Provider Compensation Specialist
About The Position
The Provider Compensation Specialist reconciles provider compensation with contracts or compensation plans and administers provider productivity and incentive compensation programs. The role conducts quarterly compensation reviews, calculates bonus and incentive payments, maintains productivity data and financial records, submits compensation survey data, and prepares regular and ad hoc reports. The Specialist also supports provider contract changes with Legal, maintains contract records, and prepares required documentation for HR and Payroll. The position requires a bachelor's degree in a business-related field; one or more years of relevant work experience is preferred.
Requirements
- Bachelor's degree in finance, accounting, economics, or another business-related field.
- One or more years of work experience in accounting, finance, economics, or another analytical field (preferred).
Nice To Haves
- One or more years of work experience in accounting, finance, economics, or another analytical field.
Responsibilities
- Reconcile actual provider compensation with contract terms or compensation plans and ensure accuracy and adherence to contracts.
- Administer quarterly productivity and incentive compensation programs, including calculating quarterly productivity and incentive payments.
- Prepare bonus calculations and payments.
- Assist with provider contract changes in coordination with Legal and maintain contracts in the contract management system.
- Prepare and submit required forms to HR and Payroll to support provider compensation programs.
- Maintain monthly productivity data and calculate pro forma compensation for active and proposed compensation programs.
- Maintain monthly General Ledger accruals for incentives earned but not paid.
- Prepare data for and assist with compensation surveys; conduct or oversee special surveys when required.
- Keep reports updated with current information and prepare ad hoc reports.
- Advise management on administration of provider compensation programs.
- Adhere to hospital and departmental attendance and punctuality guidelines and perform duties in alignment with organizational values, mission, vision, policies, and procedures.
- Maintain current knowledge in areas of responsibility, attend staff meetings and required educational programs, and complete mandatory in-services, requirements, and competency evaluations on time.
- Demonstrate competency in providing age-appropriate care or, in non-clinical areas, use age-specific customer service skills; wear protective clothing and equipment as appropriate.
- Perform other duties as assigned or required.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
