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Pharmacy Contract Specialist

2 months ago

Myrtle Point, United States Expion Health Full time $50,000 - $80,000
Job DescriptionJob Description

Pharmacy Contract Specialist Job Description


Join us in powering the future of healthcare cost containment

Expion Health (formerly HRGi Holdings, Inc.) has an exciting opportunity for a Contract Administrator / Specialist, reporting to the EVP, Chief Client Officer. Our team of brilliant professionals are continuously expanding the boundaries of the healthcare industry through innovations that intersect data and technology and amplifies human intelligence to result in better outcomes. We need people like you to join in our commitment to drive pure exponential value for our clients and partners.


The Contract Administrator/Specialist is responsible for the preparation, negotiation, and management of contracts with clients, vendors, and other stakeholders. This role involves ensuring compliance with legal and regulatory requirements, mitigating risks, and supporting the organization's strategic objectives through effective contract management. The Contract Administrator/Specialist works closely with sales, client management, legal, procurement, finance, and other departments to streamline contract processes and enhance operational efficiency.


  1. Deliver and Execute (70%) - The Contract Administrator/Specialist role will focus on drafting contracts in collaboration with business leaders; Negotiating contract terms with involved parties; Overseeing contract management processes; Conducting risk assessment associated with contract terms; Monitoring parties' compliance to contract terms; and Serving as a liaison with internal and external stakeholders.

  1. Learns and Grows (20%) - Learns through successful and failed experiment when tackling new problems; Conduct research on laws, legal articles, and regulations relevant to business; Actively seeks ways to grow and be challenged using both formal and informal development channels.

  1. Plan and Align (10%) - Builds partnerships and works collaboratively with others to meet shared objectives; Collaborates with other team members across the organization; Relates openly and comfortably with diverse groups of people.

What you bring

To be successful in this role you'll need:

  • Strong attention to detail
  • Advanced analytical skills
  • Ability to adhere to strict deadlines
  • Effective negotiator
  • To feel at home with being part of a collaborative, nimble, and high-performing team within a fast-paced, startup-like environment
  • Excellent verbal and written communication and listening skills
  • Strong ethical standards to uphold and foster a culture of confidentiality and integrity
  • To enjoy pushing your skills and development to manage ambiguity, be adaptable, and cultivate innovation

Responsibilities

  • Draft contracts, amendments, renewals, non-disclosure agreements (NDAs), business associate agreements (BAAs) and negotiate contract terms with clients and vendors.
  • Monitor contract performance and compliance, ensuring all parties fulfill their contractual obligations.
  • Manage contract change notices, renewals, amendments, and terminations.
  • Ensure all contracts comply with company policies, applicable laws, regulations, and industry standards.
  • Manage the contract processes for RFPs.
  • Develop and implement standardized contract management processes and templates.
  • Maintain an organized system for managing and tracking all contracts and related documents
  • Implement and utilize contract management software and tools to streamline contract administration.
  • Identify opportunities for process improvements to enhance efficiency and effectiveness in contract management.
  • Maintain accurate records of all contracts and related correspondence.
  • Prepare regular reports on contract status, compliance, and performance metrics.
  • Ensure documentation is complete, accurate, and accessible for auditing purposes.
  • Serve as a liaison and provide guidance and support to sales executives, account executives, proposal managers, and senior management for all contract related issues.
  • Liaise with the legal department to resolve any legal issues or disputes arising from contracts.
  • Support legal department with conflict resolution processes.
  • Monitor changes in laws and regulations that may impact contract management.
  • Identify and mitigate potential risks associated with contracts.
  • Ensure appropriate risk management clauses are included in contracts to protect the organization's interests.
  • Conduct risk assessments and provide recommendations for risk mitigation.
  • Serve as the primary point of contact for internal and external stakeholders regarding contract matters.
  • Communicate contract status, key milestones, and potential issues to relevant stakeholders.
  • Other duties as assigned

Required Expertise

  • Bachelor's degree in Business Administration, Law, or a related field.
  • Previous experience (3+ years) in contract administration, legal, or procurement roles.
  • 5+ years of experience in healthcare contracting specific to pharmacy benefits.
  • Strong understanding of contract law, legal terminology, and contract management best practices.
  • Strong knowledge of business financial practices.
  • Strong analytical and problem-solving abilities.
  • Attention to detail and high level of accuracy in documentation.
  • Excellent writing and organizational skills.
  • Excellent interpersonal and communication skills (ability to explain contract terms in simple, everyday language).
  • Advanced negotiation skills.

Preferred Skills

  • Proficiency with contract management software and Microsoft Office Suite.
  • Ability to work independently and collaboratively in a fast-paced environment.
  • Excellent time management and organizational skills.
  • Ability to work independently and as part of a team.
  • Flexibility and adaptability to change.
  • Outgoing personality with strong interpersonal and social abilities.
  • Goal-oriented, self-starting, and able to work without constant supervision.
  • Resourceful and self-motivated in a remote work environment.
  • High level of integrity and adherence to ethical standards.
  • Customer-focused mindset with a commitment to delivering high-quality service.
  • Demonstrated problem solving and critical thinking skills.

What it's like to work with us

Expion Health has been challenging the industry status quo for over 30 years, leading with ground-breaking innovation in a wide variety of healthcare cost-management solutions. Embracing the latest opportunities that technology can offer within a rapidly evolving industry, we provide exceptional service, technology, and product innovation to meet greater challenges in healthcare cost management.

We have a distributed workforce so you can work from anywhere in the continental United States. Because of our distributed nature we have cultivated a connected culture that includes town halls, one-on-ones with executive leadership, educational forums, and even social clubs.

We offer comprehensive benefits package which includes the following:

  • 100% remote work
  • Medical, dental, and vision insurance
  • Short term disability and long-term disability
  • Life insurance and AD&D
  • Supplemental life insurance (Employee/Spouse/Child)
  • Healthcare and dependent care Flexible Spending Accounts
  • Healthcare Savings Account
  • 401(k) Savings and Investment Plan with company match
  • Paid time off
  • Phone and Internet Allowance