Senior Provider Comp Analyst

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

Benefits offered by this job

Day ONE medical, dental, and life insurance benefits

403(b) match plan on day one

Employer paid life and disability insurance

Adoption assistance

Student loan forgiveness

Job summary

Lexington Health is seeking a Provider Compensation Analyst to facilitate compensation analysis and develop new compensation plans. Candidates should have at least 5 years of relevant experience and a Bachelor's degree in a related field. Key responsibilities include financial analysis, market research, and stakeholder collaboration. Benefits include medical coverage from day one, adoption assistance, and student loan forgiveness, supporting a holistic work-life balance.

Qualifications

• 5 Years of experience as a Provider Compensation Analyst or related role.
• Ability to develop complex financial models.
• Experience in conducting compensation model analyses.

Responsibilities

• Designs and develops compensation plans and methodologies.
• Prepares complex financial and statistical analyses.
• Conducts market research for fair market value assessments.
• Maintains tools and databases for productivity and compensation.

Skills

Advanced level proficiency with MS Excel

Experience with BI and database querying languages like SQL

Knowledge of statistical techniques

Familiarity with medical professional billing and CPT codes

Education

Bachelor's Degree in Accounting or related field

Master’s Degree in related field (substitutable)

Job description

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 (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.
• 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.

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
• 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.