Job DescriptionResponsibilities:Job Summary: The Director of Value Analysis leads system-wide value analysis initiatives to ensure cost-effective, high-quality products, equipment, and services. This role collaborates with Supply Chain, Finance, Clinical teams, and other stakeholders to guide formulary decisions, standardize resources, identify cost-reduction opportunities, and manage product disruptions. The director oversees physician onboarding related to supplies and equipment, maintains financial tracking, and monitors KPIs to ensure organizational goals are met.
- Maintain a professional image and deliver excellent customer service aligned with organizational Service Excellence Standards and Core Values.
- Demonstrate leadership in promoting a strong quality management system, including process improvement and risk-based thinking.
- Lead the system-wide value analysis process to provide clinically sound and cost-effective product, equipment, and service solutions.
- Serve as the organizational lead for all value analysis teams, collaborating with Supply Chain, Finance, Legal, Accounts Payable, and clinical departments.
- Integrate financial, business case, and clinical analyses to support formulary decisions focused on quality, safety, and cost.
- Drive cost-reduction through standardization, utilization reviews, and price-leveling strategies.
- Manage physician onboarding for supplies, equipment, and service needs, ensuring alignment with organizational strategy and evaluating requests using value-analysis methodology.
- Oversee product disruption management, including complaints and backorders, ensuring documentation, resolution, and clinically acceptable alternatives.
- Establish, monitor, and report on value analysis KPIs, financial indicators, and cost-savings performance targets.
- Maintain and present financial trackers and savings initiatives to Supply Chain and Executive Leadership.
- Improve workflows, processes, and job design within the value analysis function to enhance effectiveness and efficiency.
- Ensure adherence to laws, regulations, accreditation requirements, and payer guidelines, seeking guidance when needed.
Qualifications/Training:- Must possess a Bachelor's degree in Nursing, Supply Chain Management, Business, Finance, Health Care Administration, or related field or 15 years of relevant experience in lieu of a bachelors degree. MBA and/or MHA Preferred.
- Must have 10 years of Value Analysis, Process Improvement, Quality Improvement, Clinical Management, Supply Chain Management or related experience in a healthcare setting.
Licenses/Certifications/Registrations/Education:- Bachelor's Degree in Related Field Required
- RN License Preferred
- MBA/MHA Preferred
- CVAHP Preferred
- CMRP Preferred
