Physician Compensation and Financial Analyst

Default Work Shift:

Day (United States of America)

Hours:

40

Salary range:

$37.19 - $56.22

Schedule:

Full Time

Shift Hours:

8 Hour employee

Department:

Administration (Clinic Division)

Job Objective:

Analyzes and administers key compensation, financial, budgeting, and analytical functions that align with the medical group’s objectives for recruiting, retention and employee engagement.

Job Description:

Education:
Required: Bachelor’s degree in Finance, Accounting, Business Administration or related field
Preferred: Master’s degree in Health Care Administration, Finance, Accounting or related field
 

Licensure/Certification:
N/A

Experience:
Required: Three (3) years of compensation, finance or business analytics experience

Preferred: Experience in physician compensation, healthcare finance, and budgeting

Reports To: Vice President-Eisenhower Medical Associates
Supervises: N/A
Ages of Patients: N/A
Blood Borne Pathogens: Minimal/ No Potential

Skills, Knowledge, Abilities:

Ability to establish and maintain positive interpersonal relationships with all levels of the organization, Ability to maneuver between independent judgment and team support in determining reporting, analysis, and conclusions, Ability to plan, organize and prioritize multiple tasks/projects; ability to influence and negotiate, Ability to take initiative, be innovative and work effectively in a variety of settings, Excellent customer service skills, Intermediate and/or advance use of Microsoft Office products, especially Excel, Knowledge and understanding of physician compensation elements and productivity metrics including work relative value units, Knowledge of Federal and State laws and regulations pertaining physician referrals, anti-kickback, fraud and abuse, and tax exemption, Problem solving, project management and teamwork skills, Strong interpersonal, organizational and analytical skills, Written and verbal communication skills

Essential Responsibilities

1. Demonstrates compliance with Code of Conduct and compliance policies and takes action to resolve compliance questions or concerns and report suspected violations.
2. Compiles, creates and analyzes information pertaining to physician compensation including internal, equity, and market comparisons, and fair market value determinations. 
3. Conducts an annual market analysis of all physician compensation within the medical group, and makes recommendations with regard to market adjustments, equity adjustments, FMV compliance, etc.; works with medical group leadership, including the medical group’s compensation committee, to review and implement required changes.  
4. Makes recommendations to Eisenhower Medical Associates (EMA) leadership on all physician compensation related issues.
5. Works closely with medical group consultants in constructing appropriate compensation models based on compensation survey data.
6. Responds on behalf of the medical group to annual Physician Compensation Surveys conducted by MGMA and other organizations.
7. Assists EMA leadership in creating and revising physician job descriptions; acts as subject matter expert in maintaining accurate, consistent job descriptions across all specialties.
8. Completes annual evaluation of EMA positions related to market salary survey data, years of experience analyses, ACA workforce analysis and other required regulatory reporting.
9. Creates clear financial reports, analyzes data, and provides conclusions in response to routine or ad hoc inquiries from leadership.
10. Takes the lead role in annual medical group physician expense budget preparation.
11. Provides analysis of budget outcomes, including budget to actual variance.
12. Works closely with the health system’s finance department with regard to physician expenses and how they impact the larger organization, including bonus accruals.  
13. Works closely with the Physician Performance Analytics Manager to support productivity analysis.
14. Acts as a point person for HRIS/Payroll systems relating to all EMA compensation functions, payroll reporting, etc.
15. Conducts monthly, bi-weekly and ad-hoc reports needed for compliance and analyses.
16. Reviews and recommends salary placement as requested by leadership.
17. Communicates with physicians with regard to bonus awards and calculation of bonus awards.  
18. Takes the lead role in evaluating, recommending, implementing, and maintaining physician compensation software, as required. 
19. Performs other duties as assigned.