Contract Specialist
2 weeks ago
Ardent Health is a leading provider of healthcare in growing mid-sized urban communities across the U.S. With a focus on people and investments in innovative services and technologies, Ardent is passionate about making healthcare better and easier to access. Through its subsidiaries, Ardent delivers care through a system of 30 acute care hospitals, 24,000+ team members and more than 280 sites of care with over 1,800 affiliated providers across six states.
POSITION SUMMARY:
The Contract Specialist is responsible for managing the full lifecycle of contracts related to clinical and non-clinical services acquired from external vendors. This includes services such as IT, staffing, consulting, facilities management, and other operational functions. The specialist ensures cost-effectiveness, risk mitigation, and compliance while supporting internal stakeholders and optimizing vendor relationships.
Responsibilities- Analyze spend data and internal benchmarks to identify cost-saving and efficiency opportunities in purchased services and clinical contracts.
- Lead the end-to-end contracting process, from issuing Requests for Proposal (RFPs) through contract award, execution, renewals, and terminations.
- Negotiate favorable terms, pricing, and performance clauses to align with organizational objectives and minimize financial and operational risk.
- Collaborate with legal, finance, and compliance teams to ensure all contracts adhere to applicable laws, regulations, and internal policies.
- Act as the primary liaison for vendors, address performance issues, manage escalations, and drive vendor accountability.
- Monitor industry trends, supplier capabilities, and procurement best practices to inform sourcing strategies and vendor selection.
- Partner with internal departments to gather requirements, align contract goals with business needs, and ensure transparency in contract-related activities.
- Maintain accurate records of all contracts, amendments, renewals, and relevant communications in accordance with organizational standards.
- Generate and present regular reports on contract performance, savings, compliance metrics, and vendor scorecards to leadership and stakeholders.
Qualifications
Education & Experience:
- Bachelor's degree in supply chain management, Business Administration, or a related field
- 5+ years of progressive experience in supply chain contracting and/or purchased services
Knowledge, Skills & Abilities:
- Proven ability to lead cross-functional teams and collaborate with key stakeholders
- Demonstrated strength in analytical thinking, negotiation, communication, leadership, and problem-solving skills
- Advanced expertise in negotiating complex contracts and leading purchased services initiatives, preferred.
- Proven ability to analyze spend data and market trends to support data-driven decision-making, preferred.
- Strong proficiency in Microsoft Excel, including advanced functions (e.g., VLOOKUP, pivot tables) for procurement data analysis and reporting, preferred.
- #LI-BB1
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