Manager, Provider Compensation & Business Analytics

Beth Israel Lahey Health; Boston (MA); On-site; USD 120,000 - 140,000; Full time

Job summary

Beth Israel Lahey Health seeks a Manager, Provider Compensation to oversee all aspects of the Medical Group's compensation programs. You will interact with providers and leaders, drive best practices, and stay informed on local and national market trends, ensuring alignment with organizational goals.

The role requires 5+ years in leadership within hospital systems or physician practices, with experience in compensation plans and data analytics.

Qualifications

• 5+ years' leadership experience in hospital, health system or physician practice.
• Experience with provider compensation plans.
• Physician practice operations background.

Responsibilities

• Manage all aspects of provider compensation, including budgeting and forecasting.
• Provide market and internal compensation data to leaders; partner with recruiting.
• Support Senior Leadership with data/analysis for Primary and Specialty Care.
• Manage provider productivity analytics and benchmarking.
• Develop and track FTE changes.
• Produce monthly productivity reports for management.
• Ensure alignment between compensation plan and strategic goals.
• Support base salary review and adjustment processes.
• Serve as primary contact for Senior Leaders on compensation programs.
• Staff and manage agenda for the Management Provider Compensation Committee.
• Develop staff and oversee provider compensation analytics.
• Manage payments of leadership allocations and other variable compensation.
• Develop guidelines for offsite provider payments or FMV for services to other entities.

Skills

Communication

Analytical skills

Financial acumen

Healthcare reimbursement

Education

Bachelor'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 Manager, Provider Compensation is responsible for all aspects (communications, reporting, education to participants, etc.) of Beth Israel Lahey Health (BILH) Medical Group's provider compensation programs. The Manager will interact directly with providers and administrative leaders on a regular basis and be the primary point of contact for Medical Group providers on compensation issues. The Manager will advance best practices and have a keen understanding of market trends, both locally and nationally.

Job Description:

1. Manage all aspects of provider compensation, including but not limited to: budgeting, forecasting, communication of plan changes, benchmarking, and support for Senior Leadership on related issues.
2. Lead the effort to provide market and internal compensation comparison data to medical and administrative leaders; partner closely with provider recruiting team.
3. Support Senior Leadership in Primary and Specialty Care with additional data / analysis, as needed.
4. Manage provider productivity analytics and benchmarking.
5. Develop and manage process to track FTE changes.
6. Produce monthly productivity report for management.
7. Ensure alignment between BILH MG's provider compensation plan and strategic goals.
8. Support regular base salary review and adjustment process.
9. Primary contact for Senior Leaders and Service Line leaders on compensation program.
10. Staff and manage agenda for Management Provider Compensation Committee.
11. Develop staff and manage team through all provider compensation analytics.
12. Manage payments of leadership allocations and other variable compensation.
13. Develop guidelines and formulas for offsite provider payments or FMV related to provision of provider services to other entities.
14. Be a resource to Human Resources colleagues as it relates to their management of advanced practitioner compensation plans.

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
• Licensure, Certification & Registration: N/A
• Experience: 5+ years' leadership experience in a hospital, health system or physician practice with exposure to provider compensation plans. Physician practice operations 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:

$120,000.00 USD - $140,000.00 USD

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