Physician Compensation Program Manager - FT - Day - Talent Acquisition

Work Shift:

Capital Health is the region's leader in providing progressive, quality patient care with significant investments in our exceptional physicians, nurses and staff, as well as advance technology. Capital Health is a five-time Magnet-Recognized health system for nursing excellence and is comprised of 2 hospitals. Capital Health Medical Group is made up of more than 250 physicians and other providers who offer primary and specialty care, as well as hospital-based services, to patients throughout the region.

Position Overview:

The Physician Compensation Manager will be responsible for all data collection, analysis and reporting functions required to support physician and advanced provider compensation plans for actual and budget, and will assist with the development, implementation and administration of compensation models and information gathering. This role will be responsible for ensuring physician compensation philosophy is applied accurately and consistently across the organization.

MINIMUM REQUIREMENTS

Education: Bachelors degree in related area.

Experience:

• bachelor’s degree in business or healthcare field (R)
• Minimum 5 years relevant, professional experience including complex analytics, working on problems of diverse scope and developing initial improvement plans for review Technical understanding of complex databases and financial reporting

Knowledge and Skills:

Proficient in Microsoft Office including Word, Excel and PowerPoint. Proficient in defining problems, data collection, establishing facts, and drawing conclusions. High level of discretion and strong analytical skills required. Must have excellent project management skills. Must have excellent verbal and written communication skills.

Reporting Relationships

Reports to Capital Health Medical Group Vice President of Operations (VPO) and Human Resource Director

ESSENTIAL FUNCTIONS

•  Development, implementation, and administration of physician compensation model standards for employed physicians and medical directors.
• Leads physician and provider market studies from inception to implementation, including data analysis, salary recommendations, cost projections, presentations and communication plans.
• Develop an understanding of all executed physician incentive compensation plans and contracts as well as departmental supplemental pay practices and policies.
• Provides guidance and support to CHMG leadership and finance colleagues in the interpretation and administration of CHMG physician and provider compensation programs policies and procedures.
•  Provides clarification of physician and provider job design, organizational structure, job functions, and qualifications based on CHMG guidelines and practices.
• Assists with the process of collection, analysis, and reporting of data specific to organization wide physician compensation, including productivity while ensure data integrity
• Design and maintain reports, auditing tools, databases and related documentation. Complete work documentation to support market data and audit results.
• Develops communications and reports that support the compensation plan and status.
• Develops and maintains systems and processes that support the overall physician compensation plans and policies, including maintaining complex databases and detailed records of activities and communications, complying with federal and state regulations.
• Accumulates physician productivity RVU data, patient experience scores and clinical protocol data detailed by provider, applies existing compensation model methodology within excel based model, and prepares physician compensation scorecards for the base compensation adjustments currently occurring two times per year for all eligible physician providers across all specialties.
• Provide information on market trends and pay strategies impacting provider compensation.
• Meets with internal partners proactively to provide information and responds to ad-hoc requests related to compensation calculation, communication, and problem resolution in a confidential manner.
• Looks for opportunities in process improvement, makes recommendations and supports review, redesign, and implementation of changes.
• Prepares assigned monthly/standard reports and develops streamlined processes for actual and budget where appropriate.
• Develops basic reports from appropriate system according to customer requests.
• Research issues related to external, regulatory, payor and other forces impacting physician compensation.
• Translates technical financial and compensation-based terminology into terms understandable to all levels of leadership, as