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Job Summary:
The Senior Provider Compensation Analyst provides advanced compensation consulting compensation services to Operations, Finance, Human Resources, providers, and other internal stakeholders on provider compensation topics. This position is responsible for the design of specialty compensation models, provider productivity analysis and forecasting, data analysis, provider contract administration, and survey benchmarking. The Senior Provider Compensation Analyst serves as a subject matter expert on Provider Compensation Philosophy, Policy, and Standards documents, as well as Fair Market Value (FMV) and Commercial Reasonableness industry standards, providing recommendations that support competitive and legally compliant compensation practices.
Essential Duties & Responsibilities
- Conducts benchmarking and data analysis to formulate recommendations that support competitive, cost-effective, and legally compliant provider compensation programs and practices.
- Creates compensation models through collaboration with operational leaders and Legal, leveraging an understanding of practice operations to support compensation model design.
- Completes quality assurance reviews of provider compensation data and reporting to ensure accuracy and integrity.
- Partners with operational leaders to assess Commercial Reasonableness of provider compensation practices.
- Completes reconciliation processes for assigned specialties, including tracking productivity and performance incentive amounts, calculating incentive achievement, preparing and distributing quarterly provider compensation summaries. Calculates and finalizes annual incentive payment or repayment amounts based on reconciled performance results.
- Partners with contracted appraisers/consultants to provide requested data and supporting documentation for FMV assessments.
- Provide updates on provider compensation action items in recurring Service Line and Department meetings.
- Maintains and audits various databases and payroll systems for provider compensation, FTE allocations, productivity and other relevant information to ensure data accuracy and integrity.
- Serves as an administrator for physician compensation & productivity surveys.
- Serves as a subject matter expert and resource to operational leaders on provider compensation practices, models, productivity metrics, and incentive programs.
- Performs other duties as assigned.
Qualifications:
Required:
- A minimum of five years of compensation or finance, or related experience required.
- A minimum of three years of provider compensation experience required.
- Advanced Excel skills, including complex formulas, data modeling, forecasting, and data analysis techniques as well as proficiency in Microsoft Office Applications.
- Demonstrated ability to interpret provider compensation, productivity, and benchmark data to support compensation-related decision-making.
- Excellent analytical, problem solving, critical thinking and communication skills.
- Strong attention to detail and commitment to data accuracy.
Preferred:
- Bachelor’s Degree in Business, Finance, or Healthcare Administration, or a-related, field preferred.
- AAPCP Credential
- Microsoft Excel Expert Certification
MWHC will not discriminate in its employment practices due to an applicant's race, color, religion, sex, sexual orientation, gender identity, national origin, and veteran or disability status (EOE). We are also committed to equitable and transparent compensation practices and comply with all applicable pay transparency and pay equity laws.
Required
Physical Requirements: Constant (67-100% of workday) sitting and use of arms and hands; occasional (0-33% of workday) standing, walking, bending, squatting; ability to lift, push, and pull up to 10 lbs.; auditory and visual skills.
Mental Requirements: Possesses critical thinking and analytical skills. Ability to multi-task. Ability to communicate effectively and collaborate with a multi-disciplinary team.
Environmental Requirements and Exposure Hazards: Potential risk of exposure to chemicals.
“It is the policy of Mary Washington Healthcare to provide reasonable accommodations to qualified individuals with a disability who are applicants for employment or Associates.”
Compensation Pay Range:
$47.93 - $71.90Skills Required
- Minimum five years of compensation, finance, or related experience
- Minimum three years of provider compensation experience
- Advanced Microsoft Excel skills, including complex formulas, data modeling, forecasting, and data analysis
- Proficiency with Microsoft Office applications
- Ability to interpret provider compensation, productivity, and benchmark data
- Excellent analytical, problem-solving, critical-thinking, and communication skills
- Strong attention to detail and commitment to data accuracy
- Bachelor's degree in Business, Finance, Healthcare Administration, or a related field
- AAPCP credential
- Microsoft Excel Expert Certification
What We Do
Mary Washington Healthcare is a nonprofit regional health system based in Fredericksburg, Virginia. Founded as an eight-room hospital in 1899, it has grown into a system comprising two hospitals, four emergency departments, and more than 80 healthcare facilities and wellness services. Its mission is to improve the health of people in the communities it serves, delivering hospital, emergency, outpatient, and other wellness services across the region.
