Senior Physician Compensation Analyst

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Overview

Sanford Health is recognized as one of the largest and fastest-growing not-for-profit health systems in the United States. With a vast network that employs nearly 50,000 members within the Sanford Family, the organization is committed to health and healing across its expansive geographical footprint. This is an exciting time to join an organization that prides itself on providing exceptional development and advancement opportunities to its employees.

Position Information

The job opening for the Senior Physician Compensation Analyst entails critical responsibilities surrounding the analysis of physician, advanced practice provider, and executive leadership compensation and benefits packages. The role operates within a structured framework requiring analytical proficiency and a deep understanding of compensation methodologies.

Work Shift: Day (United States of America)
Scheduled Weekly Hours: 40
Salary Range: $32.50 - $52.00
Union Position: No

The full-time position offers an engaging environment where the analyst will take charge of data collection and entry. Moreover, the role encompasses the organization and execution of compensation analysis related to financial reporting, budgeting, and market surveys, thus contributing to the organization's overarching strategic objectives.

Key Responsibilities

The Senior Physician Compensation Analyst role involves several key responsibilities:

• Analyze risks and benefits of various compensation approaches, present findings, and facilitate decision-making for resolutions.
• Support financial reporting with regards to physician, advanced practice providers, and executive compensation.
• Prepare various statistical reports and maintain precise financial records.
• Ensure accurate tracking of productivity among providers and make necessary modifications to compensation plans when needed.
• Develop workflows, audits, and reports related to compensation surveys and market data.
• Manage the coordination, documentation, and analysis of provider productivity and compensation, always aligning with strategic initiatives at the enterprise level.
• Utilize quantitative and qualitative methods to analyze healthcare and financial data, ensuring a high level of quality is maintained within compensation programs.
• Provide education and training to staff, reinforcing a culture of excellence within the department.
• Engage in effective communication across all levels of the organization, demonstrating strong public relations and time management skills.

Required Skills

For prospective candidates, several crucial skills and qualifications are necessary to excel in this role:

• Education: A Bachelor’s degree is required, preferably in fields such as accounting, finance, or healthcare administration. Candidates without a degree may be considered if they possess at least six years of equivalent work experience.
• Experience: At least two years of experience specifically in physician compensation analysis is essential.
• Communication Skills: Ability to demonstrate exceptional written and oral communication skills, adapting styles based on the audience to convey complex information effectively.
• Technical Skills: Proficiency in relevant computer software and tools associated with compensation programs is required, alongside high personal and professional commitments to quality assurance.

Salary and Benefits

The salary range for this position is set between $32.50 and $52.00 per hour. This generous compensation reflects the significance of the responsibilities associated with the role as well as the expected level of expertise. Furthermore, working with Sanford Health provides an opportunity to engage with a leading employer that supports a diverse set of communities through its services, highlighting its commitment to equal employment opportunity practices.

Location

This position is primarily based in the United States, but as indicated by the title, it is potentially a remote role, offering flexibility in terms of work location. Those seeking to balance personal and professional commitments will likely find this appealing.

Additional Information

The role emphasizes independence while instilling a sense of accountability to the overall mission of Sanford Health. Individuals selected for this position can expect ongoing support through comprehensive training and development pathways, ensuring they are well-equipped to succeed in their roles. Sanford Health is committed to a culture of diversity and inclusion, advocating for equal employment opportunities for all candidates.

If you are looking for a meaningful career that not only enriches your professional journey but also contributes to the betterment of community health, consider applying for the Senior Physician Compensation Analyst position at Sanford Health. Their commitment to advancing healthcare and enhancing employee growth makes them an employer of choice in the healthcare sector.

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