Title

Provider Compensation Product Analyst

Comp type and location

Hourly (1099): $60/hr, 20 hours/wk to start, with lots of potential to grow (40+)

Fully-remote

NOTE: We are unable to provide visa sponsorship for this position. Candidates must be authorized to work in the United States without sponsorship.

About The Client

The Challenge

Right now, health systems and independent physician groups spend hundreds of thousands of dollars and many man-months to calculate their physicians’ compensation.  Furthermore, their tools and processes to do so are complex and fraught with errors.  The icing on the cake is that, since some incentives are based on physicians’ productivity to some degree, and that incentive is calculated infrequently, often at the end of a fiscal year, if they underperform, they sometimes have to pay back a portion of their previous year’s compensation.

At best, physicians lose trust in the organization writing their paychecks.  At worst, these doctors look for work elsewhere.

The cost of recruiting and replacing a doctor in a hospital after they leave?  $500k - $1MM.

If these sound like problems you’d like to help solve, read on.

The Solution

Our client is a physician compensation platform company - they automate the calculation of physician compensation, and allow doctors to see how they’re doing continuously throughout the year.

Doctors can adjust their practice based on rapid feedback on their productivity, and finance teams save time and reduce the risks of comp miscalculations while engendering the trust of those providers.

The Job

We are seeking a strategic and analytically-minded Provider Compensation Product Analyst to join our team. This role is critical in bridging the gap between our clients' needs, our product capabilities, and our development processes. You will be instrumental in ensuring the accuracy of our compensation calculations, improving our internal processes, and contributing to the evolution of our product.

Key Skills and Qualifiers

• Advanced Excel ninjitsu

  • You're well beyond basic vlookups and data validation

  • You are familiar with data tables

  • You know how to break complex conditionals into more maintainable pieces

  • You can reformat a full compensation model into data elements, parameters, and calculations

  • You have experience working alongside developers to co-design and align on data models that will be maintainable and extensible standards.

  • Your workbooks usually become references

• Working understanding of common software data structures, ERDs, and butterfly diagrams

• You know how to make complex financial models easy to understand, maintainable, and usable for others

Key Responsibilities:

• Analyze and interpret new client compensation models, translating complex financial structures into actionable insights for our product team

• Perform in-depth quality assurance on compensation calculations, identifying discrepancies between client data and the platform's outputs

• Investigate issues to determine their source (client data anomalies, calculation errors, or system bugs) and propose solutions

• Collaborate with engineering teams to automate QA processes and prevent regression issues

• Identify repetitive tasks and communicate opportunities for internal tool development to improve efficiency

• Develop and maintain testing protocols for new features and updates

• Create detailed reports on findings and recommend strategic solutions

• Assist in improving our QA processes and methodologies

• Act as a liaison between client-facing teams and internal development teams

Required Qualifications:

• Bachelor's degree in Accounting, Finance, Computer Science, or related field

• 5+ years of experience in financial analysis, healthcare finance, or related roles

• Advanced Excel skills, including complex formulas and data analysis (SEE ABOVE)

• Strong analytical and problem-solving skills with the ability to think strategically

• Excellent communication skills, both written and verbal, with the ability to explain complex concepts to diverse audiences

• Demonstrated ability to handle ambiguity and adapt to changing priorities

• Experience in process improvement and optimization

Preferred Qualifications:

• Ability to explain what an RVU is, and how it relates to provider compensation

• Experience in healthcare finance or physician compensation

• Knowledge of SQL or other database query languages

• Familiarity with automated testing tools and methodologies

• Understanding of healthcare regulations related to physician compensation

• Experience in software development or product management

Key Competencies:

• Strategic Thinking: Ability to see beyond immediate tasks to long-term process improvements and automation opportunities

• Adaptability: Comfort with ambiguity and changing priorities in a fast-paced environment

• Cross-functional Collaboration: Skill in working effectively with diverse teams, including engineering, product, and client-facing roles

• Continuous Improvement Mindset: Proactively identifies inefficiencies and proposes innovative solutions

• Attention to Detail: Meticulous approach to data analysis and quality assurance

• Client-Centric Approach: Strong focus on understanding and meeting client needs

If you're passionate about solving complex problems, have a keen eye for detail, and want to contribute to improving healthcare systems while working at the intersection of finance, technology, and product development, we'd love to hear from you!

The Organization

The client is an innovative seed-stage startup that is growing fast, and we're looking for adaptable professionals who can thrive in such an environment.

You'll be collaborating with our passionate, high-performing team who are committed to rapid innovation and problem-solving. This environment means you'll need to be a quick learner, and comfortable with a certain level of ambiguity, knowing when you dive deep and figure things out, and when to ask for help. Your ability to manage your time effectively, communicate clearly, and prioritize tasks will be crucial to your success in this role. While we'll provide you with the necessary support and resources, be prepared for a steep learning curve. The complexity of our work means it may take several months to feel fully comfortable with all aspects of the role.

We value contractors who can bring fresh perspectives and are willing to dive deep into understanding our unique challenges and opportunities.

This position offers an excellent opportunity for a self-motivated professional to gain invaluable experience in the healthcare technology sector while maintaining the flexibility of contract work.