What are the responsibilities and job description for the Compensation Analyst position at InterMed, P.A.?
Job Details
Description
CORE RESPONSIBILITIES:
- Collaborate with CFO to provide thought leadership and perspective towards optimal Medical Staff and Advanced Practice Clinician compensation agreements and plans.
- Lead and perform all calculations associated with both shareholder, non-shareholder Medical Staffs, and Advanced Practice Clinician employment agreement and compensation plans and submit to payroll timely and accurately.
- Conduct calculations related to Medical Staff and Advanced Practice Clinician productivity and performance compensation incentives.
- Assure that all compensation policies are fulfilled, and that associated documentation is maintained in an orderly way.
- Utilizing multiple survey instruments and accepted methodology, performs annual fair-market-valuation on all Medical Staffs and Advanced Practice Clinicians.
- Annually updates and forecasts selected data from multiple survey instruments on Medical Staff and Advanced Practice Clinician compensation, productivity, empanelment, and net patient service revenue.
- Collaborate with Benefits Administrator for leaves of absence and to effect necessary changes to Medical Staff and Advanced Practice Clinician compensation.
- Collaborate with Business Intelligence to develop and streamline Medical Staff and Advanced Practice Clinician productivity and performance compensation dashboards.
- Suggest to CFO and Director, workflow and process improvements that enhance timely transparency and access of information to Medical Staffs and Advanced Practice Clinicians.
- Maintain and demonstrate knowledge and understanding of patient privacy rights under HIPAA guidelines.
- Maintains strict confidentiality in alignment with HIPAA (Health Insurance Portability and Accountability) guidelines and InterMed policies.
- Perform other duties to support the mission, vision and values of InterMed.
MISSION AND VALUES:
- Follows InterMed’s mission to provide patient-centered primary care, putting the patient first to deliver high quality, high value care.
- Provide the highest quality care to our patients with a level of service that exceeds their expectations.
- Maintain a positive attitude and always treat our patients and each other with dignity and respect.
- Insist on honesty and integrity from each other and our business partners.
- Make teamwork a core component of our relationships between Medical Staffs, staff, and patients.
- Embrace change to better serve our patients.
- Use business practices that feature individual accountability and group responsibility to ensure delivery of high value healthcare.
- Have fun as we carry out our mission to serve.
KNOWLEDGE, SKILLS, AND ABILITIES:
- Education:
- Bachelor’s degree in accounting, finance, business administration or related field, or combination of degree and relevant experience.
- Experience:
- 2 or more years of Medical Staff compensation experience.
- Excellent attention to detail, accuracy and organization skills.
- Very strong ability to read and understand employment agreements and multiple compensation plans.
- Preferred experience in healthcare and private practice Medical Staff groups.
- High level of integrity and dependability with a sense of urgency and results orientation.
- Very strong communication and interpersonal skills with the ability to develop and maintain effective trust and working relationships.
- Ability to collaborate with colleagues to effectively address the needs of Medical Staffs, Advanced Practice Clinicians and management.
- Demonstrated discretion dealing with confidential information.
InterMed is an equal opportunity workplace and prohibits discrimination or harassment of any kind. We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, gender identity and/or expression, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable federal, state or local law.