Clinincal Value Analysis Specialist-40hr-Days (*MUST have CT RN License)

Connecticut Children's; East Hartford (CT); On-site; USD 90,000 - 120,000; Full time

Job summary

Connecticut Children's is seeking a Value Analysis Specialist to lead the PEVA program in collaboration with Executive Leadership, Supply Chain, Medical Staff, clinical staff, and vendors. The role focuses on reducing expenses while enhancing clinical outcomes and quality through evidence-based product evaluation.

You will review and optimize contracts, drive product standardization, coordinate roll-outs, and track cost savings using a dedicated tool across the organization.

Qualifications

• Bachelor's degree in Nursing required.
• 3-5 years related experience in a pediatric facility.
• Operating Room Experience or Critical Care nursing experience preferred.
• Must have the ability to review/analyze data to drive decision-making, including using appropriate tools (Microsoft Excel, Word).
• Strong analytical skills and strong interpersonal/communication skills.

Responsibilities

• Drives clinical cost reduction and better patient outcomes as the Clinical Champion of Connecticut Children's Value Analysis Program.
• Organizes and manages all Value Analysis Committees at CT Children's.
• Assesses financial, clinical, operational, and literature to select and implement cost-effective products/services/processes.
• Provides data/information related to Value Analysis and investigates new/alternative products per needs.
• Coordinates clinical evaluation trial activity and ensures criteria for measurement of clinical efficacy are established.

Skills

Analytical thinking

Interpersonal communication

Strategic planning

Problem solving

Education

Bachelor's degree in Nursing

Tools

Microsoft Excel

Word

Job description

Job Description

The Value Analysis Specialist is responsible for the Product Evaluation/Value Analysis Program (PEVA) through collaboration with Executive Leadership, Supply Chain Leadership, Medical Staff, Clinical Staff, and Vendors. Implements organization-wide strategy/direction to reduce expenses and improve clinical outcomes and quality. Responsible for working with Supply Chain administration to review and optimize current contract portfolio, develop and execute product standardization throughout the organization, facilitate "roll-out" of new products/conversions by working with clinical partners, and successfully execute the supply cost management and Supply Chain operation plan.

Responsibilities

• Drives clinical cost reduction and better patient outcomes as the Clinical Champion of Connecticut Children's Value Analysis Program.
• Organizes and manages all Value Analysis Committees at CT Children's.
• Assesses relevant financial, clinical, operational, and evidence-based literature and appropriately assists in selecting, evaluating, monitoring, analyzing, and implementing cost-effective products, services, and processes.
• Serves as an information resource by providing data/information related to Value Analysis by investigating new or alternative products/services based on observations, product issues, high costs, requests from user groups, suppliers, Group Purchasing Organization (GPO) peer groups, or as assigned by Supply Chain Administration.
• Coordinates clinical evaluation trial activity with clinical partners. Completes Evidence-Based research by reviewing and analyzing appropriate sources of product and vendor information. Ensures criteria for measurement of clinical efficacy and outcomes have been established for each evaluation.
• Responsible for taking decisions from Value Analysis Committee(s) and facilitating the official "Roll-Out" of those decisions (new products, product conversions, standardization actions, etc.). Ensures projects are driven to completion.
• Tracks all decisions and cost savings/spend associated with decisions with a tracking tool.
• Maintains Policies and Procedures related to Product Evaluation/Value Analysis (PEVA).
• Keeps current on technology, regulatory, and operational trends in the health care industry, which may impact product utilization.
• Helps to identify appropriate product substitutions when needed (shortages, etc.).
• Other duties as assigned.
• Demonstrates support for the organization's mission, values, and goals through behaviors that are consistent with Connecticut Children's STANDARDS.

Qualifications

Education and/or Experience Required:

Education Required:

• Bachelor's degree in Nursing required

Experience Required:

• 3-5 years related experience in a pediatric facility
• Operating Room Experience or Critical Care nursing experience preferred
• Must have the ability to review/analyze data to drive decision-making, including using appropriate tools (Microsoft Excel, Word, etc).
• Strong analytical skills.
• Strong interpersonal and communication skills

License and/or Certification Required:

• The current professional nursing license in CT

Knowledge, Skills and Abilities:

• Extremely organized and detail-oriented.
• Exceptional written and verbal communication skills.
• Critical thinking, Analytical Skills, problem-solving acumen and a high-level self-motivation and ownership.
• Able to plan and think strategically.
• Values diversity and team work.
• Demonstrates integrity; is ethical in conduct and decision thinking.
• Demonstrates initiative, creativity and flexibility.
• Demands accountability of self and others.

About Us

Connecticut Children's is the only health system in Connecticut that is 100% dedicated to children. Established on a legacy that spans more than 100 years, Connecticut Children's offers personalized medical care in more than 30 pediatric specialties across Connecticut and in two other states. Our transformational growth establishes us as a destination for specialized medicine and enables us to reach more children in locations that are closer to home. Our breakthrough research, superior education and training, innovative community partnerships, and commitment to diversity, equity and inclusion provide a welcoming and inspiring environment for our patients, families and team members.

At Connecticut Children's, treating children isn't just our job – it’s our passion. As a leading children's health system experiencing steady growth, we’re excited to expand our team with exceptional team members who share our vision of transforming children's health and well-being as one team.