Position Summary: We have an exciting opportunity to join our team as a Value Analysis Specialist.
In this role, the successful candidate the Value Analysis specialist will report into the Director of Value Analysis. This position is responsible for providing sourcing services to the Medical Center based on predefined service levels. This position will assist management in defining, measuring, monitoring and achieving operational objective. This role will primary focus on contract related functions relative to process, achieving outcomes and continuous improvement. Contract tasks include establishing, coordinating and maintaining project pipelines and plans, supporting project charter and governance process, data analysis, meeting coordination and communication, presentation preparation, meeting minutes, tracking follow up actions, escalation of issues and active participation in suggesting and implementing solutions. This person has the ability to utilize clinical and financial analytics, evidence based product information, and contract and value based strategies, as aligned with the mission of the NYU Corporate Supply Chain in order to assist clinical and physician supply chain initiatives. The person must be able to support the clinical and contracting aspects of supply chain projects, interpret and communicate findings, make recommendations, and work with clinical, financial, operational and supply chain individuals as well as clinicians and physicians.
Responsibility and accountability for improving the quality and efficiency of operational and financial processes and the driving customer satisfaction for internal and external constituents. Develops and documents new Corporate Supply Chain policies and procedures. Obtains approval and ensures processes are established to enforce the policies. Develops necessary training tools and reports to assist in the administration of the policies. Uses Six Sigma, LEAN, and Workout methodologies to achieve process improvement. Facilitates integration of methodology with external vendors and customers. Promotes professional accountability for VA related operational improvements. Maintains and updates status of all VA projects in accordance with NYU SCM procedures. Obtains all required supporting documents for each agreement including insurance, indemnification, compliance and internal approval documentation as required per the agreement and internal policies. Ensures processing of contracts and other award agreements for the Director of VA (e.g., coordinate with sponsoring departments, collaborating institutions, to obtain the appropriate final documents, coordinate with Sourcing Leaders, and end users to make sure all appropriate signatures are obtained, and compile the agreement and all other contractual documentation for conversions and projects.
Develops appropriate analyses that meet users' needs and support NYU relating to Corporate Supply Chain. Provides seamless clinical and financial data in a useable format allowing for the identification, analysis and evaluation of alternative strategies as solutions of business and operational issues requiring management attention. Develops and maintains accurate reporting analysis for monthly review by leadership to assure appropriate use of Supply Chain Management resources. Assists in designing and utilization dashboards and reports (both at Executive and Team Levels) to monitor key critical to quality measurements and operational goals. Drives utilization of dashboards by all team members. Assures real time and digital access to dashboards and tools. Ability to develop project business plans as required to meet the needs of department. Leads, facilitates as well as executes projects to improve the operational efficiency of value analysis Management. Provides leadership in meetings regarding goals and objectives. Interacts with all levels of the organization as required. Influences and communicates with all levels of NYU clinical, financial, and operational management concerning Corporate Supply Chain team goals and progress. Utilizes appropriate information systems to develop supporting create integrated clinical and operating reports to support projects.
Provides key financial and operational data highlighting business and operational issues requiring management attention and resources. Participates in departmental task forces and committees to provide operational input. Makes quality-focused recommendations relative to the operational management of Corporate Supply Chain. Working with the Corporate Supply Chain Executives, coordinates and develops annual operating budget for Corporate Supply Chain. Reports out monthly results.
Alerts supervisor to any significant changes in documents requiring managerial review. Maintains current knowledge and processing guidelines of all forms, guidelines, manuals, directives, etc. which apply to the contracting process at NYU. Customizes and/or composes letters on own initiative or in response to requests for information and surveys. Working with Corporate Supply Chain Leadership team, this position will facilitate necessary changes in the governance, managerial, support and clinical processes that affect outcomes across the organization.
Assists Project management team in development of new forms, guidelines, manuals, and directions in connection with NYU SCM / VA processes.
Demonstrates knowledge of contractual commitments and incorporate them into the performance of duties.
Must possess the skills to interpret and analyze data both financially and clinically in order to present and interpret outcomes. Must be able to explain and convey data to all end users. Must be able to identify sourcing opportunities from data.
Establishes business cases supporting sourcing recommendations. Conducts negotiations with suppliers on pricing and contractual terms and conditions and develops contracts supporting our business requirements, including clearly defined service expectations/goods specifications, performance measurement practices and shortfall remedies.
Must be able to analyze contracts, terms and conditions, and ramifications of contractual verbiage as it relates to the product, service, supplier in question and those ramifications within the hospital. This includes but is not limited to GPO (group purchasing organizations) locals and enterprise agreements. Develops contracts supporting our business requirements, including clearly defined service expectations/goods specifications, performance measurement practices and shortfall remedies.
Ensuring proper project management and facilitation of open initiatives in a timely manner consistent with NYU Corporate Supply Chain policies and procedures.
Assists mangers in operating concerns regarding manufacturer back orders/constraints, substitutions, new product additions, and maintenance of contracted portfolios as assigned.
Manages the respective contract portfolio in terms of active and expiring agreements as well as defines and enables needs for new and current contracting opportunities.
Works with Implementation Manager, Strategic Sourcing, Clinicians, and a multi-disciplinary value analysis team, as well as Finance and various departments to quantify the budget impacts of implementing new contracts (i.e., savings). Works with IT, establish automated processes to enable efficient supplier interfaces in a controlled, integrated and cost-effective manner. Works with internal clients, periodically review supplier effectiveness; remain abreast of evolving internal client needs and keep clients aware of evolving market capabilities.
Minimum Qualifications: To qualify you must have a must have a Bachelors Degree in a related field. The ideal candidate needs strong oral and written communication and clinical analytic skills in terms of analysis and presentation. The candidate needs to be able to synthesize complex clinical information into a cohesive summary for both clinical and non-clinical staff. The candidate must be able to work independently and provide regular updates to management as directed with regard to current projects and initiatives. Experience in managing a commodity based contract portfolio in a healthcare setting Prior experience in operations, procurement, and sourcing.
Preferred Qualifications: Preferred experience with strategic sourcing responsibilities for various commodities, both products and services, within and outside healthcare organizations. High degree of proficiency in Microsoft Excel. Knowledge of procurement/sourcing process. Strong analytical skills and ability to work with data in excel. Excellent written and verbal communication skills. Excellent customer service skills. Entry level knowledge and understanding of sourcing/procurement. Ability to follow a process based on documented guidelines. Excellent interpersonal, writing and verbal communication skills. Must be able to execute faithfully institutional guidelines and directions. Good proofreading skills with moderate to fast, accurate keyboarding abilities.
Qualified candidates must be able to effectively communicate with all levels of the organization.
NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.
NYU Langone Health is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sex, sexual orientation, transgender status, gender dysphoria, national origin, age, religion, disability, military and veteran status, marital or parental status, citizenship status, genetic information or any other factor which cannot lawfully be used as a basis for an employment decision. We require applications to be completed online. If you wish to view NYU Langone Health's EEO policies, please click here. Please click here to view the Federal 'EEO is the law' poster or visit https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm for more information. To view the Pay Transparency Notice, please click here.
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Internal Number: 68846214
About NYU Langone Medical Center
NYU Langone Health is a world-class, patient-centered, integrated academic medical center, known for its excellence in clinical care, research, and education. Included in the 200+ locations throughout the New York area are five inpatient locations: Tisch Hospital, its flagship acute-care facility; Rusk Rehabilitation, ranked as one of the top 10 rehabilitation programs in the country; NYU Langone Orthopedic Hospital, a dedicated inpatient orthopedic hospital with all musculoskeletal specialties ranked top 10 in the country; Hassenfeld Children's Hospital at NYU Langone, a comprehensive pediatric hospital supporting a full array of children's health services; and NYU Langone Hospital—Brooklyn, a full-service teaching hospital and level 1 trauma center located in Sunset Park, Brooklyn. Also part of NYU Langone Health is the Laura and Isaac Perlmutter Cancer Center, a National Cancer Institute–designated cancer center, and NYU School of Medicine, which since 1841 has trained thousands of physicians and scientists who have helped to shape the course of medical history.