Contracts Analyst I

Posted 2 Days Ago
Be an Early Applicant
Minneapolis, MN, USA
In-Office
75K-95K Annually
Mid level
Biotech
The Role
Support contracting and pricing operations for a medical device company by processing agreements, managing account activations, maintaining contract and pricing data, coordinating cross-functional stakeholders, tracking renewals and expirations, and improving reporting and contract management processes.
Summary Generated by Built In

ABOUT INSPIRE MEDICAL SYSTEMS 

Inspire is the first of its kind medical device designed to make a difference in the lives of those living with Obstructive Sleep Apnea (OSA). We are revolutionizing the sleep industry with our FDA-approved medical device, designed to reduce OSA severity for those who cannot tolerate or get consistent benefit from CPAP. Inspire Medical Systems is committed to enhancing patients’ lives through sleep innovation.  We are steadfast in our commitment to prioritize patient outcomes, act with integrity and lead with respect. With positive persistence at our core, we are committed to all those we serve.

WHY JOIN OUR FAST-GROWING TEAM 

At Inspire, we value people – your diverse experiences, backgrounds, and thoughts. We elevate voices and encourage learning opportunities to build a professional network that grows into community. We embrace a people-first culture by offering excellent benefits, 401k matching, ESPP, flexible time off (FTO), and tuition reimbursement. 

If you’re passionate about making a difference in people’s lives and want to work with innovative technology, come be a part of our great team! 

POSITION SUMMARY 

This analyst level position will require strong skills in project & process management, problem solving, building & managing relationships, negotiation, and strategic thinking. This person is responsible for supporting the contracting program and the platforms that support it. In addition to field sales, this position will interface with Legal, Operations, Finance, Marketing and other functional areas to ensure contracting and pricing consistency across the organization. This position must ensure all supported activities are managed in accordance with applicable policies and procedures. The individual in this role must be flexible to changing priorities and able to work with limited supervision. 

MAIN DUTIES/RESPONSIBILITIES 

  • Support the contracting function to ensure consistent, timely and accurate processing of pricing agreements, business associate agreements, and other related contracts 
  • Execute on new account activations and shepherd applicable processes 
  • Support the contract administration of new products 
  • Collaborate with internal and external customers to provide superior customer service and quality assurance support regarding terms, pricing, and membership. 
  • Assist in the contract administration of government and strategic account contracts 
  • Manage the data entry of contracts and pricing into contract management systems 
  • Maintenance and review of membership changes to key health systems to ensure proper contract access and correct reporting 
  • Suggest and execute reporting enhancements that improve contracting health 
  • Support response to pricing platforms such as med approved, greenlight medical, ironclad 
  • Ensure all contract response documents are up to date, track expirations and renewals 
  • Maintenance, tracking and recording of letters of commitment as applicable for major contracts 
  • Implement contracting process and policies consistent with Inspire’s businesses needs and strategic direction 
  • Understand and comply with all laws, regulations and/or company policies 

QUALIFICATIONS 

Educational Requirements: 

Required 

  • Bachelor’s degree 

Preferred 

  • Masters degree in a related field such as Business Administration 

Required Experience: 

  • 3 or more years’ experience in one or more of the following fields: Sales Operations, Contracting and Pricing, Sales, Marketing. 
  • Demonstrated skill in the areas of: project management, building and maintaining relationships, problem solving and strategic thinking 
  • Strong understanding and working knowledge of computer databases and systems 
  • Proficient in MS Excel as well as MS Office suite 
  • Demonstrated ability to complete assignments of increasing complexity 
  • Ability to work on multiple tasks concurrently with changing priorities 
  • Demonstrated ability to prioritize, execute and report on projects 

Preferred Experience: 

  • Multiple years of experience with pricing and contracting in the medical device industry 
  • Proficient in one or more data visualization tools such as PowerBI or Tableau 
  • Previous or current experience with one or more customer relationship management systems such as MS Dynamics or SalesForce. 

#LI-Onsite

The salary for this position will be offered at a level consistent with the experience and qualifications of the candidate. This information reflects the anticipated salary range for this position at the time of posting. The salary range may be modified in the future and actual compensation may vary from the posting based on various factors such as geographic location, work experience, education and/or skill level.   

Salary
$75,000$95,000 USD

BENEFITS AND OTHER COMPENSATION

Inspire offers a highly competitive benefits package including (general description of the benefits and other compensation offered):

  • Multiple health insurance plan options.
  • Employer contributions to Health Savings Account.
  • Dental, Vision, Life and Disability benefits.
  • 401k plan + employer match.
  • Identity Protection.
  • Flexible time off.
  • Tuition Reimbursement.
  • Employee Assistance program.
  • All employees have the opportunity to participate in the ownership and success of Inspire. Employees at all levels can participate through equity awards and the Employee Stock Purchase Program.

Inspire Medical Systems provides equal employment opportunity (EEO) to all employees and applicants without regard to race, color, religion, creed, sex, national origin, age, disability, marital status, familial status, sexual orientation, status regarding public assistance, membership or activity in a local commission, military or veteran status, genetic information, pregnancy or childbirth, or any other status protected by applicable federal, state, and local laws. This policy applies to all aspects of the employment relationship, including recruitment, hiring, compensation, promotion, transfer, disciplinary action, layoff, return from layoff, training, and social and recreational programs. Inspire Medical Systems complies with applicable laws governing non-discrimination in employment in every location in which Inspire Medical Systems has facilities. All such employment decisions will be made without unlawfully discriminating on any prohibited basis. 
 
Inspire Medical Systems is an equal opportunity employer with recruitment efforts focused on ensuring a diverse workforce. Applicants with a disability that need accommodation to complete the Inspire Medical Systems application process should contact Human Resources at 844-672-4357 or email careers@inspiresleep(dot)com  
 
Inspire Medical Systems participates in E-Verify. 

Skills Required

  • Bachelor's degree
  • 3 or more years' experience in Sales Operations, Contracting and Pricing, Sales, or Marketing
  • Project management, relationship building, problem solving, and strategic thinking skills
  • Strong understanding and working knowledge of computer databases and systems
  • Proficient in Microsoft Excel and Microsoft Office suite
  • Ability to work on multiple tasks concurrently, prioritize, execute and report on projects
  • Master's degree in a related field such as Business Administration
  • Multiple years of pricing and contracting experience in the medical device industry
  • Proficiency in data visualization tools such as Power BI or Tableau
  • Experience with CRM systems such as Microsoft Dynamics or Salesforce
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The Company
HQ: Cockeysville, MD
962 Employees
Year Founded: 2007

What We Do

Inspire Medical Systems, Inc. has developed the world’s first fully implanted neurostimulation device approved by the FDA for the treatment of Obstructive Sleep Apnea (OSA). The Inspire system uses well-established neurostimulation technologies and incorporates a proprietary algorithm that stimulates key airway muscles based on a patient’s unique breathing patterns. Inspire therapy is designed to reduce OSA severity and improve quality of life for patients living with this challenging condition.

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