Value Analyst Senior

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Job Summary

Develops and maintains a program of policies, systems, methods and procedures for the effective management and control of the purchasing function to reduce costs and produce additional income. Compiles and analyzes statistical data to determine feasibility of buying products and to establish price objectives for contract transactions. Obtains data for cost analysis studies by determining manufacturing costs within divisions of company. Prepares reports, charts, and graphs of findings. Evaluates findings and makes recommendations regarding feasibility of manufacturing or buying needed products. Recommends use of alternative parts, materials, or manufacturing methods to reduce costs. Employees in this classification typically analyze, compare and evaluate various courses of action and have the authority to make independent decisions on matters of significance, free from immediate direction, within the scope of their responsibilities. Primary activities and decision-making authority are predominantly performed independently affecting business operations to a substantial degree.

Mission Statement

Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally.  Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.

Why Join Michigan Medicine?

Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world’s most distinguished academic health systems.  In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.

What Benefits can you Look Forward to?

  • Excellent medical, dental and vision coverage effective on your very first day
  • 2:1 Match on retirement savings

Responsibilities*

  • This position reports directly to the Value Analysis Manager for UMH.
  • Serves as one of three senior analysts supporting the UMH Operating Rooms from the Corporate Value Analysis Department within Supply Chain Services.
  • Evaluates and analyzes new OR product requests using industry best practice standards for Healthcare Value Analysis.
  • Partners with the sourcing and contracts and procurement departments on identifying and implementing strategic sourcing strategies.
  • Serves as a key collaborator with OR physicians, nurses, and other clinical staff.
  • Manages supply chain activities and utilization/consolidation efforts in collaboration with department heads, surgeons, vendor representatives.
  • Reviews and enforces department and hospital protocols regarding contract compliance and supply chain processes.
  • Contributes to the monitoring of vendor relationships and behaviors.
  • Facilitates medical device decision-making between clinical, administrative and supply chain stakeholders.
  • Facilitates/participates in the Perioperative Value Analysis Team (VAT) committee.
  • Advises clinicians to report on medical device failures.  Assists with supplier follow-up when appropriate.
  • Maintains record of implemented process improvement initiatives and documented cost savings achieved through the value analysis process.

Required Qualifications*

  • Bachelor's degree in Health Care, Supply Chain Management, Business, or Nursing 
  • Three years experience in healthcare Sourcing, Contracting, Supply Chain, and/or Health Care environment. Strong preference will be given to a background in the OR setting. 
  • Three years experience in performing complex analysis.
  • Strong ability to work independently and accomplish complex problems with at times minimal direction and oversight.
  • Expertise in Microsoft applications such as Excel, Visio, and PowerPoint
  • Significant knowledge of medical device (equipment and disposables) use in a clinical setting is required.
  • Excellent communication and presentation skills.
  • High level of professionalism, honesty, and integrity with the ability to work independently with minimal oversight.
  • Dedicated to continuous improvement and personal development.
  • Able to create and maintain enthusiasm for new and challenging goals.
  • Experience facilitating decision-making with diverse stakeholders.

Desired Qualifications*

  • Recent (within last 3 years) clinical experience such as Nursing or comparable, is preferred especially in the OR setting
  • Health care supply chain operation knowledge
  • Value and cost-benefit analysis experience
  • Ability to work in a fast paced high pressure setting

Work Schedule

Monday-Friday, 8:00am-5:00pm - flexibility to start/end time required based on departmental/project needs. Typically no weekends and no holidays. This is a hybrid position with both remote and on site work required at the discretion of the Value Analysis Manager.

Modes of Work

Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.

Background Screening

Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings.  Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.

Application Deadline

Job openings are posted for a minimum of seven calendar days.  The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.

U-M EEO/AA Statement

The University of Michigan is an equal opportunity/affirmative action employer.