Physician Compensation Manager

Overview

• Manage physician compensation plans, ensuring consistent application of policies across the organization.
• Develop, implement, and administer compensation models for physicians and advanced providers.
• Analyze and report data to support compensation plans and organizational goals.
• Collaborate with leadership to interpret and administer compensation programs.
• Ensure compliance with federal and state regulations related to compensation policies.
• Maintain complex databases and detailed records of compensation activities.
• Provide insights on market trends and pay strategies impacting provider compensation.
• Support process improvement initiatives and recommend changes to enhance efficiency.
• Prepare reports and documentation to support compensation plans and audits.

Key Responsibilities & Duties

• Lead market studies for physician and provider compensation, including data analysis and salary recommendations.
• Develop and maintain systems supporting compensation plans, ensuring data integrity.
• Provide guidance on job design, organizational structure, and qualifications.
• Prepare physician compensation scorecards and adjustments based on productivity data.
• Collaborate with departments to ensure accurate physician payments and perform audits.
• Research external factors impacting physician compensation and recommend strategies.
• Translate technical financial terminology for various audiences within the organization.
• Support compensation-related meetings and provide information to stakeholders.
• Develop streamlined processes for reporting and budgeting activities.

Job Requirements

• Bachelor's degree in business, healthcare, or related field required.
• Minimum of 7 years of experience in analytics and compensation management.
• Proficiency in Microsoft Office, including Word, Excel, and PowerPoint.
• Strong analytical and project management skills, with high discretion.
• Experience with complex databases and financial reporting systems.
• Excellent verbal and written communication skills.
• Ability to define problems, collect data, and draw actionable conclusions.
• Knowledge of federal and state regulations related to compensation policies.
• Proven ability to collaborate with cross-functional teams effectively.