Skills & Competencies for Health Value Analyst

Health Value Analyst job profile

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JOB SUMMARY for Health Value Analyst

Analyzes product research and clinical outcomes data, and prepares financial analyses to ensure that hospital supply management activities optimize the delivery of cost-effective, quality healthcare.

JOB RESPONSIBILITIES for Health Value Analyst

Determines the clinical and financial impact of adding new products and technologies to the hospital product line. Evaluates prospective technologies that may significantly impact revenue and support strategic planning.

Health Value Analyst SALARY RANGE

BASE 50%
$86,635
TOTAL 50%
$87,958
Job Level
P03
Job Code
HC07000433
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager

Health Value Analyst Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Health Value Analyst skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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1 hard skill or competency (industry competency) for Health Value Analyst

1 Industry Competency – Clinical Data Analysis
Proficiency Level -2
Skill definition-Verifying the validity of clinical data and scientific experiments to improve the quality and efficiency of care.
Level 1 Behaviors
(General Familiarity)
Explains the relevance of the drug development process in executing clinical data analyses for trials.
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Level 2 Behaviors
(Light Experience)
Identifies tools to help collect and analyze data to coordinate clinical research studies effectively.
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Level 3 Behaviors
(Moderate Experience)
Provides direct support to the project team to assess and report clinical data in early clinical research studies.
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Level 4 Behaviors
(Extensive Experience)
Manages the integration of data sources across the organization to develop advanced clinical analysis.
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Level 5 Behaviors
(Mastery)
Creates customized data analysis documentation software to improve the quality of clinical performance and outcomes.
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3 Health Value Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Health Value Analyst
Proficiency Level - 4
5 Competency for - Health Value Analyst
Proficiency Level - 5

6 general skills or competencies (Job family competencies) for Health Value Analyst

1 Job Family Competencies – Healthcare Industry
Proficiency Level -3
Skill definition-Applying healthcare industry knowledge to manufacture drugs and equipment and offer clinical and other healthcare-related support services.
Level 1 Behaviors
(General Familiarity)
Describes the history and recent developments in the healthcare industry.
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Level 2 Behaviors
(Light Experience)
Locates resources to acquire updates regarding changes in healthcare regulations and requirements.
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Level 3 Behaviors
(Moderate Experience)
Implements strategies to resolve medical and pharmaceutical malpractices affecting the quality of outcomes.
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Level 4 Behaviors
(Extensive Experience)
Evaluates healthcare industry changes and proposes objective and strategy improvements.
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Level 5 Behaviors
(Mastery)
Keeps current on issues concerning information privacy to improve customers' trust in sharing personal information.
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2 Job Family Competencies – Healthcare Knowledge
Proficiency Level -2
Skill definition-Utilizing and sharing knowledge of healthcare practices, processes, systems, and procedures to provide high-quality services to patients.
Level 1 Behaviors
(General Familiarity)
Describes the importance and the role of knowledge management within the healthcare industry.
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Level 2 Behaviors
(Light Experience)
Identifies critical competencies and relevant resources to support healthcare advancements.
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Level 3 Behaviors
(Moderate Experience)
Participates in public discussions to raise awareness on health issues, technologies, or advancements.
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Level 4 Behaviors
(Extensive Experience)
Guides healthcare staff on how to operate and maintain healthcare knowledge management systems.
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Level 5 Behaviors
(Mastery)
Develops and delivers educational programs for employees to improve our healthcare service delivery.
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3 Health Value Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Health Value Analyst
Proficiency Level - 4
5 Competency for - Health Value Analyst
Proficiency Level - 5

6 soft skills or competencies (core competencies) for Health Value Analyst

1 Core Competencies – Analytical Thinking
Proficiency Level -3
Skill definition-Gathering, organizing, and analyzing information to identify the root cause of organizational problems and develop alternative solutions accordingly.
Level 1 Behaviors
(General Familiarity)
Explains the integral role data collection plays when conducting analytical thinking.
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Level 2 Behaviors
(Light Experience)
Breaks down a specific project into lists of tasks.
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Level 3 Behaviors
(Moderate Experience)
Develops alternative solutions and compares the pros and cons.
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Level 4 Behaviors
(Extensive Experience)
Draws conclusions based upon logic and intuitive judgment.
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Level 5 Behaviors
(Mastery)
Evaluates potential risks using extensive industry knowledge when considering new opportunities.
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2 Core Competencies – Attention to Detail
Proficiency Level -3
Skill definition-Executing and completing a task with a high level of accuracy.
Level 1 Behaviors
(General Familiarity)
Identifies the procedures for making sure that results are mistake-free.
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Level 2 Behaviors
(Light Experience)
Processes limited amounts of detailed information with reasonable accuracy.
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Level 3 Behaviors
(Moderate Experience)
Reviews and analyzes the accuracy of data and details.
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Level 4 Behaviors
(Extensive Experience)
Designs systems to help the team organize and track details and project progress.
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Level 5 Behaviors
(Mastery)
Develops best practices for identifying and correcting errors, oversights, and omissions.
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3 Health Value Analyst - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Health Value Analyst
Proficiency Level - 4
5 Competency for - Health Value Analyst
Proficiency Level - 5

Summary of Health Value Analyst skills and competencies

There are 1 hard skills for Health Value Analyst, Clinical Data Analysis.
6 general skills for Health Value Analyst, Healthcare Industry, Healthcare Knowledge, Medical Technologies, etc.
6 soft skills for Health Value Analyst, Analytical Thinking, Attention to Detail, Time Management, etc.
While the list totals 13 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Health Value Analyst, he or she needs to be skilled in Analytical Thinking, be skilled in Attention to Detail, and be skilled in Time Management.

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