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
Tech Stack
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
compensation analysisfair market value assessmentsfinancial analysisstatistical analysisfinancial modelingdata analysisbenchmarkingreporting tools developmentdatabase queryingproductivity measures analysis
Soft skills
stakeholder engagementrecommendation makinganalytical thinkingcommunicationcollaboration