Physician Compensation Manager

Overview

• Drive strategic physician compensation initiatives to align with organizational goals and industry standards.
• Collaborate with leadership to design innovative models that attract and retain top medical talent.
• Analyze healthcare market trends to optimize compensation strategies and ensure competitiveness.
• Ensure compliance with regulatory standards in all compensation-related activities and processes.
• Develop and maintain comprehensive records to support audits and strategic decision-making.
• Lead continuous improvement initiatives to enhance efficiency and accuracy in compensation management.
• Prepare detailed reports and presentations to guide leadership in informed decision-making.
• Provide expert guidance on compensation policies and regulatory requirements to stakeholders.

Key Responsibilities & Duties

• Conduct market studies to evaluate trends in physician and provider compensation.
• Develop systems ensuring data integrity and support for compensation plans.
• Prepare and adjust physician compensation scorecards based on productivity metrics and goals.
• 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 leadership and stakeholders.
• Support executive meetings by providing expertise on compensation-related strategies.
• 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 methodologies.
• Experience with complex databases and financial reporting systems.
• Excellent verbal and written communication skills for effective collaboration.
• Knowledge of federal and state regulations related to compensation policies.
• Proven ability to collaborate effectively across cross-functional teams and departments.