Healthcare Provider Compensation Analyst

Luminis Health; Annapolis (MD); On-site; USD 72,000 - 124,000; Full time

Job summary

A leading healthcare organization is seeking a Provider Compensation Analyst to conduct complex analyses related to physician compensation and productivity. The role involves collaborating with various stakeholders, conducting recommendations, and ensuring compliance with Fair Market Guidelines, offering a competitive salary range from $72,000 to $124,000 per year.

Benefits

Medical, Dental, and Vision Insurance

Retirement Plan with employer match

Paid Time Off

Tuition Assistance Benefits

Employee Referral Bonus Program

Paid Holidays, Disability, and Life/AD&D for full-time employees

Wellness Programs

Employee Assistance Programs

Qualifications

• Minimum of five (5) years of work experience in compensation analysis.
• Effective oral and written communication skills required.
• High level of discretion and strong analytical skills.

Responsibilities

• Conduct comprehensive analysis related to physician compensation and provider productivity.
• Provide recommendations on physician compensation and incentives.
• Co-lead the Physician Compensation Committee.

Skills

Analytical Skills

Communication Skills

Collaboration

Discretion

Education

Bachelor's Degree in Finance, Accounting or Economics

Job description

Luminis Health

Title: Provider Compensation Analyst

Department: Luminis Health Service Line Management

Reports To: Chief Operating Officer LHCE

Job Code/Cost Center: 10000-50137-003008

FLSA Status: Exempt

Position Objective:

The position is responsible for conducting comprehensive and complex analysis related to physician compensation and provider productivity.

Essential Job Duties:

1. Effectively communicates and acts as a champion for collaboration
2. Provides recommendations on physician compensation and incentive; with an eye for increasing consistency, reducing risk, and minimizing process complexity
3. Co-Leads the Physician Compensation Committee (PCC) providing recommendations and further insight to support the Committees decision-making process
4. Remains informed on trends in physician compensation with sources such as American Medical Group Association (AMGA), Medical Group Management Association (MGMA), Sullivan Cotter, as well as the trends regionally and with other large medical groups
5. Provides training and guidance on Fair Market Valuation process and confirms that on all Physician Compensation Models are in compliance with Fair Market Guidelines
6. Interprets, analyzes and implements compensation arrangement outlined in Physician Employment Agreements and Professional Services Agreements.
7. Conducts comprehensive and complex analysis related to physician compensation and provider productivity.
8. Manages quarterly compensation reconciliation summaries for physicians and Advanced Practice Providers (APPs).
9. Collaborates closely with external appraisers / consultants on the data gathering and analysis for Fair Market Value (FMV) and Commercial Reasonableness (CR) reviews.
10. Assists with the development of the annual budget.
11. Adheres to all Luminis Health policies, procedures, and standards within budgetary specifications including time management, supply management, productivity and quality of service.
12. Promotes individual professional growth and development by meeting requirements for mandatory/continuing education and skills competency; supports department-based goals which contribute to the success of the organization; serves as preceptor, mentor and resource to less experienced staff.
13. Other duties as assigned.

Educational/Experience Requirements:

• Bachelors Degree in Finance, Accounting or Economics; or equivalent training.
• Minimum of five (5) years of work experience in compensation analysis.
• Effective oral and written communication skills.
• High level of discretion and strong analytical skills required

Working Conditions, Equipment, Physical Demands:

There is a reasonable expectation that employees in this position will not be exposed to blood-borne pathogens.
Physical Demands -
Light work.Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.

The physical demands and work environment that have been described are representative of those an employee encounters while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions in accordance with the Americans with Disabilities Act.
The above job description is an overview of the functions and requirements for this position. This document is not intended to be an exhaustive list encompassing every duty and requirement of this position; your supervisor may assign other duties as deemed necessary.

Pay Range

$72,000—$124,000 USD

Luminis Health Benefits Overview:
• Medical, Dental, and Vision Insurance
• Retirement Plan (with employer match for employees who work more than 1000 hours in a calendar year)
• Paid Time Off
• Tuition Assistance Benefits
• Employee Referral Bonus Program
• Paid Holidays, Disability, and Life/AD&D for full-time employees
• Wellness Programs
• Employee Assistance Programs and more
*Benefit offerings based on employment status

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