Contract Optimization Analyst

Ovation Healthcare; United States; On-site; USD 65,000 - 97,000; Full time

Benefits offered by this job

Health insurance

401(k) plan

Paid time off

Professional development

Job summary

Ovation Healthcare is seeking a Contract Optimization Analyst to support contract optimization across its member portfolio. The role focuses on coordinating contract workflows, analyzing pricing and terms, and assisting in supplier negotiations within healthcare procurement.

Ideal for an early-career professional aiming to build expertise in contracting, sourcing, and negotiations. The Analyst will grow to independently manage more complex pricing optimization activities, working with the

Qualifications

• Bachelor's degree or equivalent relevant professional experience required.

Responsibilities

• Support evaluation of contract pricing, terms, utilization, and spend to identify optimization opportunities.
• Review contract documentation and summarize relevant commercial terms, requirements, and opportunities.
• Coordinate LOC and SIP workflows from intake through completion and ensure completeness and traceability.
• Support negotiations through research, pricing analysis, contract review, and preparation of supporting information.
• Maintain tracking of S2, SIP, and LOC activity across assigned categories and monitor expirations.

Skills

Analytical thinking

Organizational skills

Problem-solving

Written communication

Verbal communication

Education

Bachelor's degree

Job description

About the JobSummary: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 & AnalysisSupport 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 ManagementCoordinate 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 SupportWork 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 & ReportingMaintain 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.BenefitsThe base compensation range for this position is:$64,626.69 - $96,940.03Compensation 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 coverageHSA with employer contributions, flexible spending accounts for health care, and dependent care accountsWellness platform with premium incentivesEmployee assistance support and additional voluntary supplemental plans including accident, critical illness, hospital indemnity, and child disability insuranceRobust and flexible paid time off offerings and company paid holidays401(k) plan with discretionary employer match opportunitiesProfessional development opportunitiesCompany issued equipment