Commercial Business Analyst
Sonora Quest Laboratories / Laboratory Sciences of Arizona · Yakima, Washington, United States
Hospitals and Health Care · 1,001-5,000 employees
About the role
The Commercial Business Analyst coordinates, reviews, and maintains pricing and contractual agreements while ensuring compliance with company policies. They also perform financial modeling to assess contract impact and provide recommendations to guide business decisions.
What they look for
Requirements
Candidates must hold a bachelor's degree in business, healthcare, or a related field. A minimum of four years of experience in business or systems analysis is required.
Full description
Primary City/State:
Phoenix, Arizona
Department Name:
Marketing-Ref Lab
Work Shift:
Day
Job Category:
General Operations
Join a mission-driven diagnostics organization where your work directly supports better patient care. We are seeking a collaborative and detail-oriented Commercial Business Analyst to support the review, interpretation, and coordination of commercial agreements, RFPs, pricing requests, renewals, and related documentation. In this role, you'll assess financial and contractual impact, identify potential risks, and provide clear, well-supported recommendations to inform sound business decisions. Partnering closely with legal, finance, operations, and customer-facing teams, you'll apply your expertise in contract and pricing administration to drive results. If this is your background, we'd love to speak with you. Apply and come do great work on behalf of better health!
POSITION SUMMARY This position is responsible for coordinating, reviewing, revising, implementing, and maintaining pricing and contractual agreements within certain divisions and will engage with internal and external partners to fulfill agreements and ensure they comply with company policies, procedures, strategies, and compliance obligations.
Performs all functions according to established policies, procedures, regulatory and accreditation requirements, as well as applicable professional standards.
CORE FUNCTIONS 1. Reviews, and coordinates commercial contracts, RFPs, or other related documents for execution by appropriate company leader and in coordination with the Company’s legal team. Resolves contract issues by reviewing and interpreting contract terms and originating contract documentation. Creates approved templates for submission to clients. Verifies intent of proposed contract and ensures contract initiatives are fulfilled in accordance with internal and external expectations.
2. Assesses the financial impact of potential and ongoing contracts by building models and performing analysis to measure sound financial returns and other impact metrics. Reviews proposed changes and forecasts risk and effectively communicates financial impact to key stakeholders in order to guide data-based decision making and offer options.
3. Facilitates and collaborates with appropriate departments and teams to develop a strategy to implement initiatives agreed to, including setting up metrics to evaluate performance. Ensures executed contracts are tracked and stored in accordance with company policies. Conducts periodic audits in conjunction with other relevant departments to ensure services being provided to clients are in alignment with contracts in place (IOPs, logistics services, etc.).
4. Coordinates the renewal process with applicable departments to extend, expand and renew expiring agreements across the Customer Organization. Includes Government-related agreements, billing arrangements, pricing, RFP awards, innovation contracts, and payer contracting.
5. Collaborates with the appropriate subject matter experts to ensure compliance with current laws, regulations, and internal standards and is the point of contact for ongoing questions and serve as the department representative for any special projects and initiatives involving commercial and innovation contract administration.
6. Evaluates and processes pricing requests from internal stakeholders. The evaluation must include a holistic view the revised pricing will have on the business including the returns for the Company. This position will establish a rigorous pricing process with the intent of streamlining the process and establishing return thresholds. This function will be done in coordination with other departments to ensure timely implementation and sound returns of new and revised pricing.
NOTE: The core functions are intended to describe the general content and requirements of this position and are not intended to be an exhaustive statement of duties. Specific tasks or responsibilities will be documented as outlined by leadership.
KNOWLEDGE, SKILLS AND ABILITIES
- Excellent analytical and organizational skills.
- Excellent written and oral communication skills.
- Ability to manage multiple priorities with changing needs and deadlines.
- Excellent human relations skills and the ability to effectively interact and communicate both verbally and in writing with all levels of staff and outside professionals.
- Ability to think strategically; and ability to collaborate within a cross-functional environment.
- A high level of proficiency with Microsoft Office
- Ability to manage multiple time-sensitive projects and work independently
- Demonstrated knowledge with content and structure of legal contracts
- Ability to maintain confidentiality and protect operations by keeping a high degree of confidentiality on all sensitive information.
MINIMUM QUALIFICATIONS
- Bachelor's degree in Business, Healthcare or related field or equivalent education and experience.
- Four (4) years of experience in business/systems analysis work.
PREFERRED QUALIFICATIONS
- Working knowledge of business and contract law relating to healthcare or clinical laboratory issues.
- Additional related education and/or experience.
EEO Statement:
EEO/Disabled/Veterans
Our organization supports a drug-free work environment.
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