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Contract Specialist
4 months ago
Job Title: Contract Specialist
Reports To: Controller
Department: Finance/Admin
About The Team
Our mission at PMMC is to continuously improve the financial performance of healthcare organizations so that they have more resources to devote to patient care. PMMC provides revenue cycle management tools to healthcare delivery systems, acute care hospitals, critical access hospitals, academic physician organizations and multi-specialty physician groups. Helping to find additional cash and creating efficient workflow processes allows our clients to improve margins and continue to effectively serve their communities.
Due to the changing healthcare landscape for both providers and consumers, there is more focus on the revenue cycle today than ever before. PMMC is committed to providing healthcare organizations with not only the latest technology, but also the necessary strategy to guide them through the challenges of changing reimbursement, price transparency, and population health management.
About The Role
The Contract Specialist role will be responsible for every phase of contract development from researching the legal regulations to negotiating the terms and preparing to finalize the document. The Contract Specialist will be responsible for negotiating subcontracts and long-term purchase orders with vendors. This role will be responsible for meticulously reviewing and analyzing contracts and agreements to ensure their compliance with legal standards, company policies, and industry regulations. This role will work closely with the sales team and various departments including Operations, to identify risks, suggest modifications, and facilitate the contract approval process. This role requires strong attention to detail, legal acumen, and effective communication skills.
Responsibilities:
- Review and assess contracts, agreements, and legal documents to identify any potential risks, discrepancies, or non-compliance issues.
- Ensure that all contracts adhere to relevant laws and regulations, industry standards, and company policies.
- Analyze contract terms and conditions to identify and evaluate potential risks and liabilities associated with each agreement.
- Work collaboratively with internal stakeholders and external parties to negotiate and propose changes to contracts when necessary, aiming to protect the company's interests.
- Maintain accurate and organized records of contract reviews, modifications, and approvals.
- Stay up to date with changes in laws and regulations that may impact contract terms and update standard templates accordingly.
- Collaborate with various departments, including sales and finance, to ensure contract alignment with business objectives.
- Assist in obtaining necessary approvals for contracts and agreements, including obtaining signatures from relevant parties.
- Prepare reports and summaries of contract reviews, highlighting key terms, risks, and recommendations.
- Negotiate contracts and terms with vendors to ensure favorable pricing and delivery terms
- Collaborate with cross-functional teams to ensure the timely delivery of services/materials
- Monitor vendor performance and implement action if needed
Qualifications & Requirements
- Bachelor’s Degree in a relevant field, such as business, or a related discipline. A legal background or paralegal certification is a plus.
- Proven experience in contract review, analysis, or a related legal field.
- Strong understanding of legal terminology, contract law, and regulatory compliance.
- Excellent attention to detail and analytical skills.
- Strong communication and negotiation skills.
- Ability to work collaboratively in a team environment.
- Proficiency in using contract management software and Microsoft Office Suite.
- Familiarity with industry-specific regulations and standards is an advantage.
- Ability to work in a fast-paced, dynamic environment and manage multiple projects simultaneously.
Core Values
Join our team at PMMC. We Grow or Die as individuals and as a collective force, inspiring one another to reach new heights. We Love to Win, not just for ourselves but for our entire team. We constantly Innovate, finding fresh solutions to complex challenges. We pride ourselves on being Productive & Efficient while always striving to Do the Right Thing in all that we do.
If you're ready to be part of a team that embodies these values, we invite you to embark on this journey with us.
#TeamPMMC
PMMC is an equal opportunity employer. We provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, gender identity or expression, veteran status, marital or citizenship status or any other status protected by applicable federal, state, or local law.
