About this Director, Provider Compensation & Business Analytics role at Beth Israel Lahey Health
When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.
The Director of Provider Compensation & Business Analytics is responsible for the development, oversight, and administration of the BILH Medical Group’s provider compensation program. The Director works with senior leadership to develop, implement, and administer compensation programs; oversees and prepares data and analytics related to compensation and productivity; and participates in key financial planning & analysis activities related to provider practices, including budgeting, forecasting, and business plan development. BILH Medical Group is a provider organization that includes over 1,300 physicians and advanced practice providers spanning primary care and over 30 specialties. This position reports to the COO of BILHMG and works closely with the Medical Group’s Financial Planning & Analysis team.Job Description:
Essential Duties & Responsibilities including but not limited to:
1 Collaborate with Senior Leadership on the development, design, and implementation of provider compensation plans across the Medical Group enterprise. Support decision-making through analysis, benchmarking, and understanding of market trends. 2 Manage all aspects of the provider compensation program, including but not limited to: budgeting, forecasting, communication of plan changes, benchmarking, and support for Senior Leadership on related issues. 3 Design and oversee systems, processes, and tools, including databases and reports, that support the provider compensation program. 4 Provide market and internal compensation and productivity comparison data to medical and administrative leaders. Oversee provider productivity analyses and benchmarking. Develop and prepare regular reports for key stakeholders, including senior leadership and providers. 5 Support Senior Leadership with additional data and analysis as needed. 6 Ensure alignment between BILH MG’s provider compensation plan and strategic goals. 7 Manage agenda for and actively contribute to the Provider Compensation Committee. 8 Develop staff and manage Provider Compensation & Analytics team. 9 Oversee administration of compensation plans, including management of payments of leadership allocations and other variable compensation.
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 required, Master’s preferred
Licensure, Certification & Registration:
Experience: 8+ years’ leadership experience in a hospital, health system, consulting or physician practice with experience working with provider compensation plans. Physician practice operations or finance 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:
$159,000.00 USD - $200,000.00 USDThe pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time. Actual compensation is determined based on several factors, that may include seniority, education, training, relevant experience, relevant certifications, geography of work location, job responsibilities, or other applicable factors permissible by law.