Provider Compensation Specialist
About The Position
The Provider Compensation Specialist is responsible for reconciling provider compensation to contract or compensation plan, performing quarterly reviews of provider compensation, preparing bonus calculations and payments, submitting survey data, keeping reports updated with the most current information, as well as preparing any ad hoc reports. This role also assists with provider contract changes with Legal and maintains contracts in the contract management system. Additionally, the specialist is responsible for the preparation and submission of all required forms to HR and Payroll to support provider compensation programs, maintaining monthly productivity data and calculating pro forma compensation for active and proposed compensation programs, and maintaining monthly accruals in the General Ledger for incentives earned but not paid. The role involves preparing data and assisting in various compensation surveys, and may conduct or oversee special surveys. The specialist calculates quarterly productivity and incentive payments, performs periodic reconciliations of actual compensation to provider contract terms to ensure accuracy and adherence, advises management in the administration of provider compensation programs, and administers quarterly productivity and incentive compensation programs.
Requirements
- Bachelor's Degree in finance, accounting, economics, or other business-related field
Nice To Haves
- 1 or more years work experience in accounting, finance, economics, or another analytical field
Responsibilities
- Reconciling provider compensation to contract or compensation plan
- Performing quarterly reviews of provider compensation
- Preparing bonus calculations and payments
- Submitting survey data
- Keeping reports updated with the most current information
- Preparing any ad hoc reports
- Assisting with provider contract changes with Legal
- Maintaining contracts in contract management system
- Responsible for preparation and submission of all required forms to HR and Payroll to support provider compensation programs
- Maintaining monthly productivity data
- Calculating pro forma compensation for active and proposed compensation programs
- Maintaining monthly accruals in General Ledger for incentives earned but not paid
- Prepares data and assists in various compensation surveys
- May conduct or oversee special surveys to gather data on specific issue areas as required
- Calculates quarterly productivity and incentive payments
- Performs periodic reconciliations of actual comp to provider contract terms to ensure accuracy and adherence to the contract
- Advises management in the administration of provider compensation programs
- Administers quarterly productivity and incentive comp programs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
