Corporate Director of Value Analysis- Full Time Days

Location: CFV

Facility

Cape Fear Valley Medical Center

Location

Fayetteville, North Carolina

Department

Supply Chain Administration

Job Family

Management

Work Shift

Days (United States of America)

Summary

Responsible for achieving supply expense management initiatives and targets utilizing the value analysis process on a total annual spend in excess of $130 million. Directs the value analysis process to provide high quality, efficient, and cost-effective products and services. This process will require the establishment and adherence to a streamlined method for standardizing and monitoring product/service selection, utilization, and costs. Facilitates clinical and strategic expertise that optimizes supply expense management while continuously improving all processes that support patient care, education and research. Works closely with the VP of Supply Chain to accurately report and manage the overall implementation of supply chain improvement efforts related to the Value Analysis process.

Major Job Functions

The following is a summary of the major essential functions of this job. The incumbent may perform other duties, both major and minor, that are not mentioned below. In addition, specific functions may change from time to time:

• Lead the end-to-end value analysis process, including product/service introduction, evaluation, trials, conversion, and tracking of outcomes.

• Partner with physicians, clinicians, and department leaders to assess needs, ensure clinical alignment, and support positive outcomes.

• Identify, prioritize, and manage cost-containment opportunities; drive annual cost-reduction and cost-avoidance initiatives and maintain accurate financial tracking.

• Analyze product/service utilization, expenditures, and performance; prepare objective reports, cost analyses, and recommendations.

• Coordinate vendor engagement, outlining expectations and supporting contract negotiations.

• Guide project teams through value analysis procedures, Steering Committee preparation, proposal development, and agenda prioritization.

• Collaborate with Finance, Supply Chain, Materials Management, suppliers, and user groups to support conversions, resolve product issues, and manage recalls.

• Maintain policies, procedures, savings documentation, and reporting tools for the value analysis program.

• Lead and participate in cross-functional teams, workgroups, and committees to improve processes, quality, and customer service.

• Serve as a resource for cost-effective product/service selection, utilization, and benchmarking; develop education to increase accountability for supply expense management.

• Monitor healthcare technology, regulatory changes, and industry trends to inform product/service decisions.

• Build strong relationships with leadership, physicians, and clinical stakeholders to support supply chain and organizational initiatives.

• Address emergent issues promptly while balancing stakeholder needs and consulting legal or risk management when necessary.

• Other duties as assigned

Minimum Qualifications

The following qualifications, or equivalents, are the minimum requirements necessary to perform the essential functions of this job:

Education and Formal Training:

• Bachelor’s degree in Nursing, Industrial Engineering, or Finance required

• Masters in Business Administration, Health Science, or related discipline preferred

Work Experience:

• 7 years in a progressively more responsible role in a healthcare and/or supply chain environment required

• 5 years in Value Analysis Leadership preferred

Knowledge, Skills, and Abilities Required:

• Proficiency in reading, writing, and speaking the English language

• Experience in cost containment and expense management activities

• Proven management skills, including program planning and development, project management, and performance and quality management

• Demonstrated analytical experience with knowledge of financial and accounting concepts

• Excellent interpersonal relationship skills and the ability to drive consensus

• Computer competency — Microsoft suite (Word, Excel, PowerPoint) required

• Knowledge of Access desirable

• Strong communication skills, which will encompass both oral and written including the ability to give presentations to physicians, clinicians, and administrators

• Demonstrated problem-resolution skills

• Understands inter-workings of supply chain activities

• Ability to interact and manage relationships with vendors

Physical Requirements:

• Verbal ability is required to communicate effectively with all constituents

• Finger dexterity and motor coordination are required to work keys of computer and calculator

• work is mostly sedentary

Required Licenses and Certifications

Cape Fear Valley Health System is an Equal Opportunity Employer M/F/Disability/Veteran/Sexual Orientation/Gender Identity