Compensation Analyst-Physician Contracts

About the position

The position facilitates the physician compensation checklist and approval process for all MercyOne sites. It involves conducting survey analysis, market trends, interpretation of salary data, and facilitating ongoing review and analysis of physician and NPP's compensation.

Responsibilities

• Prepare documentation to validate the fair market value of physician and physician-owned entity compensation structures, ensure the structures fulfill a legitimate business need and ensure compliance.
• Prepare state wide market analysis for physician and NPP compensation and productivity, including survey analysis, interpretation of compensation data, and comparative analysis to market or national benchmarks.
• With legal services, facilitate external reviews/Fair Market Valuations with consulting firms to determine market appropriateness of internal and external compensation plans, physician agreements, and medical management service agreements.
• Responsible for maintaining and communicating fair market value data.
• Collaborates and consults with management and employees regarding compensation programs.
• Facilitates, in cooperation with Finance (MercyOne/Local), the completion of physician salary surveys such as MGMA Sullivan and Cotter and AMGA as requested.
• Facilitates in cooperation with Finance the completion of NPP salary surveys as requested.
• Maintains and make recommendations to MHN and local markets on provider compensation.
• Provides state-wide leadership on physician compensation matter.
• Develops and maintains expertise and knowledge on current trends and developments concerning new compensation methodologies as move to value based reimbursement and other economic changes.
• Knowledgeable on regulations that impact provider compensation.
• Aids senior leadership in development of compensation principles and standards.
• Collaborates with MHN and Integrity and Compliance, legal professionals and departments.
• Resource for local markets relative to provider compensation and contracting.
• Develop reports including findings, options and recommendations for changes in physician and NPP compensation as supported by fair market value data for senior leadership.
• Analyze market data and internal compensation levels and practices to determine market competitiveness.
• Develop physician and NPP compensation or incentive plans in collaboration with finance and senior leadership.
• Facilitate the Provider Position Control Approval Process by working with appropriate parties to complete the Recruitment Request Form, add applicable community need and compensation information, request the pro forma from Finance, schedule the request for committee approval, and track requests and approvals.
• Coordinates and analyzes compensation providing recommendations to director and senior leadership.
• Coordinate and prepare appropriate documentation for MercyOne Compensation Review Panel, and Des Moines Checklist Signature Meetings and PTRC Meetings and record recommendation/approval of transactions.
• Create PTRC contracting workflows, procedures, checklists and other efficiency tools.
• Ensures all documentation required for the review and approval of each Physician Contract is complete and uploaded to Meditract.
• Review Meditract reports to ensure all physician and physician-owned groups' compensation arrangements are reviewed every three years.

Requirements

• Bachelor's degree required.
• Master's degree preferred.

Nice-to-haves

• Ability to effectively present information to senior leadership.
• Ability to respond to inquiries from regulatory agencies, customers and business community.
• Strong healthcare knowledge desired.
• Works with System Office, MCRP, local Boards and PTRC Committees.