Lexington Medical Center

Senior Provider Compensation Analyst

Lexington Medical Center

full-time

Posted on:

Location Type: Office

Location: Lexington • South Carolina • United States

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Job Level

Senior

Tech Stack

SQL

About the role

  • Facilitates the analysis and development of provider-based compensation arrangements
  • Performs compensation analysis and fair market value assessments
  • Develops new physician and APP compensation plans and incentives
  • Documents FMV and commercial reasonableness
  • Provides stakeholders with reporting and analytical tools
  • Participates in designing, analyzing, and maintaining proposals for provider compensation plans, methodologies, and incentive-based pay programs
  • Analyzes the impacts of compensation model changes
  • Makes appropriate recommendations
  • Prepares moderate to advanced complexity financial and statistical analyses, graphs, and presentation material
  • Participates in working sessions with stakeholders to obtain necessary information to ensure accurate analysis of compensation models
  • Gathers appropriate market research for assessing fair market value, community need, and commercial reasonableness of provider recruitment and retention
  • Collects and applies benchmark data to analyze productivity measures and coordinates data submissions for annual benchmark surveys
  • Designs, develops, and maintains reporting tools and databases related to physician and APP productivity and compensation
  • Gathers, analyzes, and interprets data to draw conclusions and/or make recommendations that support business objectives and optimize operations

Requirements

  • Bachelor's Degree in Accounting, Health Administration, Mathematics, Finance, Statistics, Business Administration, or related field
  • 5 Years of experience as a Provider Compensation Analyst or related experience with significant work in Provider Compensation
  • Bachelor's Degree and 5 Years of Experience can be substituted for a Master's Degree in Accounting, Health Administration, Mathematics, Finance, Statistics, Business Administration, or related field with 2 Years of related experience, including at least 1 year of experience in accounting, financial analysis, or provider compensation.
  • Advanced level proficiency with MS Excel and/or experience with BI, relational databases and database querying languages such as SQL
  • Advanced proficiency in developing complex financial models
  • Knowledge of statistical techniques and computer applications (i.e. spreadsheets, word processing, and databases) used in compensation management
  • Knowledge of medical professional billing, including CPT codes, wRVU and billing systems and processes.
Benefits
  • Day ONE medical, dental and life insurance benefits
  • Health care and dependent care flexible spending accounts (FSAs)
  • Employees are eligible for enrollment into the 403(b) match plan day one. LHI matches dollar for dollar up to 6%.
  • Employer paid life insurance – equal to 1x salary
  • Employee may elect supplemental life insurance with low cost premiums up to 3x salary
  • Adoption assistance
  • LHI provides its full-time employees employer paid short-term disability and long-term disability coverage after 90 days of eligible employment
  • Tuition reimbursement
  • Student loan forgiveness
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
compensation analysisfair market value assessmentsfinancial analysisstatistical analysisfinancial modelingdata analysisbenchmarkingreporting tools developmentdatabase queryingproductivity measures analysis
Soft Skills
stakeholder engagementrecommendation makinganalytical thinkingcommunicationcollaboration