Contract Optimization Analyst

QHR Health, LLC dba Ovation Healthcare; Brentwood (TN); On-site; USD 65,000 - 97,000; Full time

Benefits offered by this job

Health benefits

HSA with employer contributions

Paid time off

Job summary

Ovation Healthcare in Brentwood, Tennessee invites applications for a Contract Optimization Analyst. You will support contract optimization across our member hospitals, coordinate workflows, analyze pricing, and assist with supplier negotiations for developing expertise in healthcare contracting.

Work closely with the Optimization Manager and supply chain teams on LOCs, SIPs, contract research, and portfolio reporting. A Bachelor’s degree and 1–3 years in contracting or procurement are preferred.

Qualifications

• Bachelor's degree or equivalent relevant professional experience required.
• 1–3 years of experience in contracting, procurement, sourcing, supply chain, or related field preferred.
• Experience reviewing contracts or commercial agreements preferred.

Responsibilities

• Evaluate contract pricing, terms, utilization, and spend to identify optimization opportunities.
• Summarize contract terms and compare pricing against existing arrangements and GPOs.
• Support supplier negotiations and prepare pricing analyses.
• Manage LOCs and SIPs workflows from intake to completion.
• Maintain tracking of activity and prepare portfolio reports and stakeholder communications.

Skills

Analytical skills

Organizational skills

Problem solving

Education

Bachelor's degree

Job description

About the Job Summary

The Contract Optimization Analyst supports Ovation Healthcare's contract optimization activities across its member portfolio. This role is responsible for coordinating and managing contract-related workflows, analyzing contract and pricing information, supporting supplier negotiations, and helping identify opportunities to improve contract value for member hospitals. The position is designed for an early-career professional interested in developing expertise in healthcare supply chain, contracting, sourcing, and negotiations. The Analyst will initially assume responsibility for defined operational activities, including Letters of Commitment (LOCs), Standardization Incentive Programs (SIPs), contract research, documentation, and request tracking, while progressively developing the skills necessary to support and independently manage more complex contract pricing optimization activities. This role works closely with the Optimization Manager, Supply Chain leadership, clinical subject‑matter experts, suppliers, and other internal and external stakeholders.

Duties and Responsibilities

Contract Optimization & Analysis Support evaluation of 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 against existing member arrangements and applicable GPO agreements. Support preparation and analysis for supplier negotiations. Develop the ability to independently manage contract pricing optimization opportunities of increasing complexity as knowledge and experience grow.

LOC & SIP Management

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. Maintain visibility into pending requests, outstanding information, and required follow‑up. Communicate with internal stakeholders, members, our GPO partner, and suppliers as appropriate to resolve outstanding items.

Supplier & Contract Support

Work with suppliers to obtain pricing, contract documentation, and other information necessary 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.

Portfolio Management & Reporting

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 related to 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.

Work Experience, Education, and Certifications

Bachelor's degree or equivalent relevant professional experience required. 1–3 years of experience in contracting, procurement, sourcing, supply chain, vendor management, healthcare, legal support, or a related field preferred. Experience reviewing contracts or commercial agreements preferred. Paralegal, contract administration, procurement, sourcing, or healthcare supply chain experience preferred. Exposure to supplier negotiations or other commercial discussions preferred. Experience working with healthcare purchasing and/or GPO arrangements is a plus.

Knowledge, Skills, and Abilities

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.

Benefits

The base compensation range for this position is: $64,626.69 - $96,940.03 Compensation ranges could be hourly or salary depending upon the exempt status of the posted position. Beginning compensation is determined based on objective factors such as location, qualifications, skills, certifications, and experience. Typically, a candidate is hired in the lower to midpoint of the range; the top end of the range is reserved for candidates with extensive specialized experience and mastery within the role. Compensation may increase over time based on performance, experience, and tenure. Compensation is only part of Ovation's total compensation package. Some additional benefits offered to full‑time associates are: Comprehensive health and wellness benefits such as medical, dental, vision, life insurance, 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 additional voluntary supplemental plans including accident, critical illness, hospital indemnity, and child disability insurance Robust and flexible paid time off offerings and company paid holidays 401(k) plan with discretionary employer match opportunities Professional development opportunities Company issued equipment.

Ovation will never contact applicants via Chatwork or any other messaging platform outside of our official channels. If you receive any communication claiming to be from Ovation through Chatwork or any unauthorized platform, please disregard it and report it to us immediately. Our official communication will always come from our company email domain or through recognized professional channels like LinkedIn. If you have any questions or concerns regarding the authenticity of a communication, please contact us directly at [e-mail] for verification.

Headquartered in Brentwood, Tenn.

Ovation Healthcare partners with 375+ hospitals and health systems across 47 states. For 45+ years, Ovation Healthcare has supported hospitals and health systems through a portfolio of shared services - Leadership Advisory, Spend Management, Revenue Cycle Management, and Technology Services - designed to provide scale and efficiency to hospital business operations.