Senior Provider Comp Analyst (Onsite, not remote)

Lexington Health; Columbia (SC); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, dental and life insurance benefits

Health care and dependent care FSAs

403(b) match plan

Short-term and long-term disability coverage

Tuition reimbursement

Student loan forgiveness

Job summary

A leading healthcare network in Columbia, South Carolina, is seeking a Provider Compensation Analyst to facilitate the analysis and development of provider compensation arrangements. The ideal candidate will have at least 5 years of experience in provider compensation and a Bachelor's degree in a relevant field. Responsibilities include compensation analysis, developing physician and APP compensation plans, and providing stakeholders with analytical tools. A commitment to maintaining high standards in compensation practices is crucial.

Qualifications

• 5 years of experience as a Provider Compensation Analyst.
• Ability to develop complex financial models and conduct fair market value assessments.
• Proficient in using relational databases for compensation management.

Responsibilities

• Facilitate analysis and development of provider-based compensation arrangements.
• Prepare advanced financial analyses and presentation material.
• Collect market research for assessing fair market value.

Skills

Advanced proficiency in MS Excel

Financial modeling

Knowledge of medical professional billing

Statistical techniques

Education

Bachelor's Degree in relevant field

Tools

SQL

BI tools

Job description

Overview

Provider Compensation

Full Time

Day Shift

8a-5p

Lexington Health is a comprehensive network of care that includes six community medical and urgent care centers, nearly 80 physician practices, more than 9,000 health care professionals and Lexington Medical Center, a 607-bed teaching hospital in West Columbia, South Carolina. It was selected by Modern Healthcare as one of the Best Places to Work in Healthcare and was first in the state to achieve Magnet with Distinction status for excellence in nursing care. Consistently ranked as best in the Columbia Metro area by U.S. News & World Report, Lexington Health delivers more than 4,000 babies each year, performs more than 34,000 surgeries annually and is the region's third largest employer. Lexington Health also includes an accredited Cancer Center of Excellence, the state’s first HeartCARE Center, the largest skilled nursing facility in the Carolinas, and an Alzheimer’s care center. Its postgraduate medical education programs include family medicine and transitional year residencies, as well as an informatics fellowship.

Job Summary

Under the general direction of the Manager of Provider Compensation, 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. Has working knowledge of all provider compensation models and arrangements. Senior Analysts will also provide support to other teammates within Physician Network Administration and the Provider Compensation Analyst Team.

Minimum Qualifications

Minimum Education: Bachelor's Degree in Accounting, Health Administration, Mathematics, Finance, Statistics, Business Administration, or related field

Minimum Years of Experience: 5 Years of experience as a Provider Compensation Analyst or related experience with significant work in Provider Compensation

Substitutable Education & Experience: 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.

Required Certifications/Licensure: None.

Required Training: 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.

Essential Functions

• 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. Senior Provider Comp Analyst
• 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.

Duties & Responsibilities

• 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.
• Stays cognizant of current challenges and trends in provider compensation and anticipates how these changes impact past, current, and future operations.
• Maintains customer focus in approaching assessments and exemplifies service expectations of department.
• Provides training, orientation, mentorship, and/or project leadership to other provider compensation team members as requested.
• Performs all other duties as assigned.

We are committed to offering quality, cost-effective benefits choices for our employees and their families:

• 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

Equal Opportunity Employer

It is the policy of Lexington Health to provide equal opportunity of employment for all individuals, and to remain compliant with applicable state and federal laws and regulations. Lexington Health strives to provide a discrimination-free environment, and to recruit, select, on-board, and employ all employees without regard to race, color, religion, sex, age, disability, national origin, veteran status, or pregnancy, childbirth, or related medical conditions, including but not limited to, lactation. Lexington Health endeavors to upgrade and promote employees from within the hospital where possible and consistent with the employee’s desires and abilities and the hospital’s needs.

Nearest Major Market: Columbia

Nearest Secondary Market: South Carolina