What are the responsibilities and job description for the Manager, Physician Compensation - Physician Compensation position at Cedars-Sinai Medical Center?
Job Description
The Manager of MN Physician Compensation supports the Director in managing the compensation review and reconciliation process across all medical groups, including those under HHP. This position maintains and assists in making recommendations related to physician compensation plans. The Manager provides leadership and proficiency on physician compensation matters. This role is responsible for the planning, development, and execution of specific pay practices to ensure fair market value and legal compliance with company policies, state and federal regulations.
Will supervise the processing of all payroll-related functions for physicians in the medical groups affiliated with the Cedars-Sinai Medical Care Foundation. Will manage and mentor staff in the data analysis and implementation of physician compensation and physician payroll.
Duties and Responsibilities :
- Assist in the development and evaluation of physician compensation strategies and models which align with financial and organization objectives and incentivizes physician efficiency and performance.
- Supervises the implementation of physician comp plans.
- Works in conjunction with executive management, legal counsel, and human resources to develop new agreements and make needed revisions to existing agreements.
- May serve as a representative on all group compensation committees to provide committee support and mentorship.
- Maintains the database of all existing agreements and is responsible for handling communication of all changes with financial and / or budgetary impact.
- Handle payments made to contracted physicians as outlined in individual physician contracts.
- Responsible for managing monthly charge backs made related to medical director, administrative, and other duties that may be performed by employed physicians.
- Performs financial modeling, conducts internal valuations and assessments, and / or acquires external valuations for each agreement to ensure compliance with policies and regulatory requirements.
- Serves as communication liaison with Medical Network Leadership, Business Development, Recruiting, and Finance departments, as well as Medical Network Human Resources and Payroll departments.
- Manages scheduled changes to compensation as indicated in each Employment Agreement (i.e. base rate changes, transitions from guaranteed compensation periods, changes to stipends, incentives, etc.). Ensures that systems are in place to allow for timely notification of these issues.
- Works closely with physician recruitment and leadership to ensure compensation programs are market competitive. Ensures that programs are modified as needed due to competitive market criteria and / or changes in business strategy.
- Coordinates audits of salary changes within each specialty to ensure conformance with established guidelines and procedures.
- Manages the Physician Payroll process to include oversight over ADP and other third-party HR / Payroll vendors such as MMC and Trinet.
- Ensures staff is maintaining and updating HR / Payroll records, processing bi-weekly and ad-hoc payrolls, routine and ad-hoc reporting of payroll data, preparing year-end adjustment payrolls, coordinating input of benefits-related data, government reporting, development of payroll processes and policies following all applicable federal, state, and local laws and ordinances, and other relevant payroll duties as assigned.
Learn more about the general tasks related to this opportunity below, as well as required skills.
Qualifications Education :
Bachelor's degree in Healthcare, Business Administration, or related field required. Master's degree preferred.
Experience :
Five (5) years of Healthcare Finance and physician compensation required.
About Us Cedars-Sinai is a leader in providing high-quality healthcare encompassing primary care, specialized medicine, and research. Since 1902, Cedars-Sinai has evolved to meet the needs of one of the most diverse regions in the nation, setting standards in quality and innovative patient care, research, teaching, and community service. Today, Cedars-Sinai is known for its national leadership in transforming healthcare for the benefit of patients. Cedars-Sinai impacts the future of healthcare by developing new approaches to treatment and educating tomorrow's health professionals. Additionally, Cedars-Sinai demonstrates a commitment to the community through programs that improve the health of its most vulnerable residents.
About the Team With a growing number of primary urgent and specialty care locations across Southern California, Cedars-Sinai’s medical network serves people near where they live. Delivering coordinated, compassionate healthcare, you can join our network of clinicians and physicians to improve the healthcare people throughout Los Angeles and beyond.
Req ID : 4048
Working Title : Manager, Physician Compensation - Physician Compensation
Department : MNS Accounting
Business Entity : Cedars-Sinai Medical Center
Job Category : Human Resources
Job Specialty : Compensation
Overtime Status : EXEMPT
Primary Shift : Day
Shift Duration : 8 hour
Base Pay : $54.57 - $90.04
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Salary : $55 - $90
