Physician Compensation Analyst

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🔥 10 minutes ago

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Logo of Advocate Aurora Health

Advocate Aurora Health

10,000+ employees

🏥 Healthcare

⚕️ Healthcare Insurance

💰 $10.2M Grant on 2019-08

Healthcare • Healthcare Insurance

Advocate Aurora Health is a leading healthcare organization that operates across various regions including Central Chicagoland, Central Wisconsin, Greater Milwaukee, and more. With a diverse range of career areas such as advanced practice clinicians, behavioral health, nursing, and more, Advocate Aurora Health is committed to helping people live well. The organization offers numerous benefits and opportunities for career advancement, fostering an environment where individuals can thrive and innovate in the healthcare sector. Advocate Aurora Health prioritizes the safety of its candidates and maintains a robust recruitment process to protect sensitive information.

📋 Description

• Performs complex planning and analysis functions; organizes implements and manages physician compensation plans and projects following guidelines established by Leadership • Designs, develops and utilizes financial monitoring tools • Performs quantitative analysis; provides decision and guidance particularly in interpretation of trends and variance analysis • Performs other related duties as assigned • Leads consultations with PSAs and Service Line leaders to design tools to heighten physician engagement and compensation transparency • Leads team within the Physician Compensation Department to accomplish above goals. • Provides counsel and assistance to physician compensation staff on issues related to physician compensation practices, policies and procedures • Serves as a mentor to train and develop staff • Trains new staff on Physician Compensation procedures and policies • Ability to audit and maintain physician labor tracking systems and provide financial analyses support • Leads Physician Compensation Department teams to create and or design physician compensation reports, plans, databases or documentation to improve processes and procedures • Consults with leadership on current compensation processes, procedures and policies. • Refers complex questions, issues and/or concerns to Leadership • Establishes and maintains successful working relationships with assigned administrators and Leadership as well as payroll and legal departments • Develops and improves physician compensation report automation • Conducts process advancement initiatives that improve accuracy of physician compensation report templates • Conducts accurate compensation calculations, analyses and evaluations according to compensation policies and practices for all assigned requests • Performs monthly physician compensation calculations accurately and on time • Provides detailed physician compensation analysis • Proactive in anticipating leadership questions and providing pertinent physician compensation data, analysis and market information to enable the CCC to make informed decisions • Based on physician compensation analyses, collaborates with requestor on best next steps • Ensures internal equity and external competitiveness when evaluating physician compensation plans or when providing analyses to the CCC • Assists in developing new physician compensation plans while ensuring current compensation plan methodology is established and maintained for each plan developed or analyzed • Communicates the methodology and results to Leadership • Ensures required documentation is maintained in an organized manner • Works with Leadership to determine fair market value for various external and internal candidates with consideration given to organization strategy and physician specialty needs.

🎯 Requirements

• Typically requires 5 years of experience • Proven analytical skills, including ability to manage large databases, analyze data and draw meaningful conclusions • Ability to identify and solve problems creatively • Ability to work independently in a fast pace, dynamic environment • Ability to work within deadlines with high attention to detail • Excellent written and verbal communication skills • Proven presentation skills • Must be proficient in the use of Microsoft Office (Excel, Access, PowerPoint and Word) or similar products.

🏖️ Benefits

• Competitive compensation • Paid Time Off programs • Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability • Flexible Spending Accounts for eligible health care and dependent care expenses • Family benefits such as adoption assistance and paid parental leave • Defined contribution retirement plans with employer match and other financial wellness programs • Educational Assistance Program

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