Shape impactful physician compensation strategies at a leading healthcare organization. Drive operational efficiency through innovative data-driven solutions. Collaborate with leadership to design transformative compensation models.
Physician Compensation Manager
in Professional Services PermanentJob Detail
Job Description
Overview
- Oversee physician compensation plans, ensuring alignment with organizational objectives and compliance with regulations.
- Develop and implement innovative compensation models for physicians and advanced providers.
- Analyze market trends and provide actionable insights to optimize compensation strategies.
- Collaborate with leadership to design and administer effective compensation programs.
- Maintain detailed records and databases to support compensation activities and audits.
- Drive process improvements to enhance efficiency and accuracy in compensation management.
- Prepare comprehensive reports and documentation to support decision-making and compliance.
- Provide expertise on compensation-related policies and regulatory requirements.
Key Responsibilities & Duties
- Conduct market studies to evaluate physician and provider compensation trends.
- Develop and maintain systems ensuring data integrity and support for compensation plans.
- Prepare and adjust physician compensation scorecards based on productivity metrics.
- Collaborate with departments to ensure accurate physician payments and perform audits.
- Research external factors impacting compensation and recommend strategic adjustments.
- Translate complex financial data into actionable insights for stakeholders.
- Support meetings and provide expertise on compensation-related topics.
- Streamline reporting and budgeting processes to enhance operational efficiency.
Job Requirements
- Bachelor's degree in business, healthcare, or a related field is required.
- Minimum of 7 years of experience in analytics and compensation management.
- Proficiency in Microsoft Office Suite, including Word, Excel, and PowerPoint.
- Strong analytical skills and expertise in project management.
- Experience with complex databases and financial reporting systems.
- Excellent verbal and written communication skills.
- Knowledge of federal and state regulations related to compensation policies.
- Proven ability to collaborate effectively across cross-functional teams.
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