Overview
This role provides compensation consultative services for employed providers and independent contracted providers. The Provider Compensation Analyst works closely with leadership in Provider Recruitment, EMG Operations, and the EMG Business Office to support compensation design and benchmarking, physician productivity analysis, fair market value reviews, and contract review and management.
Responsibilities
- Conduct benchmarking and data analysis to formulate compensation recommendations aligned with system standards for compensation programs
- Interpret, analyze, and implement compensation arrangements as stipulated in Provider Employment Agreements
- Manage components and participate in annual/bi-annual provider contract review processes, including:
- Preparing productivity reports
- Recommending salary adjustments
- Gathering and analyzing data to determine incentive goal achievements
- Participate in and complete annual provider compensation and productivity surveys
- Collaborate with external appraisers/consultants to obtain analyses of fair market value (FMV) and commercial reasonableness (CR) for proposed compensation plans
- Partner with Provider Recruitment and Operations teams to solve business and operations issues
- Partner with the EMG Business Office and serve as backup to the EMG Financial Analyst for:
- Provider incentive compensation and variable compensation calculations
- Uploads to Payroll
Requirements
- Minimum of Five (5) or more years of finance or compensation experience
- Two (2) years of physician or provider compensation experience and/or solid understanding of physician billing and productivity measures (i.e., CPT, wRVU, Charges, Collections, etc)
- Two (2) years of experience in a hospital or healthcare-related environment
- Proficiency in Microsoft Word, Excel, and Outlook
Preferred Qualifications
- Master’s degree in health/hospital administration, business administration, finance, or related field
- Ability to effectively and professionally communicate verbally and in writing to key stakeholders within the organization
- Ability to multi-task projects
Compensation & Benefits
Location
- Erlanger Baroness Hospital, Chattanooga, TN
- Full-time, remote
Standard Hours