Provider Compensation Manager Penn Medicine - 3.9 Bala-Cynwyd, PA Job Details 1 day ago Benefits Tuition reimbursement Qualifications Bachelor's degree Full Job Description Description Penn Medicine is dedicated to our tripartite mission of providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. Working for this leading academic medical center means collaboration with top clinical, technical and business professionals across all disciplines. Today at Penn Medicine, someone will make a breakthrough. Someone will heal a heart, deliver hopeful news, and give comfort and reassurance. Our employees shape our future each day. Are you living your life's work?

Entity:

Clinical Care Associates Department:

PMMG Physician Services Location:

150

Monument Road Hours:

Remote Summary:

The Provider Compensation Manager leads a team of compensation and financial professionals to support Penn Medicine Medical Group (PMMG) physician and advanced practice provider compensation across the regional practices. Reporting to the Director of Physician Compensation, will work collaboratively with various senior level stakeholders to manage all processes and protocols surrounding provider compensation.

Responsibilities include:

periodic compensation reconciliation and incentive plan management; performing accurate and timely analysis of complex provider compensation; with reviewing survey data, establish appropriate provider compensation levels; managing process in which physicians transition to productivity compensation plan; effective communication and consultation with new and existing physicians regarding compensation models; managing the communication process for annual physician compensation changes; manage audits to maintain data integrity and compliance to physician contract terms.

Accountabilities:

Manages provider compensation department to ensure compensation analysts are fully trained and knowledgeable regarding compensation plans and processes for accurate calculations and reconciliations for timely payroll and HR rate adjustments. Leads the process for physicians moving to productivity-based compensation models and other compensation model adjustments. Establishes appropriate compensation measurements/metrics to monitor performance and variances which could include the measurement of visits, procedures, wRVUs, charges and collections. Performs incentive reconciliation for all providers (physicians and Advanced Practice Providers (APPs)) and base compensation reconciliation/reset for all physicians. Manages CUV/conversion factor re-set process, including meeting with Senior Leadership and communicating with physicians. Manages process with Corporate Payroll for payment of annual incentives and base pay rate changes for physicians and incentives for APPs. Accountable for all budget processes for physician compensation. Monitors and analyzes trends related to provider compensation costs and related forecasts and budgets. Maintains monthly physician incentive accruals for financial reporting. Provides expert guidance to physician recruitment team on development of appropriate offers, using multi-year compensation and productivity projections. Educates physicians on compensation models. Analyzes trends and projects future productivity. Collaborates with PMMG Leadership, physicians, Directors of Operations, and Legal to ensure amendments to employment agreements are completed when necessary. Acts as a consultant to negotiate compensation contract terms and conditions to achieve beneficial outcomes for the provider and PMMG. Serves as the primary contact for physician and APP payroll questions and issues. Collaborates with HRIS, IS, Corporate Payroll, and Practice Leadership to ensure physicians are paid correctly. Troubleshoots issues as they arise for timely resolution. Performs duties in accordance with Penn Medicine and entity values, policies, and procedures Other duties as assigned to support the unit, department, entity, and health system organization

Education/Experience:

Bachelor's degree in Business, Healthcare Management, or a related field required; Master's degree preferred. Minimum of 5 years of experience performing complex financial and data analysis. Experience with physician compensation models is strongly preferred. We believe that the best care for our patients starts with the best care for our employees. 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. Penn Medicine employees are actively engaged and committed to our mission. Together we will continue to make medical advances that help people live longer, healthier lives. Live Your Life's Work We are an Equal Opportunity employer. Candidates are considered for employment without regard to race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, familial status, genetic information, domestic or sexual violence victim status, citizenship status, military status, status as a protected veteran or any other status protected by applicable law.