Senior Physician Compensation Analyst

Cedars-Sinai•CA, CA

7d•$44 - $71

About The Position

The Cedars-Sinai Medical Network is committed to helping primary care and specialist physicians provide excellent care to all their patients, who benefit from convenient access to primary and specialty care physicians and seamless coordination of care between them. As a part of Cedars-Sinai, our physicians and staff are partners in quality health care from a medical center that is consistently recognized as one of the finest hospitals in the country. For the 8th consecutive year, we have been named one of the top 20 Physician Groups in Southern California by Integrated Healthcare Associates (IHA). The Senior Physician Compensation & Productivity Analyst provides complex compensation consultative services to Finance, HR and Operational Leadership and Physicians for assigned areas to include physician compensation design and benchmarking, physician productivity analysis, financial analysis and forecasting, and contract review. The Senior Physician Compensation & Productivity Analyst manages projects impacting areas of responsibility and manages aspects of major physician compensation & productivity initiatives and/or programs.

Requirements

Clinical competencies
Passion for highest quality and patient satisfaction
Experience in physician compensation design and benchmarking
Experience in physician productivity analysis
Experience in financial analysis and forecasting
Experience in contract review
Project management skills
Experience with compensation databases and payroll systems (e.g., ADP, MMC, TriNet)
Experience preparing Profit & Loss Statements and other financial reports
Experience participating in and completing annual surveys (compensation, productivity, operations, financial)
Experience collaborating with external appraisers/consultants for Fair Market Value (FMV) and Commercial Reasonableness (CR) reviews
Mentorship and resource skills for HR, Finance, and other staff
Ability to partner with Finance/HR staff and organizational leadership to solve complex business/operational issues
Knowledge of federal, state, and local regulations related to pay practices

Responsibilities

Conduct benchmarking and data analysis to formulate recommendations that ensure competitive, cost-effective, and legally compliant physician compensation programs and practices.
Consult with assigned client groups to provide guidance and interpretation of physician compensation policies and programs, and evaluate requests for changes and updates.
Interpret, analyze, and implement compensation arrangements as stipulated in Physician Employment Agreements and Medical Group Professional Services Agreements.
Identify opportunities for process improvements and introduction of best practices. Conduct market and best practice research to formulate and support compensation recommendations.
Conduct complex costing and other statistical analyses. Prepare a variety of ad hoc reports and analyses related to physician compensation as well as physician and APP productivity/billing data (wRVUs, Charges, Collections, Visits, etc).
Prepares and distributes quarterly compensation/productivity reconciliation summaries for physicians under such plans.
Manage components and participate in of the annual physician reviews process by preparing productivity reports, providing recommendations on salary adjustments, gathering and analyzing data to determine incentive goal achievements, calculating earned bonus awards, etc.
Maintain and audit compensation, FTE allocation (clinical vs non-clinical), specialty benchmarking matches, productivity and other relevant information in the various databases and payroll systems (e.g., ADP, MMC, TriNet, etc.) used for the different medical groups throughout CSMCF.
Prepare and Develop Profit & Loss Statements and other financial reports as needed for specific existing physician practices and/or new physician practice acquisition efforts.
Participate and Complete annual physician compensation & productivity surveys, practice operations surveys, and cost & revenue (financial) surveys.
Participate in and collaborate closely with external appraisers / consultants on the data gathering and analysis for PSA Fair Market Value (FMV) and Commercial Reasonableness (CR) reviews.
Provide physician compensation guidance, training and regulatory updates to HR and Leadership. Act as a mentor and resource for HR, Finance and other staff across the organization pertaining to physician compensation related policies and procedures.
Partner with Finance/HR staff and organizational leadership in solving complex business/operational issues across the organization.
Partner with Payroll, and as needed serve as back-up, on the upload of mass pay and FTE changes.
Ensure pay practices remain compliant with federal, state, and local regulations.