What are the responsibilities and job description for the Physician Compensation Analyst position at Intermountain Health?
Job Description
The Physician Compensation Analyst provides compensation support and analysis for the Director of Physician Compensation, Manager of Physician Compensation, Medical Group, market, service line, and other leaders, Provider recruiting and the Office of physician and APP professional affairs.
We are committed to offering flexible work options where approved and stated in the job posting. However, we are currently not considering candidates who reside or plan to reside in the following states: California, Connecticut, Hawaii, Illinois, New York, Rhode Island, Vermont, and Washington.
Please note that a video interview through Microsoft Teams will be required as well as potential onsite interviews and meetings
The position will collaborate with others as needed to deliver Market Survey Analysis and work with Compensation Market Data. Participates in approximately 8 salary surveys and analyzes survey data and participates in third-party salary surveys to collect and analyze information on the organization's competitive position and coordinates survey results within the database. This includes performing all necessary weighting and aging of the data, ensuring data integrity and best coverage of survey sources for our diverse provider population. At the highest level, compiles and analyzes survey data, acts as internal staff consultant to others on provider survey data and researches, analyzes and provides market data on positions as requested by management.
The position performs ad-hoc data analysis and modeling, extracts and compiles data from multiple sources, modeling projections for new compensation structure and determining financial and individual impacts of new compensation structures. Formats analysis to facilitate ease of use for customers and creates dynamic analysis to react to ever changing needs. Performs Fair Market Value (FMV) analysis of physician compensation and understands and helps ensure Intermountain’s compliance to federal Stark, Anti-Kickback, and other laws and regulations that deal with physician compensation. Performs tests on compensation using established benchmarks, prepares information and participates in annual review process for physician compensation compliance and provides analytical support to the Office of Physician and APP professional affairs.
This position is responsible for Physician contract review for compensation compliance. Works with Market and Service Line operations to ensure appropriate compensation is included in contracts and with Physician Contracting to help formulate clear compensation language. Provides support to provider payroll team and acts as a resource to physician and APP payroll teams for questions on standard compensation models. Reviews various calculations and spreadsheets for accuracy and completeness and prepares various payroll system uploads. Helps develop Compensation guidelines and performs rate structure maintenance to ensure standard compensation rate sheets are updated with the most current information. Participates in review and update process for compensation guidelines.
Participates and may lead the Annual Rate Update and Financial Plan. Utilizes market data to assist with the annual review of physician compensation rates, forecasts compensation inflation for use in Medical Group financial planning and helps prepare the annual rate update proposal. Responsible for audits and Compliance, performing audits on compensation on an as-needed basis and ensuring compensation compliance with applicable laws and regulations.
Initiates and performs special projects as needed using analytical skills and compensation expertise to assist in the development, installation and administration of compensation programs and performs other duties as assigned by the Finance Director - Physician Compensation and/or Physician Compensation Manager.
Minimum Qualifications
Location:
Key Bank Tower
Work City
Salt Lake City
Work State
Utah
Scheduled Weekly Hours
40
The hourly range for this position is listed below. Actual hourly rate dependent upon experience.
$38.55 - $59.49
We care about your well-being – mind, body, and spirit – which is why we provide our caregivers a generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness that encompasses living healthy, happy, secure, connected, and engaged.
Learn More About Our Comprehensive Benefits Package Here.
Intermountain Health is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
At Intermountain Health, we use the artificial intelligence ("AI") platform, HiredScore to improve your job application experience. HiredScore helps match your skills and experiences to the best jobs for you. While HiredScore assists in reviewing applications, all final decisions are made by Intermountain personnel to ensure fairness. We protect your privacy and follow strict data protection rules. Your information is safe and used only for recruitment. Thank you for considering a career with us and experiencing our AI-enhanced recruitment process.
All positions subject to close without notice.
The Physician Compensation Analyst provides compensation support and analysis for the Director of Physician Compensation, Manager of Physician Compensation, Medical Group, market, service line, and other leaders, Provider recruiting and the Office of physician and APP professional affairs.
We are committed to offering flexible work options where approved and stated in the job posting. However, we are currently not considering candidates who reside or plan to reside in the following states: California, Connecticut, Hawaii, Illinois, New York, Rhode Island, Vermont, and Washington.
Please note that a video interview through Microsoft Teams will be required as well as potential onsite interviews and meetings
The position will collaborate with others as needed to deliver Market Survey Analysis and work with Compensation Market Data. Participates in approximately 8 salary surveys and analyzes survey data and participates in third-party salary surveys to collect and analyze information on the organization's competitive position and coordinates survey results within the database. This includes performing all necessary weighting and aging of the data, ensuring data integrity and best coverage of survey sources for our diverse provider population. At the highest level, compiles and analyzes survey data, acts as internal staff consultant to others on provider survey data and researches, analyzes and provides market data on positions as requested by management.
The position performs ad-hoc data analysis and modeling, extracts and compiles data from multiple sources, modeling projections for new compensation structure and determining financial and individual impacts of new compensation structures. Formats analysis to facilitate ease of use for customers and creates dynamic analysis to react to ever changing needs. Performs Fair Market Value (FMV) analysis of physician compensation and understands and helps ensure Intermountain’s compliance to federal Stark, Anti-Kickback, and other laws and regulations that deal with physician compensation. Performs tests on compensation using established benchmarks, prepares information and participates in annual review process for physician compensation compliance and provides analytical support to the Office of Physician and APP professional affairs.
This position is responsible for Physician contract review for compensation compliance. Works with Market and Service Line operations to ensure appropriate compensation is included in contracts and with Physician Contracting to help formulate clear compensation language. Provides support to provider payroll team and acts as a resource to physician and APP payroll teams for questions on standard compensation models. Reviews various calculations and spreadsheets for accuracy and completeness and prepares various payroll system uploads. Helps develop Compensation guidelines and performs rate structure maintenance to ensure standard compensation rate sheets are updated with the most current information. Participates in review and update process for compensation guidelines.
Participates and may lead the Annual Rate Update and Financial Plan. Utilizes market data to assist with the annual review of physician compensation rates, forecasts compensation inflation for use in Medical Group financial planning and helps prepare the annual rate update proposal. Responsible for audits and Compliance, performing audits on compensation on an as-needed basis and ensuring compensation compliance with applicable laws and regulations.
Initiates and performs special projects as needed using analytical skills and compensation expertise to assist in the development, installation and administration of compensation programs and performs other duties as assigned by the Finance Director - Physician Compensation and/or Physician Compensation Manager.
Minimum Qualifications
- Prior experience in data manipulation, highly detailed oriented and strong organizational skills.
- Superior computer skills including working knowledge of worksheets, word processing, and data management required.
- Creativity, ingenuity, and strong problem-solving skills.
- Exceptional communication and customer service skills.
- Bachelor's degree in HR, Accounting, Analytics, or a business-related field. Education must be obtained through an accredited institution. Degree will be verified.
- Experience as a compensation analyst.
- Prior compensation experience in a health care setting.
- Understanding of health care jobs and functions.
- Experience with Incentive pay administration.
- Experience in physician compensation.
- Facilitation and presentation skills.
- Experience with SQL
Location:
Key Bank Tower
Work City
Salt Lake City
Work State
Utah
Scheduled Weekly Hours
40
The hourly range for this position is listed below. Actual hourly rate dependent upon experience.
$38.55 - $59.49
We care about your well-being – mind, body, and spirit – which is why we provide our caregivers a generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness that encompasses living healthy, happy, secure, connected, and engaged.
Learn More About Our Comprehensive Benefits Package Here.
Intermountain Health is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
At Intermountain Health, we use the artificial intelligence ("AI") platform, HiredScore to improve your job application experience. HiredScore helps match your skills and experiences to the best jobs for you. While HiredScore assists in reviewing applications, all final decisions are made by Intermountain personnel to ensure fairness. We protect your privacy and follow strict data protection rules. Your information is safe and used only for recruitment. Thank you for considering a career with us and experiencing our AI-enhanced recruitment process.
All positions subject to close without notice.
Salary : $38 - $59