MANAGER - PHYSICIAN COMPENSATION

Mercyhealth - Janesville, WI3.6

Full-time | ContractEstimated: $120,000 - $160,000 a year
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JOB SUMMARY

Under the direction of the Director of Finance, manages, oversees and maintains the system-wide physician compensation accounting and reporting system. Manages the activities of the accountants and financial analysts on the finance team and reports back to the Director of Finance. Consults with physicians and executive team on physician compensation and productivity issues. Provides financial support to the clinic operations and financial management departments. Performs other duties as delegated.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Manages Mercyhealth’s compensation system for employed physicians. Ensures that physicians are paid accurately and on a timely basis, in compliance with the physicians’ contracts, relevant HR guidelines, and relevant payroll and tax regulations.
  • Oversees the collection and monthly reporting of physician production and compensation data. Directly supervises staff responsible for developing and maintaining associated systems. Acts as primary point of contact for physicians for questions and concerns related to their compensation. Quickly analyzes data and prepares ad hoc presentations in response to physician queries.
  • Organizes and conducts annual face-to-face meetings with all physicians who receive production-based compensation each, in addition to ad hoc meetings to negotiate pay changes with physicians who are being paid contrary to the terms of their contracts.
  • Assists, directs and prepares pro formas and other analyses to provide the executive team with insight into physician staff additions, startup practices, potential practice acquisitions, efficiency and performance improvement initiatives, and other opportunities to improve the financial performance of the physician group.
  • Directs the accounting for and forgiveness of physician student loans.
  • Negotiates with departed physicians to collect overpayments and student loans.
  • Liaises with external organizations that collect and produce fair market data for physician compensation. Responsible for preparing and submitting the MGMA cost and compensation survey data.
  • Works collaboratively with physician recruiting and the legal department to develop contracts for physician employment, renewal and practice acquisition.
  • Compiles and reports financial data as required by organization and government regulations.
  • With innovative thinking, manages evolution of the physician production reporting system as organizational and industry demands change. This will require continually reassessing the balance between productivity, quality, patient satisfaction, physician market value, and the growing prevalence of “pay for performance” reimbursement program.
  • Works closely with the revenue cycle to ensure revenue cycle capture integrity.
  • Acts as member of the Chargemaster Committee, which is responsible for setting prices for all products and services of the health system and providing insight into how pricing will affect physician compensation.
CULTURE OF EXCELLENCE BEHAVIOR EXPECTATIONS

To perform the job successfully, an individual should demonstrate the following behavior expectations:

Quality - Follows policies and procedures; adapts to and manages changes in the environment; Demonstrates accuracy and thoroughness giving attention to details; Looks for ways to improve and promote quality; Applies feedback to improve performance; Manages time and prioritizes effectively to achieve organizational goals.

Service - Responds promptly to requests for service and assistance; Follows the Mercyhealth Critical Moments of service; Meets commitments; Abides by MH confidentiality and security agreement; Shows respect and sensitivity for cultural differences; and effectively communicates information to partners; Thinks system wide regarding processes and functions.

Partnering - Shows commitment to the Mission of Mercyhealth and Culture of Excellence through all words and actions; Exhibits objectivity and openness to other's views; Demonstrates a high level of participation and engagement in day-to-day work; Gives and welcomes feedback; Generates suggestions for improving work: Embraces teamwork, supports and encourages positive change while giving value to individuals.

Cost - Conserves organization resources; Understands fiscal responsibility; Works within approved budget; Develops and implements cost saving measures; contributes to profits and revenue.

EDUCATION & EXPERIENCE

Bachelor's degree in business administration, accounting, finance or similar four year college degree is required. Prefer a Masters degree in healthcare administration, business administration, or finance; or four to ten years related experience and/or training; or equivalent combination of education and experience.
Minimum 3 years of Health Care Finance: previous administrative experience performing work involving physician compensation, contracting, project management, research and/or data reporting and analysis highly desirable.

ADDITIONAL REQUIREMENTS
Passing the Driver’s License Check and/or Credit Check (for those positions requiring).
Passing the WI Caregiver Background Check and/or IL Health Care Workers Background Check.
Must be able to follow written/oral instructions.

OTHER SKILLS AND ABILITIES
Knowledge of the business and financial aspects of medical foundations and multi-specialty group practice management including plan design of physician compensation and benefits, physician employment agreements and professional service agreements. Solid physician relations experience.

Conflict Resolution Skills
Demonstrates the ability to deescalate tense/or disagreeable situations.

Mathematical Skills
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Language Skills
Ability to read, analyze, and interpret general business periodicals and technical and manuals. Ability to write reports and procedure manuals.

Reasoning Ability
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills
To perform this job successfully, an individual should be familiar with automated accounting systems and be proficient in Excel, Access, and have a solid background in developing reports in SQL-based systems (e.g., Crystal Reports, Microsoft Office SQL Service Management).

WORK ENVIRONMENT
The noise level in the work environment is usually quiet.
Occupational Exposure: Category C - No partners in the specified job classification have occupational exposure.

AGE OF PATIENTS SERVED
Non-Specific Task (N/A)

INFORMATION ACCESS
Partner may access patient care information, financial data, human resource data and strategic and planning data needed to perform their job duties as directed by the director.

WORK CONTACT GROUP
Operational clinic/hospital leadership, executive management, professional and non-professional accounting staff, revenue management leadership and staff, external consultants and actuaries.

SPECIAL PHYSICAL DEMANDS
The Special Physical Demands are considered Essential Job Functions of the position with or without reasonable accommodations. While performing the duties of this job, the employee is regularly required to sit; use hands to operate a keyboard repetitively, talk, and hear. The employee is occasionally required to stand; walk; reach with hands and arms and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and walk/stand occasionally.

LEVEL OF SUPERVISION
Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems; employee adherence to annual education and certification requirements

SUPERVISES
Directly supervises financial analyst and administrative secretary. Indirectly supervises other financial accountants and analysts as needed. Supervisory responsibilities are conducted in accordance with directives of management, the organization's policies, and applicable laws.