Physician Compensation Analyst

Bayhealth; Dover (DE); On-site; USD 82,950 - 128,564; Full time

Benefits offered by this job

Paid Time Off

401(k) matching

Health, Dental, and Vision insurance

Disability and Life Insurance

On Site Child Care

Educational Reimbursement

FSA and Dependent Care

Voluntary Benefits

Job summary

Bayhealth in Dover, DE is seeking a Physician Compensation Analyst to conduct data collection and analysis for the physician base salary program. This role ensures physicians are paid accurately and on time, and that contracts are precise and fair, while supporting monthly compensation calculations and data integrity of production reporting.

The position involves analyzing compensation survey data, reviewing CMS RVU assignments and quality metrics, drafting offer letters and amendments, and

Qualifications

• Bachelor degree in Accounting or related field.
• Five years healthcare experience relating to physician compensation.
• Experience with CMS RVU production and compensation surveys.
• Strong Excel/Access and reporting skills.

Responsibilities

• Drafts physician contracts based on specialty and business model.
• Monitors and renews physician contracts before expiration to maintain relationships.
• Prepares annual compensation survey submissions and analyzes results.
• Validates quality metrics and bonus criteria; updates compensation formulas.
• Ensures regulatory compliance and documentation of pay plans.

Skills

Analytical skills

Attention to detail

Communication

Education

Bachelor Degree Accounting; Bachelor's degree in Human Resources, Finance, Business, or Healthcare related field

Master Degree Business Administration

Tools

Microsoft Excel

Microsoft Access

Analysis tools

Job description

Location: Human Resources Building

Status: Full Time 80 Hours

Shift: Days

Salary Range: 82,950.40 - 128,564.80 Yearly

Benefits

• Generous Paid Time Off and Paid Holidays
• Matching 401(k)/403(b) Plans
• Excellent Health, Dental, and Vision
• Disability and Life Insurance options
• On Site Child Care
• Educational Reimbursement
• Health Care and Dependent Care Flex Spending Accounts
• Plus, an array of Voluntary Benefits to include Critical Care Coverage and more!

General Summary

The Physician Compensation Analyst conducts data collection and analysis involved in making recommendations regarding physician base salary program. Ensures physicians are paid in a timely and accurate manner and physician contracts are precise and consistent. Recommends program and system solutions to address changing needs. Performs a variety of project oriented tasks and supports the routine monthly physician compensation calculations and data integrity of production reporting. Projects include the submission and analysis of compensation survey data used as the basis for physician compensation; review of appropriate RVU (relative value unit) assignment; review of quality metrics and conversion factors; and researching and responding to physician and management queries regarding physician compensation and production. Draft and document any changes in the Physician Offer Letter and/or Physician Amendment letter as well as track all budgetary related items.

Responsibilities

• Drafts physician contracts based on the area of specialty and the predetermined business model. Ensures consistency and fairness based on regulations and fair market value.
• Monitors and maintains physician contract renewals in advance of the expiration date to properly renew and/or extend relationships.
• Monitors and maintains physician mid cycle contract reviews.
• Prepares and submits annual compensation survey data to national survey vendors; reviews survey results and prepares summaries of that data to meet current compensation formula and management needs. Responsible for evaluating market and economic trends; identifying variances and developing recommendations; analyzing costs of proposed recommendations.
• Updates compensation formulas and/or develops compensation formulas and modeling based on management direction.
• Prepares and reviews the monthly accounting entries and annual/mid-year physician compensation calculations.
• Assists the organization with the preparation of the annual budget related to physician compensation and benefits by preparing subsidiary schedules and analyzing data for reasonability compared to current expenses and known changes.
• Validates physician quality and metric statistics and any applicable bonus criteria.
• Analyzes the impact of annual changes to the CMS RVU tables impacting physician compensation and summarizes any major changes for Finance to share with the Physician Compensation Committee.
• Utilizes Microsoft Excel, Access and analysis services reporting tools to review and analyze production data to ensure accurate physician reporting and respond to physician and management inquiries.
• Serves as a professional resource and provides consultative services and guidance.
• Maintains documentation on all pay plans in an organized system.
• Ensures regulatory compliance with all programs, contracts, and policies.
• May be cross‑trained to provide support and back‑up for staff and leadership compensation processes.
• All other duties and special projects as assigned within the scope and range of job responsibilities.

Required Education, Credential(s) and Experience

• Education: Bachelor Degree Accounting; Bachelor's degree in Human Resources, Finance, Business, or Healthcare related field
• Credential(s):
• Experience: Five (5) years of relevant healthcare experience relating to physician compensation, human resources/payroll areas, finance, or government regulations.

Preferred

Experience in healthcare industry accounting, reporting, or billing. Familiarity with CPT codes, CMS Relative Value Units (RVU) production reporting, and Fair Market Value analysis.

Preferred Education, Credential(s) and Experience

• Education: Master Degree Business Administration
• Credential(s):
• Experience: