Project Manager Value/Financial Analyst

University of Illinois Hospital and Health Sciences System; Chicago (IL); On-site; USD 66,000 - 89,000; Full time

Job summary

The University of Illinois Hospital and Health Sciences System seeks a Project Manager Value/Financial Analyst to lead value analysis initiatives within the organization. This role involves coordinating with clinical leadership to streamline product utilization while enhancing cost-efficiency and promoting healthcare equity. The ideal candidate will have a strong background in financial analysis, project management, and team coordination.

Benefits

Health, Dental, Vision, Life Insurance

Defined benefit pension plan

Paid leaves including Vacation and Sick time

Tuition waivers for employees and dependents

Qualifications

• Bachelor's degree in business administration, management, or relevant field.
• Two years of professional business, financial, or managerial experience is needed.

Responsibilities

• Coordinate nonpharmaceutical value analysis processes within the UI Health System.
• Engage physicians in value-based decisions regarding clinical practices and products.
• Analyze internal and external data to identify cost-saving opportunities.

Skills

Project Management

Financial Analysis

Data Analysis

Team Coordination

Education

Bachelor's degree in business administration

Job description

Project Manager Value/Financial Analyst

Hiring Department: Materials Management

Location: Chicago, IL USA

Requisition ID: 1035010

Work Schedule: M-F

Shift: Days

Workplace Type: On-Site

Posting Close Date: 07/01/2025

Salary Range (commensurate with experience): $66,660.00 - 88,033.00 / Annual Salary

About the University of Illinois Hospital & Health Sciences System (UI Health)

The University of Illinois Hospital & Health Sciences System (UI Health) provides comprehensive care, education, and research to the people of Illinois and beyond. A part of the University of Illinois Chicago (UIC), UI Health comprises a clinical enterprise that includes a Joint Commission-accredited tertiary care hospital and outpatient clinics, and the Mile Square Health Center network of federally qualified health centers. It also includes the seven UIC health science colleges: the College of Applied Health Sciences; the College of Dentistry; the School of Public Health; the Jane Addams College of Social Work; and the Colleges of Medicine, Pharmacy, and Nursing, including regional campuses in Peoria, Quad Cities, Rockford, Springfield, and Urbana. UI Health is dedicated to the pursuit of health equity. Learn more: https://hospital.uillinois.edu/about-ui-health

Benefits eligible positions include a comprehensive benefits package which offers: Health, Dental, Vision, Life, Disability & AD&D insurance; a defined benefit pension plan; paid leaves such as Vacation, Holiday and Sick; tuition waivers for employees and dependents. Click for a complete list of Employee Benefits.

Position Summary

The Business Administrative Associate (Value Analysis Project Manager) serves as the programmatic and operational coordinator for nonpharmaceutical value analysis processes within the UI Health System to meet our organizational mission: to advance health for everyone through outstanding clinical care, education, research, and social responsibility. In this role, the incumbent will actively engage physicians and other clinicians in value-based variation reduction related to clinical practice and products, devices, and supplies. Additionally, the incumbent will work with the Health System leadership team to effectively coordinate change management systems that result in establishing and adhering to a streamlined method for reducing the variation of product/service selection, utilization, quality, and costs.

Duties & Responsibilities

• Serves as a key non-voting member of the Value Analysis Product Review and the Value Analysis Oversight Committees. Prepares monthly presentations and is responsible for effectively communicating analysis to appropriate stakeholders in order to gain support/ buy-in of suggested recommendations.

• Works with Physician and Clinical Leadership to identify and prioritize departmental standardization, utilization of product and elimination of waste opportunities.

• Utilizes internal and external data to identify savings opportunities, including our Group Purchasing Organization's (GPO's) tools, benchmark pricing, UI Health purchasing data, contract data, clinical evidence, cost-effective data such as coding, reimbursement and payer mix, and other internal financial data sources.

• Supports Clinical Value Analysis Committees by working with members to develop and utilize tools to better evaluate the value of items requested to be added for patient care use.

• Participates on a variety of internal committees for the purposes of collaborating on clinical quality value analysis projects related to Perioperative Surgical Service areas (Main OR, Surgical Care Building, Clinics) or other designated procedure areas and Nursing.

• Works with our GPO Spend Management Team to provide supportive quantitative summary analysis to help lead the discussion for the assessment of clinical implications of product decisions.

• Coordinates the resolution of problems associated with product/equipment conversions.

• Collaborates with Materials Management and the appropriate clinical areas on necessary product substitution decisions.

• Works with Value Analysis leadership to continuously track value analysis efforts, measuring and documenting the financial, quality, and service success.

• Articulates and presents data, information, and ideas clearly and concisely.

• Remains current on new value analysis trends, tools and best practices and communicates those to leadership teams.

• Serves as a facilitator and liaison between UI Health Supply Chain Services departments, physicians, and clinicians to ensure value-based utilization of products, technologies, services, and processes.

• Reviews hospital benchmark reports in order to develop targeted areas for savings opportunities.

• Promotes the transparency of clinical, evidential, financial, and operational data.

• Coordinates the ongoing evaluation of products, technologies, services, and processes that have been approved through the value analysis process to determine if the expected outcomes were obtained.

• Coordinates and maintains a process for the "trialing" of products, ensuring that trials and evaluations are unbiased and conducted professionally.

• Works collaboratively with all stakeholders, understanding their goals and helping to achieve them.

• Assists in coordination of staff development and education programs as appropriate.

• Acts as a resource to continuously identify cost management initiatives.

• Manages relationships with vendors, distributors, and other out-facing stakeholders.

Minimum Qualifications

Bachelor's degree in business administration, management, or a field related to the position.

Two (2) years of professional business, financial, and/or managerial work experience.

(NOTE: A Master's Degree in an area consistent with the duties of the position may be substituted for one (1) year (12 months) of work experience.)

Preferred Qualifications

• Master's degree in Supply Chain, Nursing, or related healthcare field preferred
• Three (3) years of relevant experience or coordination of teams, programs, process improvement, analysis, or operations
• Value Analysis or Supply chain experience
• Understanding of clinical evidence, financial analysis, and quantitative/qualitative assessment data

To Apply: For fullest consideration click on the Apply Now button, please fully complete all sections of the onlineapplication including adding your full work history with specific details of your duties & responsibilities for each position held. Fully complete the education, licensure, certification and language sections. You may upload a resume, cover letter, certifications, licensures, transcripts and diplomas within the application.

Please note that once you have submitted your application you will not be able to make any changes. In order to revise your application you must withdraw and reapply. You will not be able to reapply after the posting close date. Please ensure the application is fully completed and all supporting documents have been uploaded before the posting close date. Illinois Residency is required within 180 days of employment.

The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.

The university provides accommodations to applicants and employees. Request an Accommodation