Contract Specialist

Daymark Recovery Service; Salisbury (NC); On-site; USD 28,000 - 30,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance

Health Savings Account

Company-Paid Life Insurance

401(k)

Paid Holidays

Paid Vacation and Sick Leave

Short Term Disability

Employee Assistance Program

Referral Bonus Opportunities

Job summary

Daymark Recovery Services, Inc. is seeking a Contract Specialist to manage, prepare, and analyze contracts across the organization. The role ensures compliance with laws and internal standards while supporting strategic goals and coordinating with Finance, Credentialing and HR.

The position involves updating service codes, renewing contracts annually, and maintaining documentation. Strong attention to detail and knowledge of regulatory requirements are essential.

Qualifications

• Solid understanding of legal terminology and contract management.
• Ability to prepare, review and renew provider contracts.
• Experience with regulatory, CARF and other governmental requirements.

Responsibilities

• Prepare new provider contracts and renewals annually.
• Audit contracts to ensure documentation and compliance.
• Draft and update vendor contracts across locations.
• Track insurance enrollments and in-network rates with third parties.
• Assist with year-end audits and 1099 processes.
• Produce monthly reports to Finance, Credentialing and HR.
• Attend center management and company-wide meetings.

Skills

Contract analysis

Attention to detail

Regulatory compliance

Vendor management

Education

Associate degree in business, accounting or legal

Bachelor’s degree preferred

Job description

Company Mission/ statement:Our mission is to inspire and empower people to seek and maintain recovery and health. Daymark Recovery Services, Inc. is a mission driven, comprehensive community provider of culturally sensitive mental health and substance abuse services.Comprehensive Benefits Package:Medical, Dental and Vision InsuranceHealth Spending AccountCompany-Paid Life InsuranceShort Term Disability401(k)Paid HolidaysPaid Vacation and Sick LeaveEmployee Assistant ProgramReferral Bonus OpportunitiesExtensive Internal Training ProgramPay Scale: Starting pay $20-$22/hr. Based on education and experience level.Summary: Responsible for managing, preparing, and analyzing contracts for the organization. This position requires a solid understanding of legal terminology and a keen eye for detail to ensure compliance with all applicable laws and regulations. Contract Specialists work closely with various departments to facilitate clear and enforceable contracts, mitigate risks, and support the organization’s strategic goals.Essential Duties and Responsibilities:Work with MCO contract denials and updates to service codes and demographics as needed.Prepare new provider contracts and renew all provider contracts annually, ensuring all documents are obtained in order to be in compliance with standards within the company.Works with HR on provider contracts to ensure compliant with all regulatory, CARF and other governmental legal requirements.Provides reports monthly to Finance, Credentialing and HR departments.Prepares new provider contracts, obtain required documentation as needed and secures final approval/signed copies.Audit all contracts ongoing to ensure all documentation is valid and within required guidelines.Drafts and updates all vendor contracts for all locations, ensuring compliance with all required documentation.Track and enroll Daymark with third party insurance companies for in network rate, as well as updates of location addresses. Produce weekly updates to key staff on new insurance companies as well as renewals annually.Monitor and update UPS accounts by location.Monitor petty cash reports by all locations.Works with budgets for all contracts.Assists with year-end audits.Ensures DWI and Facility licensures renewals for all locations with DHHS by set deadlines. Submit DHHS change request for licensures as needed.Assists Staff Account III as neededAssist with year-end 1099 reports as needed.Attends and participates in center management meetings and appropriate company-wide meetings.Responsible for staying current on any mandatory contract languageAll other duties as assigned by supervisorEducation and/or Experience: Associate degree in business, accounting or legal required; Bachelor’s degree preferred. Two years of contract administration or similar role preferred. Equivalent combination of training and work experience will be considered. Basic accounting skills preferred.