Clinical Value Analysis Specialist

Welcome to MedStar Health - a leading healthcare organization dedicated to providing exceptional patient care. We are currently seeking a highly motivated and experienced Clinical Value Analysis Specialist to join our dynamic team. In this role, you will play a crucial role in identifying and implementing cost-effective solutions to improve the quality of care provided to our patients. If you have a passion for driving innovation and optimizing resources in the healthcare industry, and possess the qualifications and skills outlined below, we invite you to join us in our mission to enhance the health and well-being of our community.

1. Conduct thorough analysis of current clinical practices and identify areas for improvement in terms of cost-effectiveness and quality of care.
2. Collaborate with various departments and stakeholders to gather data and insights on current practices and potential solutions.
3. Research and evaluate medical products, devices, and technologies to determine their impact on patient care and cost.
4. Develop and implement strategies to standardize and streamline purchasing processes to achieve cost savings.
5. Monitor and track usage data to identify opportunities for cost reduction and optimization.
6. Stay updated on industry trends and best practices in value analysis to continuously improve processes and outcomes.
7. Communicate and present findings and recommendations to senior leadership and other relevant stakeholders.
8. Develop and maintain relationships with vendors and negotiate favorable contracts to achieve cost savings.
9. Collaborate with clinical staff to evaluate new products and technologies and make evidence-based recommendations.
10. Ensure compliance with all regulatory and accreditation standards related to value analysis.
11. Train and educate staff on value analysis principles and practices.
12. Participate in cross-functional teams and projects to support organizational goals and initiatives.
13. Maintain accurate and organized documentation of all value analysis activities.
14. Continuously monitor and evaluate implemented solutions to track effectiveness and make necessary adjustments.
15. Act as a liaison between clinical staff and supply chain management to ensure effective communication and collaboration.

According to JobzMall, the average salary range for a Clinical Value Analysis Specialist in Baltimore, MD, USA is between $65,000 and $85,000 per year.

MedStar Health is a not-for-profit healthcare organization. It operates more than 120 entities, including ten hospitals in the Baltimore–Washington metropolitan area of the United States.