This position is incentive eligible.
Job Summary and QualificationsThe Value Analysis Director leads, develops, and implements a strategic supply expense management and value analysis initiatives and programs across multiple integrated delivery networks (IDN), independent hospitals and health systems. This role partners with executive leadership, physicians, clinicians, supply chain leaders, and operational stakeholders to drive measurable improvements in cost, quality, outcomes, and operational performance. This position is responsible for reviewing and optimizing the current GPO contract portfolio, developing comprehensive clinical and utilization protocols, identifying value analysis program process improvement, and developing and executing product standardization plans for the hospital or system. This position is responsible for building strategic alliances with Hospital Executive Staff and Clinical Department Directors as it relates to successfully executing the Value Analysis Program
What you will do in this role:Strategic Leadership:
- Lead execution of enterprise value analysis and clinical resource management initiatives aligned with organizational strategic priorities
- Support development and execution of strategic roadmaps focused on cost optimization, variation reduction, quality improvement, and supply chain transformation
- Lead high-impact initiatives across multiple facilities and services lines while ensuring alignment with enterprise goals.
- Assist in development and refinement of governance structures, policies, workflows, and standardized methodologies for value analysis activities.
- Drive implementation of system-wide product standardization, utilization management, and clinical integration initiatives.
- Provides leadership in supply expense management to contribute to the facility or health system's overall strategic plan, especially as it relates to supply expense.
- Direct multiple projects and tasks in a fast-paced environment.
- Assimilates information from a variety of sources, able to analyze data and make strategic recommendations, and executes a course of action
- Develops, implements, and coordinates within the hospital or system:
- Policies and procedures related to supply cost management and supply chain operations.
Value Analysis Program:
- Product standardization and utilization
Client Relations and Engagement:
- Interacts and develops relationships with internal and external stakeholders to better understand needs and challenges.
- Build strong relationships with physicians, clinicians, and operational leaders to facilitate collaborative decision making and adoption of value analysis initiatives
- Collaborate with suppliers through regularly scheduled business reviews and other means to drive continuous improvement, innovation, and risk mitigation strategies.
- Supports education and communication efforts to increase awareness and understanding of value analysis principles and organizational goals.
- Facilitate physician alignment and consensus-building strategies related to product standardization, utilization optimization and technology assessment
Financial and Clinical Data:
- Establishes and meets supply expense savings goals for customers as requested
- Collaborate with Finance, Sourcing, and Operational teams to validate savings opportunities and monitor initiative performance
- Analyze financial, operational, utilization, and clinical performance data to identify opportunities and drive informed recommendations
- Develops standardized documents, processes, and calculations for use by the supply expense management team to quantify supply savings solutions.
- Demonstrates financial acumen, which includes:
- Interpreting spend profile to identify areas for improvement
- Review of the hospital's monthly financial reports to determine negative and positive variances
- ROI analysis
- Total cost of ownership evaluations
- Spend analytics
- Benchmarking and utilization analysis
Budget impact assessments:
- Demonstrates the ability to perform a basic return on investment model for new programs and additional staff.
- Demonstrates the ability to analyze financial and clinical performance data to identify variation opportunities and make recommendations to the team and organization in alignment with the organization's strategic plan.
- Achieves financial objectives of the business line by managing operational expenses and updating revenue projections.
- Manage projects within scope, time, and budget.
- Provides expense-saving enhancement strategies.
Program Execution:
- Executes on established clinical supply expense improvement agenda incorporating cost, quality and outcomes.
- Drives clinical supply expense improvement through the development and deployment of standard toolkits, processes, and assessments. This includes a continual process to review and update of these toolkits, processes, and assessments.
- Demonstrates an understanding of project management methodologies, which include but are not limited to common processes, setting milestones, practices, and tools associated with project management.
- Guides multiple projects and team members simultaneously in a fast-paced environment that yields measurable and sustainable results
- Defines a vision, identifies milestones of success, identifies current gaps, determines whom to work and partner, sets actionable goals, and consistently achieves those goals.
Consulting, Change Management, & Performance Improvement:
- Serve as a trusted advisor to health system leaders, providing strategic guidance and operational recommendations.
- Utilize healthcare consulting methodologies to assess opportunities, facilitate stakeholder alignment, and drive measurable improvement
- Apply Lean, Six Sigma, project management, and performance improvement methodologies to optimize workflows and outcomes.
- Lead organizational change management efforts associated with standardization and process redesign initiatives.
- Facilitate executive presentations, stakeholder meetings, workshops, and strategic planning sessions.
- Support implementation and sustainment of enterprise-wide initiatives and leading practices.
Cross-Functional Collaboration and Talent Development:
- Provides effective communication, which includes exceptional verbal, listening, writing, and presentation skills to a variety of stakeholders, from executives to front-line staff.
- Demonstrates knowledge and expertise within Value Analysis in healthcare.
- Applies strong data analysis skills to translate into an actionable plan with strategic objectives
- Leads and develops the assigned supply expense management team(s), providing direction, coaching, and appraising progress to goals.
- Demonstrates effective problem-solving skills, which include understanding issues, being able to simplify and process complex issues, and understanding the difference between critical details and unimportant facts.
- Serve as representative of the company and present at industry events as needed.
- Provides effective communication, which includes exceptional verbal, listening, writing, and presentation skills to a variety of stakeholders, from executives to front-line staff.
What qualifications you will need:- Bachelor's degree in business, Nursing, Healthcare Administration, Pharmacy, Supply Chain Management, Allied Health or related healthcare field - Required
- MBA, MHA, MSN, DNP or relevant advanced degree. - Preferred
- Minimum of 3 years progressive experience in healthcare value analysis, supply chain, clinical resource management, consulting or operational performance improvement - Required
- Demonstrated success in leading enterprise or multi-site value analysis or supply expense management initiatives - Required
- Prior healthcare consulting experience - Preferred
- Excellent communication, leadership, and interpersonal skills - Required
- Ability to collaborate with diverse teams and manage multiple projects simultaneously - Required
- Experience presenting executive leadership and facilitating physician discussions - Required
- Strong analytical, communication, organizational, and relationship management skills - Required
- Certification in Healthcare Value Analysis (CVAHP) - Preferred
- Lean Six Sigma and/or PMP Certification - Preferred
- Clinical licensure where applicable (RN, PharmD, etc.) - Required
- Ability to Travel up to 50% - Required
Benefits HealthTrust, offers a total rewards package that supports the health, life, career and retirement of our colleagues. The available plans and programs include:
- Comprehensive benefits for medical, prescription drug, dental, vision, behavioral health and telemedicine services
- Wellbeing support, including free counseling and referral services
- Time away from work programs for paid time off, paid family leave, long- and short-term disability coverage and leaves of absence
- Savings and retirement resources, including a 401(k) Plan with a 100% match on 3% to 9% of pay (based on years of service), Employee Stock Purchase Plan, flexible spending accounts, preferred banking partnerships, retirement readiness tools, rollover support and financial wellbeing counseling
- Education support through tuition assistance, student loan assistance, certification support, dependent scholarships and a partnership with Galen College of Nursing
- Additional benefits for fertility and family building, adoption assistance, life insurance, supplemental health protection plans, auto and home insurance, legal counseling, identity theft protection and consumer discounts
Learn more about Employee Benefits
Note: Eligibility for benefits may vary by location.
