Responsible for drafting various agreements using standard templates for the purchase of goods or services including consulting agreements, letters of agreement, non-disclosure agreements, business associate agreements and other contracts. The position is responsible for developing and implementing national and regional plans that meet new and existing customer requirements, assures member access to qualified providers for authorized services, and collaborates with key leaders to ensure adherence to budget and cost of care projections.
Reviews third party agreements to ensure the terms and conditions align with standard contract template terms and conditions.
Creates contract amendments, renegotiating the contract if required, to accommodate scope changes.
Requests or approves amendments to contract terms or contract extensions.
Works directly with internal and external stakeholders to negotiate and finalize agreements.
Ensures that all internal documentation to authorize the agreements is completed prior to execution including obtaining business and legal approvals.
Tracks and distributes executed contracts to third parties and internal stakeholders.
Responsible for development, modification, maintenance and review of ad hoc contracts and agreements in conjunction with Corporate Legal Counsel, in addition to the Provider Authorization and Referral policy.
Meets financial goals (e.g., care cost trends, profitability) as defined by the business, ensuring out-of-network provider ad hoc rates are contracted within agreements.
Responsible for maintaining executed contracts, the contract term library, the contracting procedural manual, updating and maintaining 25 contract templates, and tracking contract milestones including renewals in proprietary database.
Has fundamental knowledge of the principles and concepts in commercial or governmental contracting.
Other Job Requirements
Responsibilities
Ability to write, interpret and edit contract language as required.Comfortable taking initiative and working independently and effectively under pressure in a fast-paced, deadline-oriented environment.Demonstrated ability to prioritize, organize, and manage multiple tasks simultaneously.Strong working knowledge of MS Office Suite, specifically Excel.Health care administration experience. Strong preference for managed care experience.Excellent communication and negotiation skills. Effective problem solving skills.
General Job Information
Title
Contract Analyst - Specialty Markets
Grade
20
Work Experience - Required
Contract Administration and Management, Legal
Work Experience - Preferred
Education - Required
Associates - General Studies
Education - Preferred
Bachelors - General Studies
License and Certifications - Required
License and Certifications - Preferred
Salary Range
Salary Minimum:
$41,505
Salary Maximum:
$62,255
This information reflects the anticipated base salary range for this position based on current national data. Minimums and maximums may vary based on location. Actual pay will be adjusted based on an individual's skills, experience, education, and other job-related factors permitted by law.
This position may be eligible for short-term incentives as well as a comprehensive benefits package. Magellan offers a broad range of health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing.
Note: For Union-represented and Service Contract Act (SCA) positions, wage rates are governed by applicable bargaining agreement provisions or the defined SCA contract provisions.
Magellan Health, Inc. is proud to be an Equal Opportunity Employer and a Tobacco-free workplace. EOE/M/F/Vet/Disabled.Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their position; and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures.
Magellan is the employer of choice for hard working people interested in making a difference in the health care industry and in the communities where we work and live. Our strong culture of caring is the common thread in both our business strategy and our work environment. We value professional growth and development, total health and wellness, rewards and recognition as well as employee unity. Magellan is a place where you can thrive.
Magellan is committed to providing equal employment opportunities to employees and applicants for employment without regard to race, color, creed, religion, sex, gender identity and expression, sexual orientation, marital status, age, national origin, ancestry, citizenship, physical or mental disability, disabled veteran or veteran of the Vietnam Era status, or any other factors protected by law.
Magellan is committed to meeting applicable Federal labor and employment law posting requirements by providing necessary posters in a format which is easily accessible and conspicuous to all applicants. Copies of applicable posters are accessible by clicking here (https://www.magellanhealth.com/media/760295/mg-federal-contractors-applicant-english.pdf) .
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Please know that Magellan Health does not interview any candidate through email, nor do we issue checks to candidates to set up home offices. All of our available positions are posted on legitimate job boards and our recruitment team directly contacts candidates should there be a fit.
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