Provider Compensation Analyst

Position Purpose

The primary focus of the Provider Compensation Analyst is to oversee and manage projects related to employed provider compensation within the Health Network. This position is responsible for analysis and special project work related to compensation and retention. The incumbent will work to maintain our current physician compensation structure and to ensure that Renown Health continues to recruit clinical talent competitively.

Nature And Scope

The incumbent is responsible for maintaining a constant watch on the external marketplace to assess our position in the areas of compensation by participating in physician compensation surveys. This position is challenged with maintaining market competitive compensation practices ensuring our physician recruitment and retention objectives are achieved.

This position is responsible for assessing internal and external equity, identify trends and formulate action plan to maintain integrity of compensation structure through benchmarking and other standard compensation practices. Manipulation of highly detailed and confidential statistical information in an automated manner is required.

The incumbent will work directly with the CFO/Finance Director and Finance Manager – Medical Group, the assigned physician leadership, and the Human Resources and Provider Recruiting department to ensure fair and consistent compensation practices are followed and administered.

The Incumbent Will Be Able To

• Must be able to coordinate, implement and interpret compensation guidelines, processes and practices in a fast-paced and dynamic environment.
• Create processes and structures to support proactive analysis of provider compensation (income plotting, benchmarking to surveys, etc.).
• Manage the development of resources to capture best practices and foster collaboration and alignment of compensation methodologies across the organization.
• Support various projects related to the design and implementation of value-based compensation models (population health, global payments, etc.).
• Must be able to communicate complex concepts, findings and analyses to internal customers in a useful and understandable format.
• Must be intermediate to expert in Microsoft Excel.
• Must be proficient in SQL and Crystal report.
• Must have experience with database management and structure.
• Must having a thorough knowledge of Provider Compensation methodologies and models required.
• In depth knowledge of regulations related to physician compensation (Stark, IRS Anti-kickback, etc).
• Be able to design and maintain an appropriate control environment of the compensation process.
  
  

This position does not provide direct patient care.

The foregoing description is not intended and should not be construed to be an exhaustive list of all responsibilities, skills and efforts or work conditions associated with the job. It is intended to be an accurate reflection of the general nature and level of the job.

Minimum Qualifications: Requirements - Required and/or Preferred

Education

Must have college-level knowledge of the English language, including reading, writing and speaking English. Requires a bachelor's degree in business or closely related field. Proven experience may be substituted in place of a degree. Master's degree in Business, HR or related field strongly preferred.

Experience

Minimum five years of experience in Human Resources, Finance, Medical Group Operations or related position focusing on Physician compensation analysis required.

License(s)

Experience with compensation models in an ACO environment preferred.

None.

Certification(s)

HFMA, MGMA, CEBS and/or SPHR certification strongly preferred.

Computer / Typing

Must be proficient with Microsoft Office Suite, including Outlook, PowerPoint, Excel and Word and have excellent computer skills.