*Oversees and supports administration of various provider compensation models, ensuring compliance with Holy Cross Health policies, procedures, and guidelines.
*Develops, maintains, and updates physician compensation models, including regular auditing and reconciliation. Guides future development and enhancements to models.
*Performs regular analysis of complex compensation calculations including wRVU incentive models, clinical quality compensation, and value-based metrics.
*Serves as a subject matter expert and consults with physicians and all levels of leadership throughout the organization on physician compensation and related policies and practices.
*Uses EHR data and related databases for reporting and calculating wRVUs for provider compensation.
*Provides monthly physician compensation analysis and provides analysis of current and future compensation models for Medical Group Administration. Performs robust financial analysis on physicians' practices and makes sound, data-driven recommendations to senior leadership on fiscal viability of contract renewals.
*Main point of contact and problem-solver for physicians with compensation issues and concerns. Must utilize critical thinking and investigative skills to research and resolve variable, complex compensation issues.
*Works with the Medical Group Administration to budget provider compensation appropriately among variable components (wRVU incentive compensation, quality compensation, etc.).
*Regularly interprets and administers compensation based on physician employment agreements.
* Reviews changes in benchmark data for impact on current provider compensation plans; makes recommendations for changes.
Additional Job Description
SKILLS, KNOWLEDGE, EDUCATION, AND EXPERIENCE:
Bachelor's Degree required, preferably in accounting, finance, or business administration. Master's Degree in Healthcare Administration, Business Administration, or another related field preferred.
Five (5) years minimum experience and/or educational years will apply, preferably in a health care setting, with background in accounting, finance, or provider compensation.
Microsoft Excel and Microsoft Access proficiency required.