Contract Optimization Analyst
About The Position
The Contract Optimization Analyst supports Ovation Healthcare’s contract optimization activities across its member portfolio. The role coordinates and manages contract-related workflows, analyzes contract and pricing information, supports supplier negotiations, and helps identify opportunities to improve contract value for member hospitals. Designed for an early-career professional developing expertise in healthcare supply chain, contracting, sourcing, and negotiations, the Analyst initially manages defined operational activities such as Letters of Commitment (LOCs), Standardization Incentive Programs (SIPs), contract research, documentation, and request tracking. The role progressively develops the skills needed to support and independently manage more complex contract pricing optimization activities. The Analyst works closely with the Optimization Manager, Supply Chain leadership, clinical subject-matter experts, suppliers, and other internal and external stakeholders.
Requirements
- Bachelor’s degree or equivalent relevant professional experience required.
- Strong analytical, organizational, and problem-solving skills.
- Ability to read, interpret, and summarize contractual and commercial information.
- Strong written and verbal communication skills.
- Ability to manage multiple requests and priorities with appropriate attention to detail.
Nice To Haves
- 1–3 years of experience in contracting, procurement, sourcing, supply chain, vendor management, healthcare, legal support, or a related field.
- Experience reviewing contracts or commercial agreements.
- Paralegal, contract administration, procurement, sourcing, or healthcare supply chain experience.
- Exposure to supplier negotiations or other commercial discussions.
- Experience working with healthcare purchasing and/or GPO arrangements.
Responsibilities
- Evaluate contract pricing, terms, utilization, and member spend to identify optimization opportunities.
- Review contract documentation and summarize relevant commercial terms, requirements, and opportunities.
- Compare proposed contract pricing and terms with existing member arrangements and applicable GPO agreements.
- Support preparation and analysis for supplier negotiations.
- Develop the ability to independently manage increasingly complex contract pricing optimization opportunities.
- Coordinate Letters of Commitment and Supplier Information Package workflows from intake through completion.
- Ensure submissions are complete, accurate, appropriately documented, and progressed through the required process.
- Track pending requests, outstanding information, and required follow-up.
- Communicate with internal stakeholders, members, the GPO partner, and suppliers to resolve outstanding items as appropriate.
- Work with suppliers to obtain pricing, contract documentation, and other information needed to evaluate opportunities.
- Support negotiations through research, pricing analysis, contract review, and preparation of supporting information.
- Identify terms or proposals requiring clarification, additional analysis, or negotiation.
- Develop supplier and category knowledge to support increasingly independent ownership of assigned categories.
- Maintain accurate tracking of S2, SIP, and LOC activity across assigned categories.
- Monitor contract expiration dates, active opportunities, member participation, and other portfolio requirements.
- Support reporting on contract activity, member impact, pricing improvement, savings, and other performance measures.
- Collaborate with the broader Sourcing and Supply Chain team to identify opportunities across members, suppliers, and categories.
Benefits
- Comprehensive health and wellness benefits, including medical, dental, vision, life insurance, and short- and long-term disability coverage.
- HSA with employer contributions, flexible spending accounts for health care, and dependent care accounts.
- Wellness platform with premium incentives.
- Employee assistance support and voluntary supplemental plans, including accident, critical illness, hospital indemnity, and child disability insurance.
- Flexible paid time off offerings and company-paid holidays.
- 401(k) plan with discretionary employer match opportunities.
- Professional development opportunities.
- Company-issued equipment.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
