Value Analysis Analyst
Vizient · Worcester · $68,500–$116,300 (stated in the posting)
When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.
Summary:
In this role, you will support the Value Analysis program by analyzing clinical, operational, financial, and supply chain data to identify opportunities for product standardization, utilization management, and cost optimization. You will collaborate with clinical, supply chain, and finance teams to support product evaluations, technology assessments, and implementation of approved initiatives. You will leverage data-driven insights, evidence-based research, and emerging technologies to support informed decision-making, operational efficiency, patient safety, and quality outcomes.
Responsibilities:
- Analyze clinical, financial, utilization, quality, and supply chain data to identify opportunities for cost savings, product standardization, and operational improvement.
- Develop dashboards, reports, scorecards, and analyses to support Value Analysis initiatives, performance monitoring, and strategic decision-making.
- Track and report cost savings, product utilization trends, implementation progress, and initiative outcomes while maintaining accurate databases and documentation.
- Support product evaluations, technology assessments, new product reviews, supply disruptions, and request for proposal (RFP) activities.
- Manage and help source solutions for back orders, product discontinuations, and product recalls, coordinating with supply chain, suppliers, and internal stakeholders to support continuity of supply and timely communication.
- Conduct evidence-based research using clinical literature, benchmarking information, and market data to inform product and technology recommendations.
- Prepare presentations, reports, and supporting materials for Value Analysis committees, supply assurance meetings, and cross-functional project teams.
- Collaborate with clinical, supply chain, finance, and operational teams to coordinate information requests, evaluate opportunities, and implement approved product conversions and standardization initiatives.
- Identify opportunities to streamline reporting, improve workflows, strengthen data quality, and enhance operational efficiency while supporting organizational policies and governance processes.
- Monitor healthcare supply chain trends, emerging technologies, industry best practices, and continuous improvement opportunities to support departmental initiatives.
- Leverage AI-enabled tools to enhance data analysis, research, reporting, documentation, and communication while critically evaluating outputs for accuracy, relevance, and appropriate business use.
Qualifications:
- Relevant degree preferred.
- 2 or more years of relevant experience required.
- Experience analyzing and interpreting clinical, financial, operational, utilization, or supply chain data within healthcare or related industries.
- Advanced proficiency in Microsoft Excel and Microsoft Office applications, with experience developing reports, dashboards, and data visualizations.
- Strong analytical, critical thinking, and problem-solving skills with attention to detail and data accuracy.
- Excellent written and verbal communication, collaboration, and organizational skills, with the ability to manage multiple priorities and support cross-functional initiatives.
- Experience using AI-enabled tools to improve productivity, solve business problems, and critically evaluate AI-generated content for accuracy and appropriate use.
- Experience with enterprise resource planning (ERP), materials management information systems (MMIS), electronic medical records (EMR), or healthcare benchmarking and reporting platforms preferred.
- Knowledge of healthcare value analysis, supply chain operations, product evaluations, and evidence-based decision-making preferred.
- Experience with Lean methodologies, continuous improvement initiatives, or project management practices preferred.
- This position follows a hybrid model of three days per week in the office.
- Willingness to travel
Estimated Hiring Range:
At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $68,500.00 to $116,300.00.This position is also incentive eligible.
Vizient has a comprehensive benefits plan! Please view our benefits here:
http://www.vizientinc.com/about-us/careers
Equal Opportunity Employer: Females/Minorities/Veterans/Individuals with Disabilities
The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.