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Title
Text copied to clipboard!Pharmacy Contract Specialist
Description
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We are looking for a Pharmacy Contract Specialist to join our team and play a critical role in managing, negotiating, and administering contracts within the pharmacy sector. The ideal candidate will possess a strong understanding of pharmacy operations, healthcare regulations, and contract law. As a Pharmacy Contract Specialist, you will be responsible for ensuring that all contracts with suppliers, manufacturers, insurance companies, and other stakeholders are compliant, cost-effective, and aligned with organizational goals. You will work closely with legal, procurement, and pharmacy teams to draft, review, and negotiate contracts, ensuring that all terms and conditions protect the interests of the organization while fostering positive relationships with partners. Your expertise will be essential in monitoring contract performance, identifying potential risks, and recommending improvements to contract processes. You will also be expected to stay up-to-date with changes in healthcare regulations and industry best practices, ensuring that all contracts reflect current standards. The successful candidate will have excellent communication, analytical, and organizational skills, with a keen eye for detail and the ability to manage multiple projects simultaneously. This role offers the opportunity to make a significant impact on the efficiency and compliance of pharmacy operations, contributing to the overall success of the organization.
Responsibilities
Text copied to clipboard!- Draft, review, and negotiate pharmacy-related contracts and agreements.
- Ensure compliance with healthcare regulations and organizational policies.
- Collaborate with legal, procurement, and pharmacy teams on contract matters.
- Monitor contract performance and manage renewals or amendments.
- Identify and mitigate contractual risks.
- Maintain accurate records of all contracts and related documents.
- Analyze contract terms to ensure cost-effectiveness and alignment with goals.
- Provide guidance on contract interpretation and dispute resolution.
- Stay updated on industry trends and regulatory changes.
- Support audits and respond to contract-related inquiries.
Requirements
Text copied to clipboard!- Bachelor’s degree in pharmacy, business, law, or related field.
- Experience in contract management or pharmacy operations.
- Strong knowledge of healthcare regulations and compliance.
- Excellent negotiation and communication skills.
- Attention to detail and strong organizational abilities.
- Ability to manage multiple projects and deadlines.
- Proficiency with contract management software and MS Office.
- Analytical and problem-solving skills.
- Ability to work independently and as part of a team.
- Experience with vendor or supplier management is a plus.
Potential interview questions
Text copied to clipboard!- What experience do you have with pharmacy contract negotiation?
- How do you ensure compliance with healthcare regulations in contracts?
- Describe a challenging contract situation you have managed.
- What contract management software are you familiar with?
- How do you prioritize multiple contract projects?
- Can you provide an example of cost savings achieved through contract negotiation?
- How do you handle disputes or disagreements in contract terms?
- What steps do you take to stay updated on industry regulations?
- Describe your experience working with cross-functional teams.
- What is your approach to risk assessment in contract management?
