Job Summary:
The Director of Value Analysis guides the review and selection of product, services, and technology across the Clinical Spend landscape based on cost,
quality, and patient outcome data. The role requires effective leadership and collaboration with internal and external stakeholders to identify opportunities, deliver high quality results, and improve the cost of care. The Director of Value Analysis will direct and be part of the system wide, Value Analysis (VA) process.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Identifies utilization improvement and waste reduction opportunities with a focus on safety, efficiency, and affordability; leads initiatives to delivery results.
- Reviews and/or oversees review of new product requests; completes clinical product cross matches, and cost analysis for consideration by VAT; oversees coordination of product evaluations and ensures education is complete prior to evaluation and/or permanent adoption.
- Facilitates consensus among clinical stakeholders; determines and resolves barriers.
- Determines acceptable clinical substitutes for items recalled or on backorder; consults appropriate clinical stakeholders as needed.
- Investigates product failures; works with vendors and internal stakeholders to determine root causes and implement solutions.
- Partners on quality improvement initiatives where vendor goods and services are utilized.
- Negotiates with Vendors to achieve best possible price/utilization of approved products, equipment, or services that support patient care.
- Assists in annual cost reduction plan development and delivers results based on plan; creates presentations to share data and engage stakeholders in decisions.
- Participates in the planning and implementation of new technologies, procedures, and services to support day-to-day operations and clinical practice.
- Fosters relationships with Premier, Yankee Alliance, and suppliers.
- Supports and promotes the mission and values of Covenant Health and the Catholic Health Ministry.
- Other duties as consistent with this role.
JOB REQUIREMENTS:
Job knowledge and skills
- Excellent verbal and written communication skills; detail oriented in all notes and documentation.
- Excellent project management skills
- Ability to proactively prioritize needs and effectively manages resources.
- Ability to guide individuals and groups toward desired outcomes, setting high performance standards and delivering high quality results.
- Intermediate to advanced skill in use of Microsoft products including Word, Excel, PowerPoint, Outlook, etc.
- Ability to achieve targeted results through influence, negotiation, and delegation.
- Knowledge of materials management, purchasing, contracting, and vendor management functions.
- Establish and maintain professional and collaborative working relationships with suppliers, physicians, nurses, and other stakeholders.
- Demonstrable commitment to the highest standard of ethical and professional conduct.
- Knowledge of healthcare finances and revenue/expense operations.
- Knowledge of medical terminology and applications.
- Analytical and problem-solving skills necessary to make sound recommendations based on data. Able to develop summary information that is current and accurate.
Education & Experience:
- Bachelor’s degree in nursing preferred. Bachelor’s degree in finance, Business Management, Healthcare Administration or related field required; Master’s degree a plus
- Ten years of experience in healthcare management or related role; Supply Chain experience a plus
- Five years supervisory experience required
- Effective presentation skills
An equivalent combination of education and experience which provides proficiency in the areas of responsibility listed above may be substituted for the above education and experience requirements.
WORKING CONDITIONS/PHYSICAL DEMANDS:
Normal office environment. Travel to hospital sites required.
AMERICANS WITH DISABILITIES STATEMENT:
Must be able to perform all essential functions of this position with reasonable accommodation if disabled.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Covenant Health reserves the right to modify position duties at any time, to reflect process improvements and business necessity.
Covenant Health Mission Statement
We are a Catholic health ministry, providing healing and care for the whole person, in service to all in our communities.
Our Core Values:
•Compassion
We show respect, caring and sensitivity towards all, honoring the dignity of each person, especially the poor, vulnerable and suffering.
•Integrity
We promote justice and ethical behavior, and responsibly steward our human, financial and environmental resources.
•Collaboration
We work in partnership, dialogue and shared purpose to create healthy communities.
•Excellence
We deliver all services with the highest level of quality, while seeking creative innovation.
Applicants, employees and former employees are protected from employment discrimination based on race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age (40 or older), disability, and genetic information (including family medical history).
Comp Range:
$97,846.42 - $146,769.63Rate of pay displayed reflects the beginning of the pay scale. At the time of an offer, determination of your offer will reflect your skills and experience as it relates to the position.
Lead value analysis across clinical spend; 10+ years healthcare management; 5+ years supervising; strong communication and project management.
Key Responsibilities
- lead reviews
- negotiate vendors
- drive cost
Skills & Tools
Microsoft Word, Microsoft Excel, Microsoft PowerPoint, Microsoft Outlook
Job Details
- Category: Supply Chain / Logistics / Procurement
- Seniority: Senior Level
- Commitment: Full Time
- Workplace: Remote — Andover or United States
- Salary: USD 97,846 – 146,769 / year
- Languages: English
About Covenant Health
A Catholic regional health ministry providing compassionate, high-quality care across New England. — Industry: Healthcare