Price Assurance Analyst

Inova Health | Price Assurance Analyst | Full-time Monday-Friday | Hybrid work schedule

Long Description:
Inova Health is looking for a dedicated Price Assurance Analyst to join the team. This role is full time day shifts working Monday-Friday with a Hybrid work schedule

Inova is consistently ranked a national healthcare leader in safety, quality and patient experience. We are also proud to be consistently recognized as a top employer in both the D.C. metro area and the nation.

Featured Benefits:

• Committed to Team Member Health: offering medical, dental and vision coverage, and a robust team member wellness program.

• Retirement: Inova matches the first 5% of eligible contributions - starting on your first day.

• Tuition and Student Loan Assistance: offering up to $5,250 per year in education assistance and up to $10,000 for student loans.

• Mental Health Support: offering all Inova team members, their spouses/partners, and their children 25 mental health coaching or therapy sessions, per person, per year, at no cost.

• Work/Life Balance: offering paid time off, paid parental leave, flexible work schedules, hybrid career opportunities.

Price Assurance Analyst Job Responsibilities:

• Reviews pricing list and convert to the contract template; Ensures accurate data that can be used in our ERP system.
• Maintains accurate pricing and supplier part numbers for IM and non-IM items.
• Administers the MMIS and GPO contract management platforms and defines required information such as vendor, description, type, responsible party and expiration date while revising specifications as business needs change.
• Minimizes the use of physical contract files while migrating as many contracts to electronic platforms as possible.
• Establishes, maintains and enforces contract naming conventions when updating contract attributes including effective dates and contract number.
• Trends vendor performance related to specific vendor performance expectations outlined in the contract as well as any other vendor performance issues such as recall and selling products off of contract.
• Reviews pricing issues that are escalated by procurement and resolved in a timely manner.
• Researches and resolves price discrepancies identified by our content management tool.
• Reviews GHX PI Contract Utilization to maintain business standards and contract alignment between ERP and contract database.
• Works with Sourcing/Contracting team, vendors, buyers and Accounts Payable to resolve issues in a timely manner; Identifies and communicates training issues and procedural changes that need to be implemented to make the system run more effectively.
• Identifies best practices for managing cost messages such as improvements to the MMIS contract management function and overall procure to pay process.

Minimum Requirements:

• Education: Bachelor's degree in related field (or 4 additional years of relevant experience in lieu of degree)
• Experience: 3 years of experience in supply chain operations