Physician Compensation Analyst
Sanford Health
full-time
Posted on:
Location Type: Remote
Location: Minnesota • North Dakota • United States
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Salary
💰 $28 - $44 per hour
About the role
- Responsible for the coordination, documentation, communication and analysis of provider productivity, compensation and benefits.
- Performs quantitative and qualitative analysis of healthcare and financial data to support program management within the physician and advanced practice provider compensation department.
- Responsible for appropriate planning, communication, reporting and implementation of changes that pertain to physician incentives and additional pay programs, pricing and compensation methodologies.
- Summarize provider revenues and work relative value units (WRVUs).
- Gather data for payroll processing and benefit day tracking.
- Describes the concepts behind compensation analysis and implications of data.
- Assist in the overall preparation and design of monthly compensation process, budget, and survey and market analysis through data gathering, entry and validation.
- Assists with financial reporting for physicians, advanced practice providers, as well as executive leadership.
- Works with appropriate personnel to ensure accurate presentation of financial data.
- Prepares statistical reports.
- Accommodates appropriate requests for financial data.
- Maintains financial records and documentation.
- Duties will also include reviewing and validation of time cards, payroll documentation, and obtaining and maintaining required approvals as appropriate.
- Maintain applicable tracking systems on productivity for providers, as well as troubleshoot and modify any compensation plans as needed, ensuring all components are accurate and appropriate.
- Documents government regulations and internal policies related to compensation.
- Demonstrates strong knowledge of mathematical concepts and ability to apply these appropriately to business transactions, planning, and packaging of compensation and benefits.
- Knowledge of and ability to apply appropriate processes, tools, and techniques for assuring a high level of quality in computer software products and systems associated with compensation programs related to physicians, advanced practice providers, and executive leadership within designated markets.
Requirements
- Bachelor’s degree required.
- Prefer in an accounting, finance, or a healthcare administration field.
- Will consider accepting, if no Bachelor’s degree, at least six years equivalent work experience.
- Basic understanding of accounting principles and standards required.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
quantitative analysisqualitative analysisfinancial reportingdata gatheringdata validationstatistical reportingpayroll processingcompensation analysisbudget preparationfinancial data presentation
Soft Skills
communicationcoordinationdocumentationplanningtroubleshootingorganizational skillsattention to detailanalytical skillsproblem-solvinginterpersonal skills