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The Contract Analyst – Supply Chain is responsible for supporting the sourcing, negotiation, implementation, and ongoing management of contracts for clinical and non-clinical supplies. This role ensures contract pricing accuracy, compliance with Group Purchasing Organization (GPO) agreements, and alignment with hospital cost containment initiatives. The analyst plays a key role in maintaining item master integrity, conducting pricing audits, and identifying savings opportunities across the supply portfolio.

Key Responsibilities

Procurement Contract Management

• Review, analyze, and interpret supplier contracts for medical, surgical, and non-clinical supplies
• Support sourcing events (RFPs, bids, vendor evaluations) with data analysis and pricing comparisons
• Maintain contract repository, ensuring accurate tracking of terms, pricing tiers, rebates, and expiration dates
• Coordinate contract implementation with Procurement, Value Analysis, and Inventory teams

Pricing Integrity & Item Master Alignment

• Validate and maintain contract pricing within the item master and ERP system
• Ensure accurate linkage of supplier item numbers and manufacturer part IDs
• Monitor contract price changes and update systems accordingly
• Resolve discrepancies between contract terms, purchase orders, and invoices

Audit & Compliance

• Conduct regular pricing audits comparing contract pricing to supplier invoices
• Identify overcharges, missed GPO pricing, and non-compliant purchases
• Work with Accounts Payable and vendors to recover credits and resolve discrepancies
• Ensure compliance with GPO agreements, local contracts, and organizational policies

Spend Analytics & Cost Savings

• Analyze purchase and utilization data to identify standardization and cost reduction opportunities
• Track and report realized and potential savings from contracting initiatives
• Support value analysis projects by providing financial and utilization insights
• Benchmark pricing against GPO contracts and market data

Vendor & Stakeholder Collaboration

• Serve as a liaison between vendors, Supply Chain, Clinical departments, and Finance
• Assist in vendor performance reviews and quarterly business reviews (QBRs)
• Support contract negotiations by providing detailed pricing models and volume analysis

Reporting & Systems

• Develop and maintain dashboards for contract compliance, pricing accuracy, and savings performance
• Utilize ERP and contract management systems (e.g., Lawson, PeopleSoft, Oracle)
• Generate reporting for leadership on contract status, spend, and compliance metrics

Key Performance Indicators (KPIs)

• Contract price accuracy in item master
• % of spend under contract (contract compliance rate)
• Identified and realized cost savings
• Invoice discrepancy and overcharge recovery rate
• Timeliness of contract implementations and updates

Qualifications

Education

• Bachelor’s degree in Supply Chain Management, Business, Finance, Healthcare Administration, or related field required

Experience

• 2–5+ years of experience in supply chain contracting, procurement, or healthcare finance
• Hospital or healthcare system experience strongly preferred
• Experience with GPO contracting (e.g., Vizient, Premier, HealthTrust) highly preferred

Required Skills

• Strong understanding of procurement contracting and pricing structures for supplies
• Advanced Excel skills (pivot tables, VLOOKUP/XLOOKUP, data modeling)
• Experience with item master data management and contract price validation
• High attention to detail and data accuracy
• Strong analytical, problem-solving, and auditing skills
• Ability to manage large datasets and multiple contracts simultaneously
• Effective communication and collaboration skills

Preferred Skills

• Experience performing contract compliance audits and invoice validation
• Familiarity with clinical supply categories (e.g., implants, med/surg, lab, pharmacy)
• Knowledge of rebate structures, tiered pricing, and committed spend agreements

Salary Range: $60,000 - $65,000/annually

Day shift: Mon-Fri - 8am - 4pm

Employment Non-Discrimination: Richmond University Medical Center is committed to equality of opportunity in all aspects of employment and provides full and equal employment opportunities to all employees and potential employees without regard to race, color, national origin, religion, gender identity, sex, sexual orientation, pregnancy, childbirth and related medical conditions and needs including lactation accommodations, physical or mental disability, age, immigration or citizenship status, veteran or active military status, genetic information, or any other legally protected status.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!