Sourcing Analyst

Avera Palm Place Contract Analyst

Location: Avera Palm Place

Worker Type: Regular

Work Shift: Day Shift (United States of America)

Pay Range: $55,640.00 - $83,200.00

Position Highlights

You belong at Avera. Be part of a multidisciplinary team built with compassion and the goal of Moving Health Forward for you and our patients. Work where you matter.

A Brief Overview

Analyzes complex contracts from the financial, business, and operational perspective in such areas as financial and expense contract performance, cost-benefit analysis, forecasting, return on investment, and service performance. Analyzes trends in financial and business operations, formulates recommendations for action, and facilitates process improvement initiatives. Works in close collaboration with the Value Analysis committees, Service Lines, CNO group and other key clinical stakeholders to identify opportunities for savings and standardization in the areas of contracting and reduction of clinical variations in products across the Avera system. This position will work as part of a team along with the clinical subject matter expert and contract negotiator to meet performance targets in supply spend savings.

What You Will Do

Prepares financial, business, trend, and operational analyses of products, services, projects, or general business that may include but is not limited to budget analysis, cost benefit analysis, analysis of technology/capital equipment, and vendor services.

Partners with and facilitates discussions with individuals and business areas to understand and prioritize business needs and processes.

Monitors benchmarks and market trends, and prepares financial projections. Plans and assists in implementing process improvement initiatives and installing best business practices.

Creates comparative matrices based on the determination of total cost/benefit analysis. Assists in the development of financial proformas and product/service evaluations.

Utilizes systems and department software to develop, and maintain financial reporting tools to support business decisions, which include but are not limited to reports on savings, return on investment, and compliance. Prepares related reports, graphs, charts, presentations and other documents to support analysis.

Assists in and supports the development of business policies/procedures as needed.

Develops, implements, and evaluates special projects related to process and operational improvement initiatives, and recommends cost savings/standardization opportunities.

Works in close partnership and collaboration with the Avera Clinical Resource Managers, Contract Managers and clinicians in order to identify large savings opportunities and standardization opportunities.

Works in a cost savings matrix to capture both budgeted cost savings as well as capital cost avoidance. Works with regional Finance Officers to tie back savings to the appropriate cost center for potential budget reduction.

Successfully works on multiple projects at the same time by applying organizational and prioritization skills to accomplish outlined objectives.

Essential Qualifications

The individual must be able to work the hours specified. To perform this job successfully, an individual must be able to perform each essential job function satisfactorily including having visual acuity adequate to perform position duties and the ability to communicate effectively with others, hear, understand and distinguish speech and other sounds. These requirements and those listed above are representative of the knowledge, skills, and abilities required to perform the essential job functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions, as long as the accommodations do not cause undue hardship to the employer.

Required Education, License/Certification, or Work Experience:

Bachelor's or 5 years analytical related experience

5 years analytical related experience or education

Proficient in the use of Microsoft Office Suite (Word, PowerPoint, Excel, Access, Visio) or similar products. Expertise preparing, importing and manipulating information in spreadsheets, databases, and presentations

Expectations and Standards

Commitment to the daily application of Avera's mission, vision, core values, and social principles to serve patients, their families, and our community.

Promote Avera's values of compassion, hospitality, and stewardship.

Uphold Avera's standards of Communication, Attitude, Responsiveness, and Engagement (CARE) with enthusiasm and sincerity.

Maintain confidentiality.

Work effectively in a team environment, coordinating work flow with other team members and ensuring a productive and efficient environment.

Comply with safety principles, laws, regulations, and standards associated with, but not limited to, CMS, The Joint Commission, DHHS, and OSHA if applicable.

Benefits You Need & Then Some

Avera is proud to offer a wide range of benefits to qualifying part-time and full-time employees. We support you with opportunities to help live balanced, healthy lives. Benefits are designed to meet needs of today and into the future.

PTO available day 1 for eligible hires.

Up to 5% employer matching contribution for retirement

Career development guided by hands-on training and mentorship