Physician Compensation Analyst

This is a fully remote position, open to applicants in Utah.

📋 Description

• Offer compensation support and analysis for leaders in physician compensation, the Medical Group, markets, service lines, provider recruitment, and the Office of Physician and APP Professional Affairs.

• Collaborate on Market Survey Analysis and engage with Compensation Market Data.

• Participate in around eight salary surveys and third-party salary assessments.

• Analyze, weigh, age, and uphold the integrity of survey data while coordinating survey results within the database.

• Compile and evaluate survey data, providing internal consultation and market insights to management.

• Conduct ad-hoc data analysis and modeling utilizing various data sources.

• Create models for projections of new compensation structures and assess financial and individual impacts.

• Structure analyses for customer utilization and develop dynamic analyses.

• Execute Fair Market Value evaluations of physician compensation.

• Ensure compliance with federal Stark, Anti-Kickback, and other laws and regulations regarding physician compensation.

• Assess compensation against established benchmarks and facilitate annual physician compensation compliance reviews.

• Review physician contracts to ensure compliance with compensation standards.

• Collaborate with Market and Service Line operations on contract compensation and assist Physician Contracting with compensation language.

• Support provider payroll and act as a resource for physician and APP payroll teams.

• Review calculations and spreadsheets, preparing uploads for the payroll system.

• Assist in developing compensation guidelines and maintaining standard compensation rate sheets.

• Engage in reviewing and updating compensation guidelines.

• Participate in, and potentially lead, the Annual Rate Update and Financial Plan.

• Utilize market data to assess physician compensation rates and predict compensation inflation for Medical Group financial planning.

• Aid in the preparation of the annual rate update proposal.

• Conduct audits and special projects pertaining to compensation compliance and programs.

• Execute other tasks as assigned by the Finance Director - Physician Compensation and/or Physician Compensation Manager.

⛳️ Requirements

• Previous experience in data manipulation.

• Highly detail-oriented with strong organizational capabilities.

• Excellent computer proficiency, including familiarity with worksheets, word processing, and data management.

• Creativity, resourcefulness, and strong problem-solving abilities.

• Exceptional communication and customer service skills.

• Bachelor's degree in HR, Accounting, Analytics, or a related business field preferred; education must be obtained from an accredited institution and degree will be verified.

• Experience as a compensation analyst is preferred.

• Prior compensation experience in a healthcare environment is preferred.

• Familiarity with healthcare jobs and functions is preferred.

• Experience with incentive pay administration is preferred.

• Experience in physician compensation is preferred.

• Facilitation and presentation skills are preferred.

• Proficiency in SQL is preferred.

• Ability to adhere to confidentiality, information security, work schedules, conflicts of interest, and company equipment policies for remote work.

• Must be available to work 40 hours weekly.

🏝️ Benefits

• Comprehensive benefits package encompassing programs that support physical, mental, and overall well-being.

• Remote work expectations along with provisions for company equipment.