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%
$86,449
TOTAL 50%
$87,772
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)
Names theoretical concepts behind various qualitative and quantitative data analysis techniques in clinical research.
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Level 2 Behaviors
(Light Experience)
Supports clinical data processing, including entry, verification, filing, and information protection.
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Level 3 Behaviors
(Moderate Experience)
Uses medical literature reviews to analyze clinical data for the completion of health guidelines of the organization.
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Level 4 Behaviors
(Extensive Experience)
Trains staff on how to use computer systems and capture data correctly for future clinical data analysis.
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Level 5 Behaviors
(Mastery)
Develops queries in clinical research database to produce raw data needed for report creation and analysis.
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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)
Names the healthcare industry sectors and defines the purpose and functions of each.
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Level 2 Behaviors
(Light Experience)
Uses and maintains electronic health records (EHRs) according to legal and industry standards.
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Level 3 Behaviors
(Moderate Experience)
Works with various industry professionals to formulate new treatment processes for patients.
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Level 4 Behaviors
(Extensive Experience)
Recommends innovations to minimize and control costs in providing quality care to clients.
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Level 5 Behaviors
(Mastery)
Stays abreast of the changes in industry laws to ensure our organization's adherence.
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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)
Identifies different types of healthcare knowledge and describes the significance of each.
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Level 2 Behaviors
(Light Experience)
Supports healthcare audits to gather sources for the creation of knowledge management strategies.
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Level 3 Behaviors
(Moderate Experience)
Works with various medical professionals in processing healthcare data to meet patient needs.
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Level 4 Behaviors
(Extensive Experience)
Promotes the use of knowledge management systems to improve efficiencies across healthcare service operations.
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Level 5 Behaviors
(Mastery)
Leads the development of service quality improvement plans to maximize patient satisfaction and retention.
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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)
Lists skills, traits, and characteristics of analytical thinkers.
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Level 2 Behaviors
(Light Experience)
Makes a list of items without order or set of priorities.
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Level 3 Behaviors
(Moderate Experience)
Summarizes historical experience to find probable causes of the problem.
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Level 4 Behaviors
(Extensive Experience)
Leads brainstorming to encourage teammates to create new perspectives.
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Level 5 Behaviors
(Mastery)
Promotes the adoption of business intelligence analysis technology to drive strategic decisions.
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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)
Lists the traits of an employee showing great attention to detail.
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Level 2 Behaviors
(Light Experience)
Utilizes specific approaches and tools for checking and cross-checking outputs.
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Level 3 Behaviors
(Moderate Experience)
Uses tools to organize and monitor work progress.
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Level 4 Behaviors
(Extensive Experience)
Manages training to improve staffs' concentration and attention to detail.
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Level 5 Behaviors
(Mastery)
Learns from previous works' strengths and weaknesses to guide new projects.
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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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