Physician Compensation Analyst

Advocate Aurora Health • Milwaukee, WI

319d • $32 - $48 • Remote

About The Position

The Physician Compensation Analyst position involves performing complex planning and analysis functions, organizing, implementing, and managing physician compensation plans. The analyst serves as a consultant to PSA and Service Line Leaders, performing tasks required for the accurate calculation and payment of physician compensation. This includes preparing and documenting data necessary to calculate physician compensation in accordance with contracts, addendums, and compensation plans, as well as processing other payments as required. The role also provides decision support particularly in the interpretation of trends and variance analysis, and performs other related duties as assigned.

Requirements

• BA or equivalent knowledge in Finance or related field.
• Typically requires 3 years of experience.
• Strong computer skills, especially database and worksheet applications.
• Proven analytical skills, including familiarity with large databases, analyze data and draw meaningful conclusions.
• Ability to organize and manage multiple tasks to reach deadlines.
• Excellent work attitude and ability to work with others.
• Excellent communication skills.
• Strong presentation skills.
• Must be proficient in the use of Microsoft Office (Excel, Access, PowerPoint and Word) or similar products.

Responsibilities

• Serves as point of contact for PSA and Service Line leaders for all physician compensation and related issues.
• Sets and monitors appropriate physician compensation draw rates; conducts monthly meetings with Senior Leadership to ensure compensation, compliance and HR processes and procedures are followed.
• Responsible for obtaining and verifying reasonableness of data used to measure physician productivity, and utilizes this information in physician productivity evaluation, compensation calculation and compensation plan management.
• Prepares various physician compensation and production analyses, models and reports, including physician's following year compensation projections.
• Reconciles accounts and prepares accounting accrual entries to ensure supported, timely and accurate financial records.
• Develops and maintains reports and data related to monthly payment of physician compensation.
• Participates in Physician Compensation Department teams to create and/or design physician compensation reports, plans, databases or documentation to improve processes and procedures.
• Participates in the maintenance of reports and records to properly account for and make payments related to retention bonuses, sign-on bonuses, incentive compensation and other special compensation arrangements.

Benefits

• Paid Time Off programs.
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability.
• Flexible Spending Accounts for eligible health care and dependent care expenses.
• Family benefits such as adoption assistance and paid parental leave.
• Defined contribution retirement plans with employer match and other financial wellness programs.
• Educational Assistance Program.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Hospitals
• Education Level: Bachelor's degree