Contract Analyst

AtlantiCare•Egg Harbor Township, NJ

About The Position

The Contract Analyst I will monitor and analyze trends within contract purchases to identify and target opportunities to reduce operating expenses related to med/surgical products, goods, services and/or equipment purchased by the organization. The Contract Coordinator develops, modifies and monitors contract processing procedures and activities, reviews contract requests and proposals, and serves as a liaison between departmental staff, vendors, Legal department and Supply Chain leadership team. The Contract Analyst I is responsible for category and/or department specific benchmarking, price analyses and contracting and works in conjunction with the Sourcing and Buying teams to meet all procurement needs. This position supports the item file function and is responsible for the Daily Exception Report for the department. The Contract Analyst I will maintain a current knowledge of available information databases and emerging tools and technology that will best support the procurement initiatives. The Contract Analyst I has the ability to plan and analyze complex processes, proficiency in computer software programs and databases, data mining and extrapolation skills, effective negotiation skills, attention to detail, strong critical reasoning skills and the ability to interpret benchmark analytics to relay information. The Contract Analyst I utilizes benchmarking tools to evaluate, compare and contract pricing on non-stock and stock items. Analyzes usage of supplies, equipment and services throughout assigned departments. Reviews and interprets analytical data generated via various data systems and acts upon opportunities as they are presented. Uses all resources available appropriately to source product and benchmark vendor offers. The Contract Analyst I supports the function of any web-based contract analytics tools for the department, such as GPO portals and the AtlantiCare Legal department system, Ntracts. The Contract Analyst I may provide support through statistics, data and contracting information to both the Surgical Value Analysis and Hospital Value Analysis committees, as needed. The Contract Analyst I oversees the maintenance of the HEMM Contract Module. The position is responsible for the implementation and compliance monitoring of all contracts for goods and services. The Contract Analyst upholds all AtlantiCare values.

Requirements

Bachelor's degree in Business, Finance, and Economics, Healthcare or related field required.
Solid experience in a variety of software programs; expert knowledge in Microsoft Excel and Office required.
Ability to plan and analyze complex processes.
Proficiency in computer software programs and databases.
Data mining and extrapolation skills.
Effective negotiation skills.
Attention to detail.
Strong critical reasoning skills.
Ability to interpret benchmark analytics to relay information.

Nice To Haves

Master's degree preferred.
CMRP preferred.
2 years analytics experience preferred.
Purchasing experience preferred.
Experience with Supply Chain Information Systems preferred.

Responsibilities

Monitor and analyze trends within contract purchases to identify and target opportunities to reduce operating expenses related to med/surgical products, goods, services and/or equipment purchased by the organization.
Develop, modify and monitor contract processing procedures and activities.
Review contract requests and proposals.
Serve as a liaison between departmental staff, vendors, Legal department and Supply Chain leadership team.
Perform category and/or department specific benchmarking, price analyses and contracting.
Work in conjunction with the Sourcing and Buying teams to meet all procurement needs.
Support the item file function and be responsible for the Daily Exception Report for the department.
Maintain a current knowledge of available information databases and emerging tools and technology that will best support the procurement initiatives.
Plan and analyze complex processes.
Utilize benchmarking tools to evaluate, compare and contract pricing on non-stock and stock items.
Analyze usage of supplies, equipment and services throughout assigned departments.
Review and interpret analytical data generated via various data systems and act upon opportunities as they are presented.
Use all resources available appropriately to source product and benchmark vendor offers.
Support the function of any web-based contract analytics tools for the department, such as GPO portals and the AtlantiCare Legal department system, Ntracts.
Provide support through statistics, data and contracting information to both the Surgical Value Analysis and Hospital Value Analysis committees, as needed.
Oversee the maintenance of the HEMM Contract Module.
Implement and monitor compliance of all contracts for goods and services.
Uphold all AtlantiCare values.