management department. As an individual contributor, the Contract Specialist handles day-to-day department activities and continually monitors performance against set goals and metrics. JOB RESPONSIBILITIES Provides contract support to the department and internal Business Units within the company. Under supervision initially, completes new contracts, contract renewals, and addenda as needed with clients, pharmacies, and vendors; Under supervision initially, drafts, completes and negotiates terms of new contracts, contract renewals, addenda, and other contract forms (e.g., LOI, LOA, MOU) as needed with clients, pharmacies, and vendors; Manages the contract process from letter of intent to executed agreement as well as subsequent contract lifecycle management; Develops and maintains an understanding of the federal and state regulatory environment in which the Company operates to protect the Company from undue legal, financial and/or regulatory risk; Analyzes contracts and confers with the team to detect ambiguities, inaccurate statements, omission of essential terms, and conflict with possible legal and/or corporate policy prohibitions; Reviews revised contract language for all contracts, addenda, and other contract forms. Under supervision initially, approves or rejects requests for deviations from contract specifications and delivery schedules within the scope of responsibilities or escalates deviations for approval beyond scope of responsibility; Drafts and assists with negotiations of standard contractual arrangements; Monitors contract performance to determine necessity for amendments or extensions of contracts and compliance to contractual obligations; Develops and maintains an understanding of the operational details of the Company in a strategic and proactive manner in order to assist the Company with its relationship with its customers; Helps ensure that deliverables are on time and meet the quality levels expected by the Company’s internal and external customers. QUALIFICATIONS Associate’s Degree required and Bachelor’s Degree from a four-year college or university preferred; two or more (2+) years related experience and/or training; contracting expertise, preferably in the pharmacy benefit management or general healthcare arena, or equivalent combination of education and experience, is desirable. Understanding of the managed healthcare industry preferred, including knowledge of ERISA, federal and state anti-kickback laws, and HIPAA privacy requirements; Demonstrated understanding of legal and regulatory requirements, and negotiation skills for contracts; Working knowledge of contract language; Demonstrated documentation skills; and Strong interpersonal skills, with demonstrated ability to effectively contribute to a team effort. Strong sense of ethics and integrity. #J-18808-Ljbffr

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