Physician Compensation Analyst
Job Summary
Responsible for the coordination, documentation, communication and analysis of provider productivity, compensation and benefits as well as the implementation of associated plan. Performs quantitative and qualitative analysis of healthcare and financial data to support program management within the physician and advanced practice provider compensation department. Responsible for appropriate planning, communication, reporting and implementation of changes that pertain to physician incentives and additional pay programs, pricing and compensation methodologies.
Responsibilities
- Summarize provider revenues and work relative value units (WRVUs).
- Gather data for payroll processing and benefit day tracking.
- Describe the concepts behind compensation analysis and implications of data.
- Afford assistance in the overall preparation and design of monthly compensation process, budget, and survey and market analysis through data gathering, entry and validation.
- Afford assistance with financial reporting for physicians, advanced practice providers, as well as executive leadership.
- Work with appropriate personnel to ensure accurate presentation of financial data.
- Prepare statistical reports.
- Accommodate appropriate requests for financial data.
- Maintain financial records and documentation.
- Review and validate time cards, payroll documentation, and obtain and maintain required approvals as appropriate.
- Maintain applicable tracking systems on productivity for providers, as well as troubleshoot and modify any compensation plans as needed, ensuring all components are accurate and appropriate.
- Document government regulations and internal policies related to compensation.
Qualifications
- Bachelor’s degree required. Prefer in an accounting, finance, or a healthcare administration field. Will consider accepting, if no Bachelor’s degree, at least six years equivalent work experience.
- Basic understanding of accounting principles and standards required.
Benefits
Sanford offers an attractive benefits package for qualifying full-time and part-time employees. Depending on eligibility, a variety of benefits include health insurance, dental insurance, vision insurance, life insurance, a 401(k) retirement plan, work/life balance benefits, and a generous time off package to maintain a healthy home-work balance. For more information about Total Rewards, visit https://sanfordcareers.com/benefits.