Provider Enterprise Analytics & Compensation Analyst

The MetroHealth System (Cleveland, OH); Cleveland (OH); On-site; USD 85,000 - 110,000; Full time

Job summary

The MetroHealth System in Cleveland is seeking a Physician Compensation Analyst to participate in evaluating, enhancing and developing compensation strategies and models that align with organizational goals. You will provide analytic and reporting support for the administration of the physician compensation program, and assist with annual operating and capital budgets and cost controls.

The role emphasizes maintaining dashboards, monthly productivity tracking, and ensuring budget objectives and

Qualifications

• Participates in the ongoing evaluation, enhancement and development of physician compensation strategies and models which align with The MetroHealth System organizational goals and financial objectives, and incentivizes physician productivity by:
• Analyzing and monitors the effectiveness of existing compensation plans, policies, and administrative procedures.
• Evaluating and analyzing physician market data to ensure market competitiveness.
• Assisting with the development of base salaries for new providers.
• Creating and reviewing corresponding new hire provider offer letters.
• Determining appropriate incentive structure.
• Provides analytic and reporting support for the administration of all components of the physician compensation program by:
• Maintaining and reviewing the overall CART of providers, incorporating site level reporting.
• Developing and maintaining physician database incorporating physician productivity and demographic information.
• Tracking the monthly productivity and site reporting of the providers and creating monthly trends and associated costs.
• Updating dashboard with related statistics and producing monthly (or as needed) management reports. Implements and maintains systems and procedures necessary for an effective reporting and analysis of all components of the physician compensation plan.
• Reviewing incentive accruals on monthly basis, identifying variances.
• Calculating annual, quarterly or off-schedule incentives.
• Updating and maintaining compensation database.
• Preparing quarterly and annual statements to departments and physicians.
• In support of efforts to achieve budget objectives, maximize financial resources, and improve overall financial performance for the provider enterprise, executes accountabilities including but not limited to:
• Preparing an annual operating and capital budget in collaboration with appropriate personnel.
• Maintaining current reports relative to staffing levels, salary levels and incentive calculations.
• Preparing monthly revenue and expense reports and written financial analyses as required.
• Establish cost accounting and utilization procedures and systems in conjunction with financial and medical operations management.
• Performing cost, volume and productivity analyses.
• Compiling statistics and developing operational reports.
• Developing ad hoc reporting to facilitate departmental analysis and to satisfy the information requirements of users.
• Developing, implementing, enhancing, and maintaining systems and processes for electronically distributing and receiving statistical information.
• Develops and maintains monthly financial, workforce, and statistical analyses including:
• Developing and maintaining monthly analyses of institutional and administrative functions, interacting with department directors as needed.
• Developing and maintaining special analyses to assist in reviewing fiscal performance at the institutional level and for key operational functions.
• Preparing long range forecasts and financial feasibility analysis of existing and/or proposed services/programs.
• Develops appropriate financial models for specific projects.
• Incorporates principles of teamwork with all organizational levels in the resolution, completion and follow-up of various responsibilities.
• Keeps current with trends, developments and practices by actively pursuing career development opportunities through advanced degrees/certifications, participating in internal/external continuing education courses, professional organizations and seminars; reading current literature and maintaining professional contacts in the community and with various healthcare society memberships.

Skills

Compensation analysis

Market data analysis

Budget development

Financial reporting

Dashboard reporting

Cost accounting

Financial modeling

Provider productivity

Collaboration

Job description

The MetroHealth System in Cleveland is seeking a Physician Compensation Analyst to participate in evaluating, enhancing and developing compensation strategies and models that align with organizational goals. You will provide analytic and reporting support for the administration of the physician compensation program, and assist with annual operating and capital budgets and cost controls.

The role emphasizes maintaining dashboards, monthly productivity tracking, and ensuring budget objectives and