Mgr Physician Comp

10226 Advocate Aurora Health Corporate - Physician Compensation

Full time

Yes

40

Full time, weekdays

Pay Range

$54.90 - $82.35

This role requires proven leadership, effective management of direct reports, and experience in administering, auditing, analyzing and evaluating system-wide clinical compensation pay practices for physicians. Must be a subject matter expert on compensation marketplace trends and factors that can help shape the physician compensation plans and policies and build successful partnerships with our various service line leaders in our healthcare system.

Education/Experience Required:

• Education: Bachelor's Degree in Finance or related field

• Experience: Typically requires 5 years of experience in physician compensation, finance, accounting, or equivalent that includes consulting with leadership on strategies and planning, budgeting, and plan modeling. Medical group finance and physician compensation plans experience of at least two (2) years. Supervisory experience of at least one year, including budgeting.

Major Responsibilities:

• Serves as a liaison between operations management, physician leadership, physicians, accounting, and financial services for the following: system physician compensation projects; system data and report analysis, system accounting regarding physician compensation accrual; system physician compensation budgeting; and corporate compliance; review and sign off physician compensation transactions.

• Provides consultation to operational leadership, physician leadership and financial leadership on key physician compensation projects, financial impacts, contracting, quality and performance, and related issues. Analyzes and proposes ways to improve the organization's structure, efficiency, or profits. Assists in reviewing/analyzing physician productivity to ensure accuracy for physician compensation calculation and related expenses for assigned entities.

• Leads or participates in the design, development, implementation, and maintenance of decision support tools/reports to support physician compensation decision making. Develops, refines, and communicates budgeting techniques to provide leadership with optimum control and planning tools.

• Develops, executes, and evaluates physician compensation project plans in collaboration with other teams and leadership, identifies project needs and efficiency improvement opportunities. Champions efficiency improvement initiatives, prepares project budget and analyses to support efficiency enhancements and leads projects to assist standardization processes.

• Develops and maintains comprehensive analytical and benchmarking tools. Leads systematic and comprehensive analytics to support AHC strategic initiatives. Performs physician compensation modeling and analyses. Summarizes physician compensation data and other metrics and prepares reports.

• Provides input into new strategies, policies, and procedures for physician compensation department, and applies principles and approaches appropriately for each market and service line.

• Develops and mentors physician compensation department analytics work force to improve efficiency and achieve higher level performance and turnaround time. Leads and performs physician compensation calculations, ensures data integrity, performs auditing, and facilitates timely delivery of reports and communications. Develops and/or delivers training to operational leadership on physician compensation management topics, report interpretation, and systems use. 

• Leads compensation projects from planning the life cycle to identifying key project activities and guides the project teams to develop sound proposals and successfully implement programs. This includes new programs that support the integration and harmonization of compensation across the system and in support of future mergers/acquisitions, as well as annual compensation programs such as merit, incentives, etc. 

• Serves as a lead point of contact for clinician compensation. Builds and maintains strong relationships and provides tactical and strategic guidance to HR partners and functional leaders to jointly resolve concerns and issues on simple, as well as complex compensation matters that attracts, motivates, and retains talent.

• Performs human resources responsibilities for staff which include interviewing and selection of new employees, promotions, staff development, performance evaluations, compensation changes, resolution of employee concerns, corrective actions, terminations, and overall employee morale.

Knowledge, Skills & Abilities Required:

• Proven project management, problem-solving, critical thinking, and decision-making abilities. 

• Ability to work within deadlines with high degree of detail and to work independently in a fast paced, dynamic environment.

• Proven leadership and interpersonal skills.

• Excellent analytical skills, including ability to analyze quantitative and qualitative information and reach sound conclusions.

• Ability to make effective decisions based on compensation policy and practices and when appropriate, to elevate decisions to leadership and Administration.

• Excellent verbal and written communication skills.  Ability to communicate and collaborate effectively with all levels of employees, management, executives, and other organizations.  Ability to explain complex financial issues, deliver difficult communications, and educate leadership, clinicians, and Administration.

• Proficiency using Microsoft Office (Word, Excel, Access, and PowerPoint), or similar products.

• Ability to interpret financial policies, procedures, and systems.

• Knowledge of consulting methodologies relevant to the financial services industry, such as strategizing, business case development, process mapping, lifecycle of project implementation, requirements gathering, and performing a competitive assessment.

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.

Our Commitment to You:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:

Compensation

• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
• Premium pay such as shift, on call, and more based on a teammate's job
• Incentive pay for select positions
• Opportunity for annual increases based on performance

Benefits and more

• 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