Performs complex planning and analysis functions; organizes implements and manages physician compensation plans; serves as a consultant to PSA and Service Line Leaders. Performs tasks required for the accurate calculation and payment of physician compensation. Prepares and documents data necessary to calculate physician compensation in accordance with contracts, addendums, and compensation plans. Processes other payments as required. Provides decision support particularly in interpretation of trends and variance analysis; and performs other related duties as assigned.
Major Responsibilities:
Serves as point of contact for PSA and Service Line leaders for all physician compensation and related issues. Sets and monitor appropriate physician compensation draw rates; conducts monthly meetings with Senior Leadership to ensure compensation, compliance and HR process and procedures are followed.Responsible for obtaining and verifying reasonableness of data used to measure physician productivity, and to utilize this information in physician productivity evaluation, compensation calculation and compensation plan management.Prepares various physician compensation and production analyses, models and reports, physician’s following year compensation projectionsReconciles accounts and preparing accounting accrual entries to ensure supported, timely and accurate financial records.Develops and maintains reports and data related to monthly payment of physician compensation.Participates in Physician Compensation Department teams to create and or design physician compensation reports, plans, databases or documentation to improve processes and procedures.Prepares various physician compensation and production analyses, models and reports, physician’s following year compensation projections and annual physician compensation budget.Participates in the maintenance of reports and records to properly account for and make payments related to retention bonuses, sign-on bonuses, incentive compensation and other special compensation arrangements.Licensure, Registration, and/or Certification Required:None Required.
Education Required:
Experience Required:
Knowledge, Skills & Abilities Required:
Physical Requirements and Working Conditions:
This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.