Contract Specialist
General Summary of Position
Performs a variety of corporate duties to support creation, processing, management, and termination of contracts, to include physician contracts and vendor contracts for MedStar Health, Inc. Maintains a standardized and centralized system of contract administration, contract compliance and contract database management. Directs the contract negotiations and management functions in a confidential nature to support the General Counsel, Executive Deputy General Counsel, and Legal Department in a manner that is compliant with all state, federal, and industry guidelines.
Education Level
Bachelor’s degree from an accredited college or university, Required or equivalent combination of education and experience in contract reviews and management. Required
Experience
3-4 years Work related experience including contract drafting and negotiation, contracts administration, and contract management. Required or Equivalent combination of education and experience including current enrollment in law school Required
Minimum Qualifications
Knowledge, Skills, and Abilities
- Excellent attention to detail and organizational skills required.
- Independent judgment and problem solving ability required.
- Proficient in Microsoft Word, Excel, and Outlook.
- Excellent professional skills and advanced knowledge of corporate and/or health care legal work.
- Strong project management, computer, drafting, proofreading, research and organizational skills.
- Ability to work professionally and independently on assigned tasks and to complete assignments in a timely manner with great attention to detail.
- Strong writing, verbal communication and customer service skills.
- Ability to effectively communicate with all levels of staff and leadership.
Primary Duties and Responsibilities
Coordinates contracting activities for MedStar physician organization including meeting with relevant stakeholders, planning for business transactions, due diligence, and physician acquisitions and integrations as well as onboarding of new hires, and documentation of transfers, promotions and other changes in physician relationships.
Drafts and documents accurate physician arrangements in compliance with institutional policies, Medicare fraud and abuse statutes, Stark Law, IRS and INS requirements, and state and local laws.
Prepares, revises, distributes, and conducts training for business units regarding contracting processes and roles and responsibilities.
Develops and contributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards and safety standards. Ensures compliance with hospital/facility policies and procedures and governmental/accreditation.
Maintains and assures confidentiality of all contract and compensation information for physicians. Assures all terminated agreements are archived and retained.
Prepares, reviews, negotiates and revises business contracts and other agreements (i.e., purchase agreements, supply chain agreements, service agreements, license and information technology agreements, confidentiality agreements, non-disclosure agreements, business associate agreements, affiliation agreements, patient transfer agreements, data security exhibits and management and service agreements, etc. ) to manage legal, compliance and management risks.
Updates and maintains accurate and complete contract tracking databases: one containing all physician arrangements across MedStar Health and one containing all commercial contracts across MedStar Health.
Creates and maintains contract templates, standard terms and conditions, best practices, and policies and procedures related to physician and commercial contract administration.
Engages with key stakeholder departments including risk management, compliance and privacy, human resources, information technology, finance, real estate, supply chain and MedStar entity operations personnel and other departments to solve complex problems to meet business goals in a legally compliant way.
Creates and maintains written standard operating procedures for all job-related processes.
Independently manages and prioritizes workload while adhering to deadlines.
Leads projects from initial implementation through closure while being a self-motivated and organized member of the Legal Department.
Identifies and coordinates responses to internal and external requests for contract and other business information.
Oversees and leads projects from initial implementation through closure while being a self-motivated, organized, essential member of the Legal Department team.
Participates in multidisciplinary quality and service improvement teams as appropriate. Participates in meetings, serves on committees and represents the department and hospital/facility in community outreach efforts as appropriate.
Performs other duties as assigned and contributes to overall success of the Legal Department.
Why MedStar Health?
At MedStar Health, we understand that our ability to treat others well begins with how we treat each other. We work hard to foster an inclusive and positive environment where our associates feel valued, connected, and empowered. We live up to this promise through:
- Strong emphasis on teamwork—our associates feel connected to each other and our mission as an organization. In return, our effective team environment generates positive patient outcomes and high associate satisfaction ratings that exceed the national benchmark.
- Comprehensive total rewards package—including competitive pay, generous paid time off, great health and wellness benefits, retirement savings, education assistance, and so much more.
- More career opportunities closer to home—as the largest healthcare provider in the Baltimore-Washington, D.C. region, there are countless opportunities to grow your career and fulfill your aspirations.
About MedStar Health
MedStar Health is dedicated to providing the highest quality care for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation, and research. Our team of 32,000 includes physicians, nurses, residents, fellows, and many other clinical and non-clinical associates working in a variety of settings across our health system, including 10 hospitals and more than 300 community-based locations, the largest home health provider in the region, and highly respected institutes dedicated to research and innovation. As the medical education and clinical partner of Georgetown University for more than 20 years, MedStar Health is dedicated not only to teaching the next generation of doctors, but also to the continuing education, professional development, and personal fulfillment of our whole team. Together, we use the best of our minds and the best of our hearts to serve our patients, those who care for them, and our communities. It’s how we treat people.