Senior Provider Compensation Analyst
Lexington Medical, Inc
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, and provides stakeholders with reporting and analytical tools.
- Participates in designing, analyzing, and maintaining proposals for provider compensation plans, methodologies, and incentive-based pay programs, including written documentation of proposed plan and/or program; analyzes the impacts of compensation model changes; and 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.
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 analysisdatabase queryingCPT codeswRVUprovider compensation
Soft Skills
stakeholder engagementanalytical thinkingcommunicationproblem-solvingcollaboration