Physician Compensation Analyst

Job Summary

Compensation Analyst will support Provider contracting, compensation modeling/design, compensation compliance, Fair-Market-Value (FMV) support, provider benchmarking, employed provider contract terms negotiation, renewal and amendment analysis, and acquisition support.

Essential Functions

• Provider FMVs (Employed, 1099 Contracted, On Call) – ensures FMVs are accurate and requested terms are supported by FMV.  Makes recommendations based on FMV outcomes.  Interacts with FMV vendor and maintain project status log.  
• New, renewal, and amendment analysis- Provides analysis for provider contract based on current reports and provides recommendation based on the analysis, using FMV and Survey data.
• Collaborates with Hospital based team to provide FMV Support for Hospital Medicine, Emergency room, and Anesthesia position.   Work with Fair-market-valuation vendor to support requested employment or contracted (1099) terms.
• Communicate with facilities on compensation model recommendation.  May need to hold conference calls to explain preferred compensation models.
• Validation of Need (VON) analysis – Based on the requested need, compensation analyst will provide analysis of requested position based on current employed providers and makes recommendation when needed.
• Provides Service Now (SNOW) support – Ensures the correct documentation is uploaded to support requested terms.  Checks accuracy of uploaded documents.
• Acquisition support as needed.  Analyzes data supplied by potential acquisition and makes recommendations based on the analyzed data.

Qualifications

• Bachelor’s degree (B.A. or B.S.) required; Bachelor’s degree in Accounting or Finance preferred.
• Previous financial analysis experience required; Two (2) to five (5) years of experience of performing relevant financial analyses in healthcare setting with multi-site/service line reporting support preferred.
• Knowledge of CMS, Provider Survey Data i.e. MGMA, and practice operations preferred.
• High level of knowledge of and experience with software used for spreadsheets, word processing, and databases. High level of understanding of MS Excel or Google Sheets, particularly with use of pivot tables and graphics. Knowledge of Google, and Smartview is plus.