As of December 01, 2024, the average annual pay of Health Value Analyst in Lakewood, OH is $86,125. While Salary.com is seeing that Health Value Analyst salary in Lakewood, OH can go up to $133,572 or down to $43,439, but most earn between $63,344 and $110,960. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Health Value Analyst in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $112,994 | $9,416 | $2,173 | $54 |
| Average | $87,704 | $7,309 | $1,687 | $42 |
| 25th Percentile | $64,505 | $5,375 | $1,240 | $31 |
An entry-level Health Value Analyst with under 1 year experience makes about $78,322. With less than 2 years of experience, a mid-level Health Value Analyst makes around $78,999. After 2-4 years, the Health Value Analyst pay rises to about $81,707. Those senior Health Value Analyst with 5-8 years of experience earn roughly $93,154, and those Health Value Analyst having 8 years or more experience are expected to earn about $98,691 on average.
| Levels | Salary |
|---|---|
| Entry Level Health Value Analyst | $78,322 |
| Intermediate Level Health Value Analyst | $78,999 |
| Senior Level Health Value Analyst | $81,707 |
| Specialist Level Health Value Analyst | $93,154 |
| Expert Level Health Value Analyst | $98,691 |
| Entry Level | 11% |
| Mid Level | 10% |
| Senior Level | 7% |
| Top Level | 6% |
| Experienced | 13% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
Data Gathering: Data collection is the process of gathering and measuring information on targeted variables in an established system, which then enables one to answer relevant questions and evaluate outcomes.
| Skill | Salary | Demand |
|---|---|---|
|
Strategic Sourcing
|
$109,379 |
27%
|
|
Cost Benefit Analysis
|
$105,073 |
22%
|
|
Effective Communication
|
$103,350 |
20%
|
|
Process Analysis
|
$102,489 |
19%
|
|
Acute Care
|
$102,489 |
19%
|
|
Materials Management
|
$98,183 |
14%
|
