What are the responsibilities and job description for the Senior Financial Analyst Provider Compensation position at Akron Children's?
Full-time, 40 Hours/Week
Monday - Friday, 8am - 5pm
Hybrid (Onsite 2-3 Days/Week)
Summary
Provides financial support for provider (Physician and Advanced Practice Providers) contracting, policy development, implementation and continuous improvement of physician and APP contracting and compensation plans. Strives to meet Department goals through internal and external collaboration, with active participation on appropriate committees. Collaborates with department directors, managers, staff, medical staff, and administrative team members.
Responsibilities
Technical Expertise
FTE: 1.000000
Monday - Friday, 8am - 5pm
Hybrid (Onsite 2-3 Days/Week)
Summary
Provides financial support for provider (Physician and Advanced Practice Providers) contracting, policy development, implementation and continuous improvement of physician and APP contracting and compensation plans. Strives to meet Department goals through internal and external collaboration, with active participation on appropriate committees. Collaborates with department directors, managers, staff, medical staff, and administrative team members.
Responsibilities
- Monitors and administers provider compensation programs to best align with organization and health care reimbursement models.
- Understand Compensation and Productivity Benchmark Reporting and provide appropriate reports to management.
- Responsible for tracking and reporting the productivity of physicians/providers.
- Participate in reviews to ensure all compensation and bonus programs are market competitive through use of analysis and benchmarking and complies with regulatory requirements.
- Monitor changes in federal and state law related to wRVUs and productivity and the impact to the organization.
- Provides support in facilitating and assisting managers in the preparation of the annual operating and capital budgets with regards to provider compensation.
- Ensure compliance with financial policies and procedures.
- Other duties as required.
Technical Expertise
- Proficiency in MS Office [Outlook, Excel, Word] or similar software is required.
- Proven ability in financial analysis and accounting methodologies is required.
- Strong knowledge of the healthcare revenue cycle is required.
- Experience with Physician Practices preferred.
- Education: Bachelor's degree in business or related field required
- Licensure: None
- Certification: None
- Years of relevant experience: Minimum of 5 years with a Masters degree or 8 years of relevant financial analysis.
- Years of supervisory experience: None.
FTE: 1.000000
