Financial Analyst Value Analysis

Newport News, Virginia

Hiring Range

$60,600.00 - $83,325.00/Annual
Actual pay is determined based on job-related factors such as relevant experience, education, credentials, skills, internal equity, and business needs.

Overview

The Supply Chain Value Analysis Financial Analyst supports clinical and operational decision-making by analyzing organization spend, evaluating financial impact, and identifying opportunities to optimize value while maintaining high-quality patient care. This role partners closely with supply chain, finance, clinicians and leadership to support value analysis initiatives, contract compliance, and cost-reduction strategies. This process allows for the best possible product and service decisions using evidence-based medicine principles, quality patient outcomes, and cost. The Financial Analyst demonstrates comprehensive knowledge in their area of responsibility and performs other duties as assigned.

What you will do

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Collect, analyze, and interpret clinical and financial data to support the implementation of cost savings opportunities and quality improvement efforts

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Prepare and present reports on findings, recommendations, and progress on value analysis projects to stakeholders and committees

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Serve as intermediary between Strategic Sourcing Team and end users, helping to review and analyze new product or service introductions

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Collaborate with clinical staff, providers, supply chain, and finance teams to facilitate value analysis projects and initiatives, drive consensus, and resolve barriers

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Review new medical products or product change requests and/or coordinate product evaluations

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Analyze large volumes of data and summarize and develop actionable metrics for stakeholders

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Share knowledge of analyst techniques & data interpretation and cross-check work with team members

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Actively contribute to cost containment by monitoring supply utilization and productivity

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Plan and implement supply chain optimization projects/product conversions

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Prepare monthly performance metrics

Qualifications

Education

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Bachelors Degree, (Required)

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• Bachelors Degree, Project Management, Supply Chain, Business Administration, Healthcare Administration, or related field (Preferred)

Experience

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• 3-4 years recent, relevant experience in finance or supply chain management (Required)
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• Experience working in a hospital or health system environment (Preferred)

Skills and Abilities

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• Ability to analyze health care data from conceptualization throughout the presentation of the data or the procurement of goods or services
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• Proficiency with data analytical tools and methodologies, including presentation software (Power Point), Lumere, and Workday
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• Advanced Excel skills, including pivot tables, formulas, and financial modeling, with project management capabilities
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• Strong problem-solving skills with a demonstrated ability to identify issues and implement effective solutions
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• Excellent communication and collaboration skills across clinical, operational, and leadership teams
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• Knowledge of healthcare compliances and supply chain best practices, and units of measure, SKUs, and item-level inventory details
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• Keen attention to detail with the ability to manage multiple priorities in a fast-paced environment

Licenses and Certifications

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Certified Material & Resource Professional (CMRP) (Preferred)

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Corporate Performance Management (CPM) (Preferred)

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• Certified Value Analysis Healthcare Professional (CVAHP) or Project Management Professional (PMP) (Preferred)
• To learn more about being a team member with Riverside Health System visit us at https://www.riversideonline.com/careers.