Senior Consultant for Provider Compensation & Contracts

INOVA CmbH

277d • Remote

About The Position

Inova Health System is looking for a dedicated Senior Consultant for Provider Compensation & Contracts to join the team. This role will be Full-time Day Shift: Monday - Friday, 8am - 4:30pm | Remote. Remote Eligibility: This position is eligible for remote work for candidates residing in the following states - VA, MD, DC, DE, FL, GA, NC, OH, PA, SC, TN, TX, WV. Inova is consistently ranked a national healthcare leader in safety, quality and patient experience. We are also proud to be consistently recognized as a top employer in both the D.C. metro area and the nation.

Requirements

• Education: Bachelor's Degree
• Experience: Five (5) years of Healthcare Administration experience in provider contracting and compensation

Responsibilities

• Performs advanced database administration of the MediTract CLM contract database including information regarding salary, FTE, agreements, amendments and compensation notifications.
• Provides reports on a monthly and ad hoc basis.
• Acts as a project manager on contracting database-related issues and trains team members on the effective use of databases.
• Manages the contracting process for provider agreements including new contracts, renewals, Pro Re Nata, professional services agreements, and other legal arrangements.
• Understands and maintains key policies, practices and procedures while accurately communicating them to management, staff, and providers.
• Partners with Inova Health System's Legal Counsel to accurately interpret and communicate contracting or policy issues to providers.
• Calculates, reviews, and communicates quarterly wRVU productivity and annual performance incentive bonuses to providers.
• Maintains advanced knowledge of Industry Standard National Benchmark Survey Data.
• Provides business intelligence and consults with the Decision Support team on provider productivity and performance-related outputs.
• Maintains an understanding of Provider Fair Market Value (FMV) concepts to ensure compliance with Inova Provider Compensation philosophy.
• Utilizes FMV and Benchmarking data to collaborate with the Physician Services team on the design/implementation of provider compensation models.
• Coordinates with Human Resources (HR), Compensation, and HR Information Systems teams, in addition to service line leadership, to ensure that provider job and pay action requests are accurate, compliant and processed in a timely manner.
• Acts as a Liaison between teams to problem-solve payment issues and lead efforts to rectify inaccuracies.
• Identifies and communicates potential barriers and possible solutions on contracting or compensation initiatives to Physician Services leadership.
• May perform additional duties as assigned.

Benefits

• Committed to Team Member Health: offering medical, dental and vision coverage, and a robust team member wellness program.
• Retirement: Inova matches the first 5% of eligible contributions - starting on your first day.
• Tuition and Student Loan Assistance: offering up to $5,250 per year in education assistance and up to $10,000 for student loans.
• Mental Health Support: offering all Inova team members, their spouses/partners, and their children 25 mental health coaching or therapy sessions, per person, per year, at no cost.
• Work/Life Balance: offering paid time off, paid parental leave, flexible work schedules, and remote and hybrid career opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Furniture and Related Product Manufacturing
• Education Level: Bachelor's degree