Corporate Director of Value Analysis- Full Time Days

Cape Fear Valley Health

2d•Onsite

About The Position

The Corporate Director of Value Analysis is responsible for achieving supply expense management initiatives and targets through the value analysis process, across annual spending in excess of $130 million. The role directs a streamlined process for standardizing and monitoring product and service selection, utilization, and costs, with the goal of providing high-quality, efficient, and cost-effective products and services. It applies clinical and strategic expertise to optimize supply expense management and continuously improve processes supporting patient care, education, and research. The director works closely with the VP of Supply Chain to report on and manage implementation of supply chain improvement efforts related to value analysis. The position leads the full value analysis lifecycle, from product and service introduction and evaluation through trials, conversion, and outcome tracking. It partners with physicians, clinicians, department leaders, Finance, Supply Chain, Materials Management, suppliers, and user groups to assess needs, support clinical alignment and conversions, address product issues and recalls, and advance organizational initiatives. The director identifies and manages cost-containment opportunities, analyzes utilization and financial performance, coordinates vendor engagement and contract negotiations, and maintains program policies, documentation, and reporting tools. The role also guides project teams and committees, provides education and benchmarking support, monitors healthcare technology and regulatory developments, and responds to urgent issues while balancing stakeholder needs.

Requirements

Bachelor’s degree in Nursing, Industrial Engineering, or Finance.
Seven years in a progressively more responsible role in a healthcare and/or supply chain environment.
Proficiency in reading, writing, and speaking English.
Experience in cost containment and expense management activities.
Proven management skills, including program planning and development, project management, and performance and quality management.
Demonstrated analytical experience and knowledge of financial and accounting concepts.
Excellent interpersonal relationship skills and ability to drive consensus.
Computer competency with Microsoft Word, Excel, and PowerPoint.
Strong oral and written communication skills, including the ability to give presentations to physicians, clinicians, and administrators.
Demonstrated problem-resolution skills.
Understanding of supply chain activities.
Ability to interact with vendors and manage vendor relationships.

Nice To Haves

Master’s degree in Business Administration, Health Science, or a related discipline.
Five years in Value Analysis Leadership.
Knowledge of Microsoft Access.

Responsibilities

Lead the end-to-end value analysis process, including product and service introduction, evaluation, trials, conversion, and tracking of outcomes.
Partner with physicians, clinicians, and department leaders to assess needs, ensure clinical alignment, and support positive outcomes.
Identify, prioritize, and manage cost-containment opportunities; drive annual cost-reduction and cost-avoidance initiatives and maintain accurate financial tracking.
Analyze product and service utilization, expenditures, and performance; prepare objective reports, cost analyses, and recommendations.
Coordinate vendor engagement, outline expectations, and support contract negotiations.
Guide project teams through value analysis procedures, Steering Committee preparation, proposal development, and agenda prioritization.
Collaborate with Finance, Supply Chain, Materials Management, suppliers, and user groups to support conversions, resolve product issues, and manage recalls.
Maintain policies, procedures, savings documentation, and reporting tools for the value analysis program.
Lead and participate in cross-functional teams, workgroups, and committees to improve processes, quality, and customer service.
Serve as a resource for cost-effective product and service selection, utilization, and benchmarking; develop education to increase accountability for supply expense management.
Monitor healthcare technology, regulatory changes, and industry trends to inform product and service decisions.
Build relationships with leadership, physicians, and clinical stakeholders to support supply chain and organizational initiatives.
Address emergent issues promptly while balancing stakeholder needs and consulting legal or risk management when necessary.
Perform other duties as assigned.