KAY ARMSTRONG
Albuquerque
Summary
Professional with robust background in directing and managing provider compensation plans, consistently driving success through strategic planning and execution. Deep expertise in developing and managing compensation programs. Utilizes market data to ensure competitive and equitable pay practices. Knowledge of compliance regulations and effective communication strategies. Valued for reliability, strategic thinking, and effective communication.
Overview
30
30
years of professional experience
Work History
Director of Provider Compensation
Presbyterian Healthcare Services
08.2010 - Current
- Led strategic initiatives to improve patient care quality and cost through quality and value based incentive plans.
- Ensure provider compensation is market-aligned, compliant, and equitable across multiple specialties.
- Analyze market data to ensure competitive salary structures and benefits offerings.
- Led annual compensation reviews, ensuring compliance with regulations and internal policies.
- Lead Provider Compensation Steering Committee which includes Finance, Human Resources, Legal, and Provider Medical Group President and Chief Operating Officer.
- Served as a key resource during mergers and acquisitions, ensuring seamless integration of acquired entities into existing compensation structures.
- Provided expert guidance to management on complex compensation issues, fostering an environment of trust between employees and leadership teams.
- Successfully manage a team of compensation analysts and consultants, providing coaching and development opportunities to build their expertise in the field.
- Partnered with Finance teams to develop annual budgets that accurately reflected projected costs associated with planned compensation changes.
Finance Manager
Presbyterian Healthcare Services
01.2009 - 07.2015
- Develop monthly and annual financial service line reports projecting the annual performance.
- Review financial results with service line assisting with action plans to reduce operational costs for the organization.
- Manage budgeting process with service line to reach strategic targets developed by senior management.
- Make recommendations on financial improvements to achieve strategic objectives developed by senior management.
- Expand the training and development of service line leaders through monthly finance office hours and lunch and learns.
- Leading the restructure of a financial toolkit to assist leaders on using the financial statements to achieve financial goals.
- Assist service line administration to interpret accounting and budgeting policies and procedures.
- Research, recommend and oversee the financial impact of new practices and procedures.
- Led financial planning and analysis initiatives to optimize budget allocations.
- Developed and implemented strategic financial models, enhancing decision-making processes.
Financial Analyst IV
Presbyterian Healthcare Services
01.2008 - 01.2009
- Worked with data manager to implement an automated physician productivity reports showing physician productivity compared to 65th percentile benchmark.
- Prepare and oversee physician productivity and compensation reports ensuring accuracy and integrity.
- Orient new and employed providers on production compensation.
- Assist administrators in development and management of annual operating budget.
Financial Analyst III
Presbyterian Healthcare Services
01.2001 - 01.2008
- Prepare compensation reports for 400+ providers using Microsoft Access and Excel
- Analyzed financial impact of moving physicians from 2003 CMS table to 2008 CMS table
- Chair of PMG Physician Compensation Committee
- Assist in development of annual operating budget.
Accountant III
Presbyterian Healthcare Services – PMG
01.1997 - 01.2001
- Prepare and analyze monthly profit and loss statements for 20+ locations.
- Analyze balance sheet accounts monthly and make necessary journal entries.
- Respond to questions from practice management including special projects requested.
- Prepare annual audit work papers for external auditors.
- Prepare and update monthly physician bonus reports using Microsoft Access and Excel.
- Update fixed assets in fixed asset system.
Controller
M.R. Tafoya Construction
01.1996 - 01.1997
- Prepare 941, Workers Compensation, W-2, and CRS reports
- Review and process Accounts Payable and Receivable.
- Prepare detailed financial reports for current projects.
- Provide operating cost data to all departments.
- Maintain general ledger.
Education
Bachelor of Accountancy -
New Mexico State University
Las Cruces, NM05.1994
Skills
- Strategic planning
- Verbal and written communication
- Decision-making
- People management
- Financial management
- Legal and regulatory compliance
- Compensation design
- Compensation benchmarking
Timeline
Director of Provider Compensation
Presbyterian Healthcare Services
08.2010 - Current
Finance Manager
Presbyterian Healthcare Services
01.2009 - 07.2015
Financial Analyst IV
Presbyterian Healthcare Services
01.2008 - 01.2009
Financial Analyst III
Presbyterian Healthcare Services
01.2001 - 01.2008
Accountant III
Presbyterian Healthcare Services – PMG
01.1997 - 01.2001
Controller
M.R. Tafoya Construction
01.1996 - 01.1997
Bachelor of Accountancy -
New Mexico State University