Financial Analyst Value Analysis

Newport News, Virginia 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 Collect, analyze, and interpret clinical and financial data to support the implementation of cost savings opportunities and quality improvement efforts Prepare and present reports on findings, recommendations, and progress on value analysis projects to stakeholders and committees Serve as intermediary between Strategic Sourcing Team and end users, helping to review and analyze new product or service introductions Collaborate with clinical staff, providers, supply chain, and finance teams to facilitate value analysis projects and initiatives, drive consensus, and resolve barriers Review new medical products or product change requests and/or coordinate product evaluations Analyze large volumes of data and summarize and develop actionable metrics for stakeholders Share knowledge of analyst techniques & data interpretation and cross-check work with team members Actively contribute to cost containment by monitoring supply utilization and productivity Plan and implement supply chain optimization projects/product conversions Prepare monthly performance metrics Qualifications Education Bachelors Degree, (Required) Bachelors Degree, Project Management, Supply Chain, Business Administration, Healthcare Administration, or related field (Preferred) Experience 3-4 years recent, relevant experience in finance or supply chain management (Required) Experience working in a hospital or health system environment (Preferred) Skills and Abilities Ability to analyze health care data from conceptualization throughout the presentation of the data or the procurement of goods or services Proficiency with data analytical tools and methodologies, including presentation software (Power Point), Lumere, and Workday Advanced Excel skills, including pivot tables, formulas, and financial modeling, with project management capabilities Strong problem-solving skills with a demonstrated ability to identify issues and implement effective solutions Excellent communication and collaboration skills across clinical, operational, and leadership teams Knowledge of healthcare compliances and supply chain best practices, and units of measure, SKUs, and item-level inventory details Keen attention to detail with the ability to manage multiple priorities in a fast-paced environment Licenses and Certifications Certified Material & Resource Professional (CMRP) (Preferred) Corporate Performance Management (CPM) (Preferred) 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. If loving your work is important to you, consider a career at Riverside. By joining our team, you can make a difference in people's lives. Our mission is to care for others as we would care for those we love. We extend that sense of caring to every patient, resident and customer, as well as to each member of our team. We offer care at all stages of life, in hundreds of locations, giving you room to grow your career, along with great benefits and perks. At Riverside Health, your trust and safety are our top priorities. Unfortunately, job scams are on the rise across the country, and we want to help you feel confident in knowing what is — and is not — part of our hiring process. Learn more about how to recognize a legitimate Riverside job opportunity and what to do if you suspect a scam by visiting this site.