Note: The job is a remote job and is open to candidates in USA. Penn Medicine is dedicated to providing high-quality care, conducting innovative research, and educating future leaders in medicine. The Financial Analyst for Provider Compensation will support the Provider Compensation and Contracting Manager and collaborate with stakeholders to provide data analytics and communication support regarding provider compensation initiatives.
Responsibilities
- Reviews bi-weekly payroll submissions for additional compensation paid to physicians and APPs
- Provides analytical support during the annual incentive reconciliation process for all providers (physicians and Advanced Practice Providers (APPs)), base compensation reconciliation/reset for all physicians and CUV/conversion factor reset process
- Serves as contact for physician and APP payroll questions and issues. Collaborates with HRIS, IS, Corporate Payroll, and Practice Leadership to ensure physicians are paid correctly. Escalates issues as needed for timely resolution
- Develops multi-year compensation and productivity projections speaks with physician candidates to provide details on compensation models as needed
- Provides education and consultation to newly hired physicians regarding PSP/PPC provider compensation models as needed. Analyzes trends and projects future productivity
- Provides analytical support to the process of projecting physician movement into productivity-based compensation models assists in ensuring amendments to employment agreements are completed when necessary
- Analyzes productivity of new physicians and alerts Manager if concerning trends develop
- Provides analytical support to monthly incentive accruals, RVU reporting, and annual budget process as it relates to provider compensation
Skills
- Bachelor's Degree in Finance, Accounting or Mathematics (Required)
- 2+ years Experience with complex financial and data analytics (Required)
- Strong quantitative and analytical abilities
- Demonstrated interpersonal/verbal communication skills
- Ability to discuss compensation concepts in a clear and concise manner
- Ability to use Microsoft Power Point
- Ability to use Microsoft Word
- Advanced Microsoft Excel skills
- Excellent problem solving and critical thinking skills
Benefits
- Our employee benefits programs help our employees get healthy and stay healthy.
- We offer a comprehensive compensation and benefits program that includes one of the finest prepaid tuition assistance programs in the region.
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