Monday to Friday, 8:00am to 5:00pm EST

Pay Range:

MAJOR RESPONSIBILITIES

• ​ ​​Strategy Development: Collaborate with senior management, sourcing leaders, clinical leaders, and key stakeholders to develop the overall clinical value analysis strategy and goals aligned with the organization's mission and objectives. Define and prioritize areas of focus for value analysis initiatives.​ 

• ​​Clinical Product Evaluation: Lead the evaluation and analysis of medical products, equipment, and services used in patient care. Assess clinical and financial data, evidence-based research, and regulatory requirements to determine the effectiveness, safety, and cost-effectiveness of products. Collaborate with clinicians and experts to evaluate clinical outcomes, patient experiences, and the overall value delivered by various healthcare technologies and interventions. Oversee impartial new product trial and evaluation process and feedback collection.​ 

• ​​Cost Optimization: Identify cost-saving opportunities through comprehensive analysis of product utilization, pricing, and contracting. Provide insight to Strategic Sourcing partners to enable favorable negotiations on pricing, terms, and conditions with suppliers. Implement cost containment strategies, such as standardization of products and equipment, utilization controls, and value-based purchasing.​ 

• ​​Supplier Relationship Management: Establish and maintain strong relationships with suppliers and manufacturers. Collaborate with them to identify innovative solutions, evaluate new technologies, and drive improvements in product quality, safety, and cost-effectiveness. Monitor supplier performance, conduct supplier evaluations, and facilitate continuous improvement initiatives. Participate in business reviews with Strategic Sourcing partners.​ 

• ​​Cross-functional Collaboration: Work closely with clinical departments, finance, supply chain management, and other relevant stakeholders to understand their needs and priorities. Collaborate with these teams to align value analysis strategies with organizational objectives, clinical workflows, and patient care requirements. Develop effective communication channels and engagement strategies to foster collaboration and support decision-making processes. ​​ 

• ​​Clinical Integration: Collaborate with clinicians and care teams to ensure the seamless integration of value analysis recommendations into clinical practice. Engage in discussions with clinicians to understand their perspectives, address concerns, and facilitate consensus-building. Develop educational programs and materials to promote awareness and adoption of value-based approaches among healthcare providers.  Make recommendations to appropriate functional teams regarding new product education and assist with supplier coordination.​ 

• ​​Data Analysis and Reporting: Establish metrics and performance indicators to measure the impact of value analysis initiatives on cost savings, quality improvement, and patient outcomes. Work with Analytics partners to analyze data to identify trends, monitor progress, and generate actionable insights. Prepare regular reports and presentations for senior leadership, highlighting key findings, achievements, and recommendations.​ 

• ​​Regulatory Compliance: Stay informed about relevant regulations, accreditation requirements, and industry standards related to medical products and services. Ensure compliance with applicable regulations and guidelines, such as FDA regulations, reimbursement policies, and safety standards.​ 

• ​​Team Leadership: Support a high-performing clinical value analysis team. Provide guidance, mentorship, and peer development opportunities to team members. Support a collaborative and inclusive work environment. Aid in guiding the team's capabilities to ensure alignment within the enterprise’s clinical value analysis objectives.​ 

• ​​Continuous Improvement: Stay updated on industry trends, emerging technologies, and best practices in clinical value analysis. Foster a culture of continuous improvement, leveraging data analytics, technology tools, and industry collaborations to enhance the value analysis process and drive ongoing improvement in patient care delivery.​ 

• ​​Risk Mitigation: Develop and oversee supply risk mitigation strategies related to clinical value analysis including new item reviews, product concern report escalations, clinical input in solutions for recalls, discontinuations, and substitutions for enterprise standards.  ​ 

MINIMUM EDUCATION AND EXPERIENCE REQUIRED

License/Registration/Certification Required: Registered Nurse License in the state in which the teammate practices.

Education Required: ​Bachelor’s Degree in Nursing required OR 10+ years RN plus associated healthcare resource or materials management experience required​ 

Experience Required: Typically requires 3 years of ​​experience in acute care clinical setting, and associated healthcare resource or materials management experiences.

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED

• ​​ ​​Knowledge in system-wide purchasing strategies, processes, and programs which support a service focused, cost effective, and centralized model.​ 

• ​​In depth understanding of complex contracts for products and services.​ 

• ​​Knowledge of inventory management and related accounting processes.​ 

• ​​Extensive clinical product knowledge including product attributes, features, clinical practice, competitive products, and clinical preference qualities.​ 

• ​​Skills developing strategic and tactical plans to meet business objectives in a large healthcare system.​ 

• ​​Knowledge of contract law and related legal and financial policies.​ 

• ​​Excellent communication skills necessary to communicate effectively with senior administrators, department leaders, 
  physicians, vendors, and clinical staff to support Advocate Health’s acquisition goals.​ 

• ​​Knowledge of healthcare accreditation standards (i.e. DNV, JCAHO), Occupational Safety and Health Administration, and National Fire Protection Organization requirements.​ 

• ​​Excellent analytical, quantitative, and qualitative skills. Ability to identify and solve problems creatively, to work within deadlines with a high attention to detail and to work independently in a fast paced, dynamic environment.​ 

• ​​Experience in working with and implementing large-scale automated systems.​ 

• Proficiency in Microsoft Word, Outlook, PowerPoint and Excel required.

• Must be able to conduct presentations and facilitate large group meetings.​​​ 

PHYSICAL REQUIREMENTS AND WORKING CONDITIONS

• This position requires limited regional and national travel, therefore, will be exposed to weather and road conditions. ​​               

• Operates all equipment necessary to perform the job.​  ​​

• Exposed to a normal office environment.​ 

This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

Our Commitment to You:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:

Compensation

• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training

• Premium pay such as shift, on call, and more based on a teammate's job

• Incentive pay for select positions

• Opportunity for annual increases based on performance

Benefits and more

• Paid Time Off programs

• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability

• Flexible Spending Accounts for eligible health care and dependent care expenses

• Family benefits such as adoption assistance and paid parental leave

• Defined contribution retirement plans with employer match and other financial wellness programs

• Educational Assistance Program

Note: Eligibility for programs listed above may depend on your FTE or status (e.g., full-time, part-time, per diem, temporary, etc.); please ask a Recruiter for more information during an interview.