Physician Compensation analyst, UCM Care Network, Full Time - Days

Hunt; Burr Ridge (IL); Hybrid; USD 100,000 - 125,000; Full time

Job summary

An established industry player is seeking a detail-oriented Physician Compensation Analyst to join their team. This role offers a flexible work-from-home opportunity while requiring occasional onsite presence. You will be responsible for managing and analyzing physician compensation models, ensuring alignment with Fair Market Value guidelines and organizational equity standards. Your analytical skills will be crucial in creating productivity reports and performance dashboards, providing insights for decision-making. If you have a strong background in compensation administration and are passionate about optimizing healthcare finance, this position is a perfect fit for you.

Qualifications

• 5+ years of experience in compensation administration including incentive design.
• Bachelor's degree in Business, Finance, or Accounting is required.

Responsibilities

• Administer and evaluate physician compensation models ensuring compliance with FMV guidelines.
• Conduct market research to keep compensation models competitive and aligned with performance standards.

Skills

Analytical Ability

Compensation Administration

Incentive Design

Market Research

Education

Bachelor’s Degree in Business

Bachelor’s Degree in Finance

Bachelor’s Degree in Accounting

Tools

Financial Modeling

Data Analytics

Budgeting

Forecasting

Job description

Job Description

Join UChicago Medicine Care Network as a Physician Compensation Analyst, UCM Care Network in the Burr Ridge, IL location. This position will be primarily a work from home opportunity with the requirement to come onsite as needed. You may be based outside of the greater Chicagoland area.

Responsible for administration, analysis, and evaluation of physician compensation models. This position ensures compensation structures align with Fair Market Value (FMV) guidelines, organizational equity standards, and performance objectives.

Essential Job Functions

• Maintain, and administer compensation models for employed physicians, ensuring alignment with FMV guidelines and organizational equity standards.
• Create and distribute productivity reports and performance dashboards to providers and departmental leadership, offering insights for informed decision-making and performance optimization.
• Manage processes for annual salary resets, bi-weekly physician payroll, starting salary evaluations, new hire payroll set up, and coordinate provider contracting to ensure competitive and compliant compensation practices.
• Conduct market research and analyze industry-specific trends to ensure compensation models are competitive, sustainable, and aligned with corporate performance standards.
• Monitor and evaluate the structural performance of compensation models, ensuring compliance with legal and regulatory requirements while identifying opportunities for process improvement.

Required Qualifications

• Bachelor’s Degree in Business, Finance or Accounting or other related field.
• High level of analytical ability. Must be able to handle multiple priority projects effectively and efficiently.
• Minimum five (5) years of professional experience in compensation administration to include incentive design.

Preferred Qualifications

• Advanced proficiency in financial modeling, budgeting, forecasting, and data analytics.
• Strong knowledge of healthcare finance, including physician compensation, revenue cycle management, reimbursement methodologies, and cost accounting.

Position Details

• Job Type/FTE: Full Time (1.0 FTE)
• Shift: Days
• Work Location: Flexible Remote/ Burr Ridge, IL (Onsite days will be Tues/Wed/Thur)
• Unit/ Department: CMG Administration
• CBA Code: Non-Union