Clinical Value Analysis Specialist-40hr-Days: (**MUST Have CT RN License)

Connecticut Children's; East Hartford (CT); On-site; USD 85,000 - 115,000; Full time

Job summary

Connecticut Children's seeks a Value Analysis Specialist to lead the Product Evaluation/Value Analysis Program (PEVA) in collaboration with executive leadership, medical staff, and vendors. You will drive cost reduction and improve clinical outcomes by standardizing products, reviewing contracts, and rolling out new products throughout the organization.

You will manage Value Analysis Committees and coordinate trials, ensuring evidence-based decisions are implemented and tracked.

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.
• Ability to review/analyze data to drive decision-making, including using appropriate tools (Excel, Word).

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 data and evidence-based literature to select, evaluate, monitor and implement cost-effective products, services, and processes.
• Provides data/information related to Value Analysis and investigates new or alternative products/services.
• Coordinates clinical evaluation trial activity with clinical partners and ensures measurable outcomes.
• Leads the Roll-Out of Value Analysis decisions and drives projects to completion.
• Tracks all decisions and cost savings/spend with a tracking tool.
• Maintains Policies and Procedures related to PEVA.
• Keeps current on technology and regulatory trends impacting product utilization.
• Identifies product substitutions during shortages when needed.
• Demonstrates CT Children's mission and standards.

Skills

Nursing expertise

Analytical skills

Communication skills

Data analysis

Excel

Word

Strategic thinking

Education

Bachelor's degree in Nursing

Tools

Microsoft Excel

Microsoft 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.

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.