Job Title: Physician Compensation Analyst | Physician Compensation | Multi-City
Department : Physician Compensation
Job Schedule: Full Time
Hours Per Shift: 8 hr
Responsible for the coordination, documentation, communication and analysis of provider productivity, compensation and benefits as well as the implementation of associated plan. Performs quantitative and qualitative analysis of healthcare and financial data to support program management within the physician and advanced practice provider compensation department.
Responsible for appropriate planning, communication, reporting and implementation of changes that pertain to physician incentives and additional pay programs, pricing and compensation methodologies. Responsible for the coordination, documentation, communication and analysis of provider productivity, compensation and benefits. Summarize provider revenues and work relative value units (WRVUs). Gather data for payroll processing and benefit day tracking.
Describes the concepts behind compensation analysis and implications of data. Assist in the overall preparation and design of monthly compensation process, budget, and survey and market analysis through data gathering, entry and validation. Assists with financial reporting for physicians, advanced practice providers, as well as executive leadership.
Works with appropriate personnel to ensure accurate presentation of financial data. Prepares statistical reports. Accommodates appropriate requests for financial data.
Maintains financial records and documentation. Duties will also include reviewing and validation of time cards, payroll documentation, and obtaining and maintaining required approvals as appropriate. Maintain applicable tracking systems on productivity for providers, as well as troubleshoot and modify any compensation plans as needed, ensuring all components are accurate and appropriate.
Documents government regulations and internal policies related to compensation. Demonstrates strong knowledge of mathematical concepts and ability to apply these appropriately to business transactions, planning, and packaging of compensation and benefits. Knowledge of and ability to apply appropriate processes, tools, and techniques for assuring a high level of quality in computer software products and systems associated with compensation programs related to physicians, advanced practice providers, and executive leadership within designated markets. Excel at demonstrating written and oral communication skills at a professional level with the ability to adjust communication techniques and delivery based on audience and understanding, without hesitation.
Applies available tools and resources to work efficiently. Assesses common problems and associated approaches to resolution.
Assists in developing various compensation programs within an organization. Assures accuracy using basic validation and cross-checking techniques. Conducts job analysis and salary survey activities within the department.
Delivers written and oral communication, responds to questions and concerns, and produce specific outcomes and impact. Determines if compensation management objectives are in line with overall business objectives. Follows-up with customers to answer questions and ensure satisfaction.
Maintains a sense of urgency and a positive attitude. Presents a professional image, especially when dealing with customers.
Bachelors degree required. Prefer in an accounting, finance, or a healthcare administration field.
Will consider accepting, if no Bachelors degree, at least six years equivalent work experience. Basic understanding of accounting principles and standards required.
About Sanford Health:
At Sanford Health, we are dedicated to the work of health and healing.
Every day, we show that commitment by delivering the highest quality of care to the communities we serve.
We are leaders in health care and strive to provide patients across the region with convenient access to expert medical care, leading-edge technologies and world-class facilities.
In addition to strong clinical care, we are also committed to research, education and community growth.
We engage in medical research to not only discover innovative ways to provide care, but also cures for common diseases.
We continuously seek new ways to achieve our vision of improving the human condition here in your community,
across the region and around the world.
The entire team at Sanford Health recognizes the value of healthy families and communities.
We continue to gain momentum and expand our reach. Together, we can make a positive difference now, and in the future.
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Job Function: Financial Services
Job Schedule: Full Time
Req Number: req24356