Senior Physician Compensation Analyst- MCVP Business Analytics & Compensation- Hybrid

This position is a hybrid work opportunity that requires candidates be local to Richmond, VA to meet weekly onsite work requirements. **Healthcare experience highly preferred**

We are looking for a Senior Physician Compensation Analyst to serve as a trusted expert and consultant working closely with clinical departments, administration, and compliance. This role is responsible for designing and maintaining complex compensation structures and databases, delivering key analysis and reports, and ensuring pay practices align with market standards, internal equity, and regulatory guidelines. As the first line of review, the analyst reinforces policy and partners proactively with department administrators to find alternatives that meet both organizational standards and operational needs.

The ideal candidate will have strong finance and Excel skills, including building and managing complex models and datasets, as well as, experience in physician practice management, healthcare revenue cycle, and wRVUs. They must possess excellent problem-solving abilities and the ability to work independently in a fast-paced environment. Adaptability is essential, as is the ability to quickly learn new systems and concepts. Success in this role requires staying calm, objective, and solutions-focused during challenging interactions.

The Physician Compensation Analyst, Sr. serves as a subject matter expert on provider compensation providing consultation to assigned department(s), analyzing compensation issues, and preparing alternatives and recommendations. Designs, recommends, and implements new or modifications to existing pay practices and structures to ensure market competitiveness, internal equity, and compliance with Fair Market Value regulations and compensation plan documents.

The Senior Provider Compensation Analyst consults, advises and assists practice management in providing leadership and direction by performing a combination of the following: compensation reporting / management; budget development, forecasting and auditing; management and auditing of funds flow between VCUHS, VCU and MCVP; alignment and data analysis with external benchmarks such as AAMC and Clinical Practice Resource Center. Provides oversight to ensure all technical aspects of the collection, analysis, and reporting of provider compensation-related data is accurate, audited, communicated, and produced in a timely manner.

The Senior Provider Compensation Analyst manages all aspects of the MCVP clinical recruitment to include: evaluating productivity metrics for all MCVP physicians and clinical providers, developing budget forecasts and evaluating staffing opportunities. Additionally, the Senior Provider Compensation Analyst manages all aspects of the pre-hire process for the MCVP clinical teams to include employment agreement review, offer letter alignment with MCVP, VCUHS and SOM guidelines and appropriate alignment with the designated HR and credentialing platforms for appropriate onboarding.

Operational:

Serves as a subject matter expert providing specialized provider compensation and provider productivity knowledge to Department Administrators and leadership.

Provides strategic guidance in the design and implementation of competitive compensation programs, policies and practices; Provides expertise on pay models to achieve alignment between practice revenues, quality, and expenses, as well as market competitiveness; Participates in and assists with the compensation plan review and approval process; Develops and presents complex provider compensation analysis based on established models and contracts;  Remains current on provider compensation trends used in updating compensation models; Leads in conducting compensation reviews as directed by MCVP and department leaders

Recommends resolutions to the Provider Compensation Steering Committee and offers guidance to Department Administrators, Providers, Department Chairs and Division Chiefs.

Leads the compensation team in developing, updating, and maintaining compensation policy, program, and procedure documentation.  Recommends compensation process improvements.

For staff development purposes, provides mentoring, project guidance, and training for Provider Compensation Analysts. 

Prepares and conducts training on physician compensation related matters to other Department Team Members, organizational Team Members and Leadership.

Prepares highly accurate monthly provider performance reports for faculty, divisions, and departmental leaders; Prepares cash illustrations/profiles as needed and for new faculty in the Comp Plan and annually thereafter; Prepares salary reconciliation documents to assist Payroll with retroactive pay adjustments and to communicate adjustments to providers; Reviews all provider payout requests generated by clinica