Physician Compensation Manager

Plaza 3-Sioux Falls

Worker Type:

Regular

Work Shift:

Day Shift (United States of America)

Pay Range:

The pay range for this position is listed below. Actual pay rate dependent upon experience.

$73,840.00 - $111,800.00

Position Highlights

You Belong at Avera

Be part of a multidisciplinary team built with compassion and the goal of Moving Health Forward for you and our patients. Work where you matter.

A Brief Overview

Provides support to Clinic Operations by maintaining physician income distribution formula spreadsheets and calculating thresholds. Provides advice and recommendations on physician contract terms, offers and amendment language. Responsible for providing reliable practice management information to Avera Medical Group administration. Responsible for supporting Avera Medical Group administration as they collaborate with providers, partners, and site managers. Responsible for providing a high level of expertise in the areas of 3rd party reimbursement for physician services, clinic business planning, and analysis of physician production results. Also assists in the budget process and reporting.

What you will do

• Develops and maintains Income Distribution Formula (IDF) spreadsheets, utilizing Microsoft Excel for clinic network providers, including calculation of compensation/production thresholds. Formalizes contract terms into IDF spreadsheets.
• Ensures data integrity of production data for entry into IDF spreadsheets. Verifies completeness and accuracy of data.
• Responsible to ensure physician IDF payments are made in accordance with contract terms.
• Advises physician recruitment department and practice administrators on physician contract terms and amendment language. Provides recommendations on contract language and provider offers.
• Collaborate with leadership to ensure compensation models are competitive, cost effective, drive and reward a high-performance culture and are aligned with Avera’s current and future strategic direction.
• Creates and distributes personnel action forms (PAFs) by calculating new base compensation/thresholds PAFs, bonus PAFs, ER compensation and shift PAFs.
• Consults and supports administration in key product line and clinic planning. Compiles data and statistical information: develops reports and special projects as delegated by the leadership. Analyzes and interprets the data and statistical information for practice administrators.
• Directly supports Chief Administrative officer (CAO) of AMG and practice administrators. Assures that CAO and practice administrators have concise practice management information in a timely fashion. The representative is accountable for assuring that the information appropriately matches the current business management needs.
• Responsible for maintaining expert knowledge on assigned clinics within AMG and maintaining a working knowledge of all medical specialties. Responsible for maintaining a working knowledge of all flows, processes, and policies within AMG’s practice management. Provides a high degree of knowledge in the areas of medical economics, national clinic productivity trends, and reimbursement.
• Calculates program break-even levels and provides capital project payback analysis upon request. Advises practice administrators and leadership on financial viability of projects and provide recommendations.

Essential Qualifications

The individual must be able to work the hours specified. To perform this job successfully, an individual must be able to perform each essential job function satisfactorily including having visual acuity adequate to perform position duties and the ability to communicate effectively with others, hear, understand and distinguish speech and other sounds. These requirements and those listed above are representative of the knowledge, skills, and abilities required to perform the essential job functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions, as long as the accommodations do not cause undue hardship to the employer.

Required Education, License/Certification, or Work Experience:

• Bachelor's
• 4-6 years Related experience

Preferred Education, License/Certification, or Work Experience:

• Bachelor's Health Administration, Business Administration, or Accounting

Expectations and Standards

• Commitment to the daily application of Avera’s mission, vision, core values, and social principles to serve patients, their families, and our community.
• Promote Avera’s values of compassion, hospitality, and stewardship.
• Uphold Avera’s standards of Communication, Attitude, Responsiveness, and Engagement (CARE) with enthusiasm and sincerity.
• Maintain confidentiality.
• Work effectively in a team environment, coordinating work flow with other team members and ensuring a productive and efficient environment.
• Comply with safety principles, laws, regulations, and standards associated with, but not limited to, CMS, The Joint Commission, DHHS, and OSHA if applicable.

Benefits You Need & Then Some

Avera is proud to offer a wide range of benefits to qualifying part-time and full-time employees. We support you with opportunities to help live balanced, healthy lives. Benefits are designed to meet needs of today and into the future.

• PTO available day 1 for eligible hires.

• Up to 5% employer matching contribution for retirement

• Career development guided by hands-on training and mentorship

Avera is an Equal Opportunity Employer - Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, Veteran Status, or other categories protected by law. If you are an individual with a disability and would like to request an accommodation for help with your online application, please call 1-605-504-4444 or send an email to talent@avera.org.