Contract Analyst

About the role

The Analyst, Physician Contracting and Compensation supports the Vice President in the design and administration of physician contracts and compensation. This role collaborates with multiple stakeholders including Senior Leadership, Department Leadership, Finance, Legal, Human Resources, and Strategy.

Responsibilities

• Support the Vice President in the central coordination of contracting activities among department leadership, physician enterprise leadership and other key stakeholders.
• Provide analytical support in all areas of Physician Compensation and Contracting, including, but not limited to:
• Track expiration dates for existing contracts
• Track each contract as it moves through the contract approval process; from the initial request to the execution of the agreement(s)
• Design and propose compensation terms at the time of renewal and for new hire physicians
• Evaluate fair market value analyses
• Conduct fair market value analyses
• Evaluate programmatic compensation models
• Create ad-hoc reports related to physician compensation for senior leadership
• Support the Vice President in the evaluation of external partnerships
• Collaborate with Finance on business planning by providing compensation assumptions
• Support the Vice President in the design and implementation of comprehensive physician compensation models, considering factors such as productivity, quality metrics, and specialty mix.
• Conduct thorough market research to benchmark physician compensation against industry standards and competitor practices.
• Develop and maintain financial models to assess the impact of different compensation strategies on the organization's financial performance.
• Work alongside the Vice President to ensure compliance with all applicable healthcare regulations regarding physician contracting and compensation, including Stark Law and Anti-Kickback Statute.
• Collaborate with key stakeholders including department chairs, administrators, legal counsel, human resources, and senior leadership to align contracting and compensation strategies with organizational objectives.
• Support the Vice President in the implementation of a centralized contract management software to ensure that all contracts are stored and processed within one centralized tool. Provide day-to-day support in the maintenance of the designated tool(s).
• Aid the Vice President in training more junior staff members.
• Perform other duties as assigned and directed by the Vice President, Physician Compensation and Contracting or designee.

Qualifications

• Bachelor's degree required.
• Master’s degree preferred.
• Minimum of 2 years of experience with physician compensation and contracting, or a closely related field.
• Compensation analysis and/or benchmarking capabilities experience strongly preferred.
• Excellent verbal and written communication skills.

Pay

USD $65,000.00 - USD $75,000.00 /Yr.

Equal Employment Opportunity

Maimonides Medical Center (MMC) is an equal opportunity employer.