Provider Compensation Specialist

Department: 16001022 Comp COE
Shift: Day (United States of America)
Hours: 40
Contract: Non-Union
Weekend Rotation: None
Job Profile Summary: Provides guidance to internal Human Resources partners and operational leadership in the development and maintenance of Provider Compensation plans to ensure compliance with regulatory guidelines and organizational policies. Works to ensure assigned compensation plans support the organization’s strategic objectives. Supports the compensation function’s data and analysis capabilities by participating in multiple salary surveys and performing market analysis.
Job Description:

Principle Responsibilities

• Manages all phases of the salary survey process, including participation in provider salary and productivity surveys, responding to routine survey vendor requests, and analysis of returned survey data.
  • Conducts department audits for both employed and contracted providers and/or provider groups to ensure providers are compensated according to the terms of their compensation plan.
  • May build and maintain compensation department standard reporting, dashboards and metrics to monitor compensation programs.
  • Participates in projects relating to compensation plan design and/or compensation as defined in an agreement with a contracted provider or provider group.
  • May serve as compensation partner for assigned client group(s) to provide data, answer questions and respond to requests.
  • Consults with assigned client group(s) to conduct specialty analysis.
  • Conducts specialty evaluations and formulates recommendations for appropriate market range using market data.
  • Participates in the annual market review of compensation plans.
  • Analyzes compiled benchmark data and makes recommendations based on market findings.
  • Provides overall departmental support to the annual benchmarking process.

• Other duties as assigned.

Required Qualifications

• Bachelor's degree in Business Administration, Finance, Economics, Statistics or Human Resources
• 2 to 5 years of experience in compensation, medical practice operations or analytics

Preferred Qualifications

• 2 to 5 years Provider compensation experience

Physical Demands
Sedentary:
Lifting weight Up to 10 lbs. occasionally, negligible weight frequently

Additional Job Description:

• 40 hours per week
• Day shifts
• No weekends
• Primarily remote position
• Benefit Eligible