Director, Provider Compensation & Business Analytics

Beth Israel Lahey Health; Boston (MA); On-site; USD 150,000 - 185,000; Full time

Job summary

Beth Israel Lahey Health in Boston is seeking a Director of Provider Compensation & Business Analytics to lead the development, oversight, and administration of the Medical Group’s provider compensation program. You will partner with senior leadership to budget, forecast, analyze market trends, design systems and reports, and deliver data-driven insights to shape compensation and productivity.

Qualifications include a bachelor’s degree (master’s preferred) and 8+ years of leadership in hospital

Qualifications

• Strong communication and analytical skills are required.
• Experience with provider compensation or healthcare finance is preferred.
• Proficiency in data analysis, benchmarking, and reporting.

Responsibilities

• Collaborate with senior leadership on the development, design, and implementation of provider compensation plans across the Medical Group enterprise.
• Manage budgeting, forecasting, communication of plan changes, benchmarking, and support for senior leadership on related issues.
• Design and oversee systems, processes, and tools, including databases and reports, that support the provider compensation program.
• Provide market data comparisons to medical and administrative leaders; oversee provider productivity analyses and benchmarking.
• Develop and prepare regular reports for key stakeholders, including senior leadership and providers.
• Support senior leadership with additional data and analysis as needed.
• Ensure alignment between provider compensation plan and strategic goals.
• Manage agenda for and contribute to the Provider Compensation Committee.
• Develop staff and manage Provider Compensation & Analytics team.
• Oversee administration of compensation plans, including leadership allocations and variable compensation.

Skills

Communication skills

Analytical thinking

Healthcare reimbursement knowledge

Financial planning & analysis

Education

Bachelor's degree

Master's degree

Job description

When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.

The Director of Provider Compensation & Business Analytics is responsible for the development, oversight, and administration of the BILH Medical Group’s provider compensation program. The Director works with senior leadership to develop, implement, and administer compensation programs; oversees and prepares data and analytics related to compensation and productivity; and participates in key financial planning & analysis activities related to provider practices, including budgeting, forecasting, and business plan development. BILH Medical Group is a provider organization that includes over 1,300 physicians and advanced practice providers spanning primary care and over 30 specialties. This position reports to the COO of BILHMG and works closely with the Medical Group’s Financial Planning & Analysis team.

Job Description

Essential Duties & Responsibilities including but not limited to:

• Collaborate with Senior Leadership on the development, design, and implementation of provider compensation plans across the Medical Group enterprise. Support decision-making through analysis, benchmarking, and understanding of market trends.
• Manage all aspects of the provider compensation program, including but not limited to: budgeting, forecasting, communication of plan changes, benchmarking, and support for Senior Leadership on related issues.
• Design and oversee systems, processes, and tools, including databases and reports, that support the provider compensation program.
• Provide market and internal compensation and productivity comparison data to medical and administrative leaders. Oversee provider productivity analyses and benchmarking. Develop and prepare regular reports for key stakeholders, including senior leadership and providers.
• Support Senior Leadership with additional data and analysis as needed.
• Ensure alignment between BILH MG’s provider compensation plan and strategic goals.
• Manage agenda for and actively contribute to the Provider Compensation Committee.
• Develop staff and manage Provider Compensation & Analytics team.
• Oversee administration of compensation plans, including management of payments of leadership allocations and other variable compensation.

Organizational Requirements

Maintain strict adherence to the Beth Israel Lahey Health Confidentiality policy. Incorporate Beth Israel Lahey Health Standards of Behavior and Guiding Principles into daily activities. Comply with all Corporate Health Policies. Comply with behavioral expectations of the department and Beth Israel Lahey Health. Maintain courteous and effective interactions with colleagues and patients. Demonstrate an understanding of the job description, performance expectations, and competency assessment. Demonstrate a commitment toward meeting and exceeding the needs of our customers and consistently adheres to Customer Service standards. Participate in departmental and/or interdepartmental quality improvement activities.

Participate in and successfully completes Mandatory Education. Perform all other duties as needed or directed to meet the needs of the department.

Minimum Qualifications

Education: Bachelor’s degree required, Master’s preferred

Licensure, Certification & Registration

Experience: 8+ years’ leadership experience in a hospital, health system, consulting or physician practice with experience working with provider compensation plans. Physician practice operations or finance background.

Skills, Knowledge & Abilities:

Good computer and excellent communication skills are a must. A general understanding of healthcare reimbursement and physician compensation are important as well. Well developed business and financial skills/acumen along with strong analytical orientation.

Pay Range

$150,000.00 USD - $185,000.00 USD

The pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time. Actual compensation is determined based on several factors, that may include seniority, education, training, relevant experience, relevant certifications, geography of work location, job responsibilities, or other applicable factors permissible by law.

As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) as a condition of employment.

More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.

Equal Opportunity Employer/Veterans/Disabled