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Value Analysis Manager

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Job Description - Value Analysis Manager

Where compassion meets innovation and technology and our employees are family.

Thank you for your interest in joining our team! Please review the job information below.

General Purpose of Job

Under the direct supervision of the Director, the Value Analysis & Clinical Resource Manager (VACRM) is responsible for working with the Materials Management team to develop strategies to bring awareness to and implement supply cost management throughout the healthcare system. This position is responsible for collaboratively working with the procurement team in reviewing and optimizing the current group purchasing organization contract portfolio. Developing, and executing product standardization throughout the system, developing comprehensive clinical and utilization protocols in cooperation with clinical educators or others as appropriate. The VACRM is also responsible for building strategic alliances with Driscoll Senior Leadership, Directors, and Managers, and, most important, with Physicians and Clinicians, as it relates to successfully executing the supply cost management and supply chain operation plan.

Essential Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable Accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Always maintains utmost level of confidentiality.
  • Adheres to hospital policies and procedures.
  • Demonstrates business practices and personal actions that are ethical and adhere to corporate compliance and integrity guidelines.
  • Directs the Value Analysis Process assuring the selection of quality products while achieving cost containment and standardization where possible.
  • Develops and implements strategies and processes for reducing supply expense/adjusted patient day.
  • Develops and implements product standardization and utilization strategies.
  • Develops and facilitates product value analysis committee(s) to reduce the number of stock keeping units by standardization, to increase compliance with group purchasing organization and local contracts, to increase product quality and safety, to evaluate processes, and to introduce new products. Manages value analysis data for outcome documentation. Monitors trends in product, service, and process utilization /consumption with emphasis on those prone to abuse.  Maintains the Value Analysis Committee documents and information on SharePoint. 
  • Coordinates product, service, and process evaluation processes.  Ensures that all product, service and process trials and evaluations are unbiased and conducted in a professional manner.  Performs cost-benefit, cost-effectiveness, cost-minimization, and cost-efficiency analysis, verifying accuracy and completeness of all cost analyses that may impact product, service, and process related expenditures.
  • Interacts with the clinicians performing the departmental tasks to identify improvement opportunities and to develop/implement continuous quality improvement process regarding supply/labor practices and recommends cost reductions.
  • Represents Supply Chain on all committees designated to analyze and assess potential opportunities relative to clinical resource management and operational improvement, products, services, and processes when appropriate. 
  • Collaborates with Purchasing and system level Value Analysis Nurse(s) to identify, coordinate, and implement systemwide initiatives.
  • Actively participates and communicates with Medical Staff and clinical staff to monitor, communicate, and make improvements to utilization profiling.
  • Actively participates, communicates, and educates all affected departments, physicians, and management personnel regarding product and procedure changes.
  • Maintains and communicates financial and performance measurements as gauge of standardization/utilization success.
  • Collaborates with Physicians in identifying and implementing improvements and standardization measures, and continuously verifies process improvements and cost savings.
  • Demonstrates knowledge of State and Federal Regulatory Agencies occurrence reporting systems and utilizes the system in cooperation with the Risk Management Department to report potential patient safety issues.
  • Ensures that the SC Director is informed of all activities he/she is always involved with. Does not make any commitment or get involved in any project/activity without prior consulting with the Director.
  • Performs any other additional duty as assigned by the Director.

Supervisory Responsibilities:

  • Manages Value Analysis Nurses/Value Analysis Multidisciplinary Team

Education and/or Experience:

  • Bachelor of Science in Nursing degree required. Master’s degree preferred.  Minimum five years of healthcare experience required. Experience in a pediatric facility and/or in an operating room setting preferred. Additional appropriate experience as Registered Nurse and/or training may be substituted for required education.
  • Registered Nurse License for state of Texas.
  • Basic knowledge of medical-surgical supplies, diagnostic testing, etc. knowledge of clinical and operational improvement processes preferred.
  • Proficiency in the use of Excel, Word, Access, and various software applications.
  • Functional working knowledge of clinical and surgical supply and SKU maintenance processes.
  • Demonstrate quality improvement implementation skills regarding clinical processes and stock keeping unit management.
  • Understanding of utilization and productivity in a variety of clinical settings.
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