Financial Analyst Value Analysis
About The Position
The Supply Chain Value Analysis Financial Analyst supports clinical and operational decision-making by analyzing organization spend, evaluating financial impact, and identifying opportunities to optimize value while maintaining high-quality patient care. This role partners closely with supply chain, finance, clinicians and leadership to support value analysis initiatives, contract compliance, and cost-reduction strategies. This process allows for the best possible product and service decisions using evidence-based medicine principles, quality patient outcomes, and cost. The Financial Analyst demonstrates comprehensive knowledge in their area of responsibility and performs other duties as assigned.
Requirements
- Bachelors Degree, (Required)
- 3-4 years recent, relevant experience in finance or supply chain management (Required)
- Ability to analyze health care data from conceptualization throughout the presentation of the data or the procurement of goods or services
- Proficiency with data analytical tools and methodologies, including presentation software (Power Point), Lumere, and Workday
- Advanced Excel skills, including pivot tables, formulas, and financial modeling, with project management capabilities
- Strong problem-solving skills with a demonstrated ability to identify issues and implement effective solutions
- Excellent communication and collaboration skills across clinical, operational, and leadership teams
- Knowledge of healthcare compliances and supply chain best practices, and units of measure, SKUs, and item-level inventory details
- Keen attention to detail with the ability to manage multiple priorities in a fast-paced environment
Nice To Haves
- Bachelors Degree, Project Management, Supply Chain, Business Administration, Healthcare Administration, or related field (Preferred)
- Experience working in a hospital or health system environment (Preferred)
- Certified Material & Resource Professional (CMRP) (Preferred)
- Corporate Performance Management (CPM) (Preferred)
- Certified Value Analysis Healthcare Professional (CVAHP) or Project Management Professional (PMP) (Preferred)
Responsibilities
- Collect, analyze, and interpret clinical and financial data to support the implementation of cost savings opportunities and quality improvement efforts
- Prepare and present reports on findings, recommendations, and progress on value analysis projects to stakeholders and committees
- Serve as intermediary between Strategic Sourcing Team and end users, helping to review and analyze new product or service introductions
- Collaborate with clinical staff, providers, supply chain, and finance teams to facilitate value analysis projects and initiatives, drive consensus, and resolve barriers
- Review new medical products or product change requests and/or coordinate product evaluations
- Analyze large volumes of data and summarize and develop actionable metrics for stakeholders
- Share knowledge of analyst techniques & data interpretation and cross-check work with team members
- Actively contribute to cost containment by monitoring supply utilization and productivity
- Plan and implement supply chain optimization projects/product conversions
- Prepare monthly performance metrics
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
