[Hiring] Provider Compensation Analyst @Medrina

Role Description

The Provider Compensation Analyst is responsible for analyzing, tracking, calculating, and reconciling compensation for Medrina's medical providers nationwide, including W-2 employees and 1099 independent contractors. Working under the direction of the Director of Provider Compensation, the Analyst ensures every provider is paid accurately and on time in accordance with their agreement, and serves as a knowledgeable, responsive point of contact for providers with questions about their pay. Beyond each pay cycle, the Analyst turns compensation data into insight. The role reconciles provider payroll, supports month-end reporting and budgeting, identifies discrepancies and the issues behind them, and prepares analysis that helps leadership make sound compensation decisions. The Analyst partners closely with Payroll, Human Resources, Recruiting, Accounting, Revenue Cycle Management, and Operations.

• Compensation Calculation and Payment Administration:
  • Track and calculate compensation for medical providers (W-2 employees and 1099 contractors) based on their contracts and agreements.
  • Ensure pay is issued to providers timely and accurately and escalate unusual requests to VP and Director of Provider Compensation for approval.
  • Collaborate with the Accounting team to coordinate additional compensation such as medical director pay, stipends, and other contract-based payments handled by the accounting team.
  • Run year-end calculations and quarterly true-ups.
• Compensation Data, Systems and Reconciliation:
  • Maintain an accurate provider compensation database, run the compensation software, and build and maintain dashboards.
  • Manage month-end compensation and payroll reporting and reconciliations.
• Analytics and Reporting:
  • Use data analytics tools to identify trends and variances in provider productivity, work RVUs (wRVUs), collections, charges, encounters, incentive or quality goals, and compensation data.
  • Report on key performance indicators (KPIs) related to provider compensation.
  • Provide insights and recommendations based on compensation analysis to support decision-making.
  • Prepare and present reports on compensation trends and analysis to senior management.
• Provider Relations and Support:
  • Serve as the primary point of contact for assigned providers on compensation questions: to explain how pay is calculated under their agreements, research and resolve discrepancies, and track inquiries to resolution.
  • Escalate complex or sensitive issues to the Director of Provider Compensation.
  • Prepare and distribute periodic compensation and productivity statements to providers and help educate providers and practice leaders on compensation plans and reporting.
  • Provide analytical support for provider questions about revenue, learning to identify the issues driving poor collections and responding to provider questions and concerns on time.
• Cross-Functional Collaboration and Other Duties:
  • Work with physician recruitment, Legal and HR to make sure contract terms are followed, and with Payroll, Accounting and Operations to deliver pay to providers accurately and on time.
  • Provide backup for other payrolls when needed and help with other projects and tasks assigned by the manager.

Qualifications

• Bachelor's degree in Finance, HR, Business Administration, or a related field.
• Minimum 2–3 years of experience working specifically within a healthcare finance, revenue cycle, or hospital system.
• Minimum of 2 years’ experience calculating medical providers’ compensation with knowledge of work RVUs and CPT coding.
• Minimum of 2 years’ experience communicating with medical providers. Comfortable speaking with providers about their compensation and issues.
• Strong data analytics skills with proven experience manipulating large datasets.
• Proficiency in Microsoft Office with the ability to learn new technologies.
• Proficiency with compensation management software and HRIS.
• Knowledge of healthcare industry metrics and KPIs (such as wRVUs, collections-based models, and shift-rate structures).
• Great attitude and willingness to work with others professionally in a remote setting.
• Ability to travel occasionally as required for training and meetings.

Requirements

• This is a full-time remote, work-from-home position, primarily working during standard business hours handling sensitive and confidential information. Work must be performed in a private and secure setting requiring reliable internet and phone connectivity.
• Ability to communicate via virtual/online meetings daily with a camera on as well as being responsive in a timely manner during work hours via email, MS Teams, and phone.
• Ability to travel quarterly for training, meetings, and on-site visits.
• Ability to sit, stand, and walk for extended periods, and lift up to 25 pounds.