Contract Specialist

Corewell Health • Grand Rapids, MI

2d • Hybrid

About The Position

With minimal supervision, the Contract Specialist acts as the subject matter expert for all contract-related activities. This includes developing and collaborating with other sourcing team members regarding the negotiation of contract terms, conditions, modifications, penalties, and incentives, as well as working with key stakeholders to ensure that their requirements are met. This position will analyze and evaluate change to drive continuous improvement in the process of contract management and contract management trends. The Contract Specialist leads the proactive, methodical management of agreements from initiation through execution, and renewal. Additionally, this position manages resolving problems, mitigating delays, mediating disputes, and escalating issues in the contract process. Contract Specialists at this level are competent to work in most areas of contract management but may require guidance in others.

Requirements

• Bachelor's Degree
• 2 years of relevant experience related field

Nice To Haves

• 5 years of relevant experience negotiating and managing contract lifecycles
• Experience in finance or contract management
• Healthcare real estate experience, with knowledge of best practices for contract negotiation tactics and strategies
• Working knowledge of Stark and Anti-Kickback laws

Responsibilities

• Creates a customer-focused, service-based approach to working with stakeholders and suppliers, which emphasizes the creation and cultivation of cross-organizational relationships.
• Accountable as a role model for customer service excellence
• Contributes to relationships with managers, business units, supply chain and suppliers to support objectives, influence key stakeholders and support strategic sourcing strategies
• Actively collaborates in the Contract Specialist Community of Practice (COP) and Subgroups in development of initiatives and achievement of outcomes
• Assists with the development of all contracts, including but not limited to; leases, license agreements, amendments, terminations, purchase agreements, management agreements, and statements of work (SOWs)
• Manages the contract development process and assists with the negotiation process for sourcing initiatives.
• Enters/maintains current information in the internal contract repository and the system contract database
• Assists in the development of audit strategies to ensure all contracts remain in compliance.
• Continuously participates in process improvement initiatives and acts as a champion for change
• Gains knowledge of compliance and regulation changes affecting health care and works in a coordinated way with the legal and compliance departments to develop the appropriate strategies and methodologies to maintain compliance for all contracts
• Manages contract review process to ensure timely delivery against objectives and contractual budgets, and informs internal customers, suppliers and management of activities and progress, through both verbal and written communications.
• With minimal supervision acts as the principal contract owner for all assigned contracts

Benefits

• Comprehensive benefits package to meet your financial, health, and work/life balance goals.
• On-demand pay program powered by Payactiv
• Discounts directory with deals on the things that matter to you, like restaurants, phone plans, spas, and more!
• Optional identity theft protection, home and auto insurance
• Traditional and Roth retirement options with service contribution and match savings

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level