Job Description The Provider Compensation Analyst conducts data mining related to national and local compensation for Centra Medical Group's providers. This position completes analysis, calculates compensation options, assists with reports and recommendations, and ensures Centra is competitive and equitable for pay for performance. Responsibilities Collects, analyzes, and interpret market data in order to build and maintain compensation models for physicians and providers that meet business needs as well as recruit and retain provider talent with minimal oversight Implements compensation plans for all new hire recruits in conjunction with Director of Provider Compensation Collaborates with team members and senior leaders to develop term sheets for physicians and Advanced Practice Providers (APPs); provides compensation consultation services, as needed Consults on compensation arrangements and meets with physicians and APPs to present and discuss compensation arrangements as needed Creates multiple compensation projection models for individual providers while conducting sensitivity analyses and reviewing commercial reasonableness, FMV, and business risk considerations Communicates and compiles data as requested by Fair Market Value appraisers/consultants Presents compensation arrangements/offers in weekly committee meetings to senior level leaders Documents and maintains electronic records/files of physician compensation models detailing methodology and explanation of decisions Assists with quality review for all provider term sheets and contracts Updates term sheet benchmarking data on a continuous basis to ensure data is accurate and useful Collaborates with finance, legal, compliance, and other departments to collect, integrate, and disseminate various information relevant to provider compensation Reviews and initiates process improvement projects for consistent innovation and increased efficiency of the department Oversees the collection and submission of market survey data for all providers in conjunction with the Director of Provider Compensation May perform other duties as assigned or requested and job specification can be modified or updated at any time Qualifications Required Education: Bachelors Degree preferably in Business, Business Administration, Economics, Accounting, Finance or Statistics Preferred Education: Completion of or active enrollment in Masters of Degree in Business Administration (MBA) or related Health Care Management Masters Degree Required Experience: At least three (3) years of experience in accounting, compensation, and/or analytics. Highly skilled in Excel demonstrated by using advanced Excel functions. Demonstrates systematic and precise attention to detail and accuracy. Skilled proof-reader. Relentlessly pursues quality and accuracy. Strong abilities in analysis, critical thinking and effectively translate and communicate research and recommendations. Ability to effectively communicate, meet timelines and stay organized on a consistent basis Centra Health
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