- University of Michigan
- Location: Ann Arbor, Michigan
Admin-Business And Financial Management
- Posting Date: 06/29/2022
- Application Deadline: Open until filled
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.
Who We Are
The aim of Michigan Medicine is to advance health to serve Michigan and the world. With annual revenues of approximately $5.0 billion, Michigan Medicine ranks as one of the top academic health centers in the country, and is committed to providing exceptional patient care, facilitating groundbreaking research, and developing the next generation of physicians and scientists. Michigan Medicine consists of the University of Michigan Hospitals, the University of Michigan Medical School and its Medical Group, Michigan Health Corporation, and affiliated health systems.
Why Work at Michigan?
- Excellent medical, dental and vision coverage effective on your very first day
- Flexible spending accounts
- Prescription Drug Plan
- Mental and emotional health programs
- Child Care Resources
- Life Insurance
- Legal Services Plan
- 2:1 Match on 401K
Another reason to Go Blue!
- Nationally Recognized for work/life effectiveness by WorldatWork
- Top 5 employer in Michigan by Crain’s Detroit Business
- Forbes #1 Best Employer in Michigan
- Ranked #11 in the US and best in Michigan “Best Hospitals” rankings for 2020-21
- Five medical specialties ranked in the nation’s top 10 and was ranked No. 1 in the state of Michigan.
- Michigan Medicine ranked #15 in Newsweek’s “World’s Best Hospitals” rankings
A cover letter is required to apply for this role.
Value Analysis is an outcomes focused systemic process to review clinical products, equipment and technologies to evaluate their clinical efficacy, safety, utilization and organizational impact. The Value Analysis Manager is responsible for leading this Value Analysis process for Michigan Medicine with the goals of providing high quality, efficient and cost-effective service. This process requires the adherence to a streamlined method for standardizing and monitoring product selection, utilization, and cost. This position leads staff who will actively work with members of the health care team to assist them with product conversations, which will include listening to concerns, mediating user issues with manufacturers and following up on product quality concerns. The Value Analysis Manager serves staff as both an educator and mentor on the value analysis process, utilizing quality improvement practices. This position will have responsibility for achieving supply expense management initiatives and utilizes the value analysis process on a total annual medical surgical product spend more than $300 million annually as well as facilitating clinical capital purchases impacting multiple departments.
What will you be doing?
- Manage Value Analyst Seniors who are responsible for clinical product investigation, analysis, conversion, issues management and tracking projected outcomes, including:
- Ensure decision making process for all new clinical products follows a standard process.
- Educate leadership about conducting Value Analysis processes (i.e. procedures, work effort, information)
- Measure, monitor and analyze product/service usage and expenditures to identify opportunities for expense reduction with emphasis on standardization and utilization opportunities for improving product performance and patient outcomes.
- Manage Analysts (Value Analyst and Clinical Business Analyst) who are responsible for clinical product/equipment purchase decision making facilitation via data gathering, research, financial analysis, and benchmarking.
- Facilitate clinical Value Analysis Teams (VATs) providing guidance in cost containment, reimbursement, contact compliance, standardization efforts, providing financial analysis and the cost impact to the organization. Collaborate resources for hospital supply initiatives.
- Provides clinical assistance to facilitate planning and directing of product conversions and new product introduction. Collaborates with supply chain partners to assure that all products and equipment meets organizational standards and end-user requirements that meet compliance, quality, and safety specifications.
- Creates a collaborative approach with clinicians to motivate the workforce to focus on the patient experience. Engage team members in commitment to this approach through participation, dialogue, and compelling communication of the clinical value analysis by highlighting products that improve upon quality outcomes.
- May evaluate vendor proposals for purchases, products, supplies, and technology and capital equipment services to assure adherence to specifications. Analyzes proposed and actual products in terms of the feasibility of using products within the system.
- Work collaboratively within all supply chain teams with effective, transparent communication towards seamless product flow throughout the supply chain stream.
- Facilitate clinical product/equipment implementation via education and communication with Supply Chain staff and clinical departments.
- Determine generic line-item specifications based on pre-existing product/equipment specifications and present/future clinical needs.
- Coordinate clinical product/equipment evaluation including proper use of product, use of appropriate evaluation criteria, documentation of evaluation outcomes and consultation of necessary personnel (i.e., physicians, nursing, infection prevention, biomedical engineering etc).
- Ensure written summary /cost analysis and recommendations are documented relative to evaluated product/equipment.
- Coordinate the resolution of any problems associated with product/equipment conversions.
- Ensure Medical Device Formulary data entry including product line categories and nomenclature.
- Manage daily substitution process for Warehouse Operations including notification to appropriate clinical areas.
- Manager product/equipment recall process for UMH including review, notification, documentation, and education of staff.
- Assure review of all product complaints meeting review criteria, document and determine course of action.
- Ensure Value Analysis participation in the Safe Medical Device Act Committee which includes review of critical incidents involving products or equipment. Implement corrective action when appropriate.
- Ensure daily, proactive clinical support to the UMHS supply chain.
- Keep Senior Director of Supply Chain Strategy and Procurement and other operational leaders (as appropriate) apprised of all critical risks, processes and decisions that impact supply and/or clinical practice.
- Partner with Supply Chain Leadership for setting clinical equipment/commodity priority goals.
- Partner with Group Purchasing Organization (GPO) for savings and standardization opportunities
- 5 years healthcare experience related to the duties and responsibilities specified, including supervision.
- Master’s Degree in Clinical related field or bachelor’s degree in Clinical related field with a master’s degree in Administration.
- Experience managing clinical equipment/commodity evaluations.
- Knowledge of standard clinical and operating procedures and general finance in an acute care setting required. Knowledge of medical terminology.
- Demonstrated success using A3 problem solving and other Lean concepts
- Demonstrated experience and commitment to Servant Leadership.
- Demonstrated commitment to humble inquiry.
- Demonstrated success using data driven decision making and outcomes-based performance.
- Demonstrated success using Change Management concepts.
- Ability to communicate effectively and clearly with all levels of the organization.
- Ability to work autonomously while managing multiple projects and meeting agreed upon timelines.
- Ability to read, analyze and interpret scientific journals, financial reports, and legal documents. Able to respond to common inquiries or complaints from clients, coworkers, or members of the business community.
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.
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 any time after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.
U-M COVID-19 Vaccination Policy
COVID-19 vaccinations, including boosters when eligible, are required for all University of Michigan students, faculty and staff across all campuses, including Michigan Medicine. This includes those working remotely. More information on this new policy is available on the Campus Blueprint website or the UM-Dearborn and UM-Flint websites.