Physician Compensation Analyst
About The Position
Sanford Health is one of the largest and fastest-growing not-for-profit health systems in the United States. We’re proud to offer many development and advancement opportunities to our nearly 50,000 members of the Sanford Family who are dedicated to the work of health and healing across our broad footprint. Responsible for the coordination, documentation, communication and analysis of provider productivity, compensation and benefits as well as the implementation of associated plan. Performs quantitative and qualitative analysis of healthcare and financial data to support program management within the physician and advanced practice provider compensation department. Responsible for appropriate planning, communication, reporting and implementation of changes that pertain to physician incentives and additional pay programs, pricing and compensation methodologies. Responsible for the coordination, documentation, communication and analysis of provider productivity, compensation and benefits. Assist in the overall preparation and design of monthly compensation process, budget, and survey and market analysis through data gathering, entry and validation. Assists with financial reporting for physicians, advanced practice providers, as well as executive leadership. Works with appropriate personnel to ensure accurate presentation of financial data. Prepares statistical reports. Accommodates appropriate requests for financial data. Maintains financial records and documentation. Duties will also include reviewing and validation of time cards, payroll documentation, and obtaining and maintaining required approvals as appropriate. Maintain applicable tracking systems on productivity for providers, as well as troubleshoot and modify any compensation plans as needed, ensuring all components are accurate and appropriate. Documents government regulations and internal policies related to compensation. Demonstrates strong knowledge of mathematical concepts and ability to apply these appropriately to business transactions, planning, and packaging of compensation and benefits. Knowledge of and ability to apply appropriate processes, tools, and techniques for assuring a high level of quality in computer software products and systems associated with compensation programs related to physicians, advanced practice providers, and executive leadership within designated markets. Excel at demonstrating written and oral communication skills at a professional level with the ability to adjust communication techniques and delivery based on audience and understanding, without hesitation.
Requirements
- Bachelor’s degree required. Prefer in an accounting, finance, or a healthcare administration field. Will consider accepting, if no Bachelor’s degree, at least six years equivalent work experience.
- Basic understanding of accounting principles and standards required.
- Demonstrates strong knowledge of mathematical concepts and ability to apply these appropriately to business transactions, planning, and packaging of compensation and benefits.
- Knowledge of and ability to apply appropriate processes, tools, and techniques for assuring a high level of quality in computer software products and systems associated with compensation programs related to physicians, advanced practice providers, and executive leadership within designated markets.
- Excel at demonstrating written and oral communication skills at a professional level with the ability to adjust communication techniques and delivery based on audience and understanding, without hesitation.
Responsibilities
- Responsible for the coordination, documentation, communication and analysis of provider productivity, compensation and benefits
- Implementation of associated plan
- Performs quantitative and qualitative analysis of healthcare and financial data to support program management within the physician and advanced practice provider compensation department
- Responsible for appropriate planning, communication, reporting and implementation of changes that pertain to physician incentives and additional pay programs, pricing and compensation methodologies
- Summarize provider revenues and work relative value units (WRVUs)
- Gather data for payroll processing and benefit day tracking
- Assist in the overall preparation and design of monthly compensation process, budget, and survey and market analysis through data gathering, entry and validation
- Assists with financial reporting for physicians, advanced practice providers, as well as executive leadership
- Works with appropriate personnel to ensure accurate presentation of financial data
- Prepares statistical reports
- Accommodates appropriate requests for financial data
- Maintains financial records and documentation
- Duties will also include reviewing and validation of time cards, payroll documentation, and obtaining and maintaining required approvals as appropriate
- Maintain applicable tracking systems on productivity for providers, as well as troubleshoot and modify any compensation plans as needed, ensuring all components are accurate and appropriate
- Documents government regulations and internal policies related to compensation
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
