Contract Specialist

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 needed.
• Assist 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 language.
• All other duties as assigned by supervisor.

Education 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.