Value Analysis Specialist

Saint Francis Health System • New Haven, CT

103d

About The Position

The Value Analysis Specialist supports the value chain analysis process acting as a key liaison between the strategic sourcing team and clinical team to promote the strategic, cost-effective use of products, services, and processes. This role leverages clinical data in order to evaluate product value and expenditures across the continuum of care to uncover cost-saving opportunities that enhance patient safety, drive quality outcomes, and support operational efficiency.

Requirements

• Bachelor's degree in Business Administration, Nursing, or related healthcare field.
• Valid multi-state or State of Oklahoma Registered Nurse License or Certified Value Analysis Healthcare Professional (CVAHP) from the Association of Healthcare Value Analysis Professionals (AHVAP), preferred.
• Minimum 3 years Clinical experience.
• Direct Value Analysis or Supply Chain experience in a large healthcare setting, preferred.
• Knowledge of Microsoft 365 and other applicable software.
• Working knowledge of clinical and operational improvement processes.
• Analytical skills with the ability to perform cost-benefit analysis and financial feasibility studies.
• Excellent communication, interpersonal, organizational, and facilitation skills.
• Demonstrated use of a variety of project management concepts, practices, and procedures.
• Ability to provide leadership, improve performance, accept challenges, and maintain composure in stressful situations.
• Strong ability to demonstrate self-initiative and motivation.
• Sound ability to organize and prioritize work in an effective and efficient manner.
• Superior ability to collect, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
• Strong business acumen.

Responsibilities

• Leads the team through the Value Analysis process under the direction of the Value Analysis Manager.
• Ensures the selection and implementation of high-quality, cost-effective products and services that align with the organization's quality excellence expectations and strategic savings initiatives.
• Provides direction and counsel to the strategic sourcing department on clinical aspects of contractual decisions.
• Determines feasibility of initiatives identified by Strategic Sourcing.
• Leads in introduction of initiatives to clinical partners.
• Cultivates and sustains high-value relationships with end users, vendors, Group Purchasing Organization (GPO) partners, and distribution partners.
• Works with clinical leaders to embed cost management strategies within their department, guiding program development, data analysis, execution, and evaluation to advance key initiatives and provide opportunities for value enhancement and operational improvement.
• Reviews outcomes of implemented product and service changes, confirming alignment with savings targets and compliance expectations.
• Corrects gaps in adherence and identifies opportunities for greater efficiency.
• Works effectively with the Value Analysis Manager to resolve concerns and identify opportunities relative to quality and cost.
• Drives the implementation, overseeing all steps through go live.
• Monitors and maintains the integrity and ongoing management of data related to products, services, consumption patterns, and process performance.
• Analyzes trends and compliance metrics to identify non-compliance and implements targeted improvements that drive optimal outcomes.
• Partners with clinical leadership throughout the health system to address ways to reduce infections, improve Length of Stay (LOS), avoid injuries and other priorities to benefit the health system and reduce the overall cost.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Hospitals
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees