Provider Compensation and Contracts Business Partner

Provider Compensation and Contracts Business Partner

POSITION DESCRIPTION :

Performs financial analysis of compensation arrangements for IHA providers, and / or its affiliates. Areas of focus will include market research on provider compensation rates and trends, performing detailed valuation analyses, excel-based modeling and quarterly reconciliation calculations, and project management. Position will serve as a liaison between the Provider Compensation team and the Payroll Department, assisting with payroll grids, calculating monthly compensation payments related to Letters of Understanding, preparation of compensation profiles for providers as needed and biweekly review of provider compensation payroll data provided by Practice Managers and other key personnel. Responsibilities include ongoing communication of compensation related issues, reconciliations, and other key findings to members of the Operational and Administrative Leadership teams.

Responsibilities may include review of other compensation staff’s work on Specialty Provider models data to assist the Provider Compensation Manager.

Additionally, performs administrative responsibilities within IHA to non-Finance operational teams in drafting, interpreting practice specific financial data for inclusion in LOUs, coordinating reviews, obtaining sign-offs and other duties associated with the LOU process.

ESSENTIAL JOB FUNCTIONS :

• Responsible for the accurate compilation and analysis of the quarterly Specialty Provider Model calculations; accumulates all necessary data required by the compensation models and for thorough analysis of the results.
• Prepares required documents and reports to support an accurate and timely compensation models and analysis to include preparation of quarterly overheads, Relative Value Units (RVUs), monthly productivity reports and IHA payroll reports.
• Assists Provider Compensation Manager in detail review of other Provider Compensation team members’ work related to the quarterly Provider Model calculations.
• Assists the Finance Revenue Team in gathering pertinent compensation information related to Letters of Understanding (LOUs) between IHA and Trinity Health Ann Arbor Hospital. Responsibilities include determination of compensation arrangement set up in payroll. (biweekly verses direct pass through process) and monthly preparation of compensation payment data for LOUs for payroll processing.
• Serves as liaison between the Provider Compensation team and the Payroll Department. Aids Payroll staff in implementation of payroll grid set ups, assist with ADP inquiries, preparation of Provider compensation profiles and other tasks as assigned.
• Serves as Compensation Team Point for review of biweekly payroll data submitted from Practice Managers (Hospitalist, GME, etc.) and other key personnel.
• Gathers requested data, analyzes, models and prepares reports as requested by Operational Staff to support effective practice decisions on office staffing levels and provider compensation.
• Responds to provider or office leadership questions regarding quarterly provider compensation results; researches questions or issues regarding compensation calculations or determination of compensation amount; communicates back with responses to questions in a timely manner.
• Provides support for quarterly Primary Care Compensation analysis calculations; prepares required documents and reports to support an accurate and timely compensation model and analysis to include preparation of quarterly overhead costs, Relative Value Units (RVUs), monthly productivity reports and IHA payroll reports.
• Coordinates with hospital Medical Leadership and counsel to draft and execute each LOU in compliance with standard policy.
• Assists in developing term sheets for each LOU.
• Maintains filing for all executed LOU's.
• Assists in maintaining master inventory list of agreements.
• Assists the finance team with general ledger support and other duties, as necessary.
• Performs other duties as assigned.

ORGANIZATIONAL EXPECTATIONS :

MEASURED BY :

Performance that meets or exceeds IHA CARES Values expectation as outlined in IHA Performance Review document, relative to position.

ESSENTIAL QUALIFICATIONS :

EDUCATION : Bachelor’s degree in relevant subject matter required.

CREDENTIALS / LICENSURE : Certified Compensation Professional or similar designation preferred.

MINIMUM EXPERIENCE : 5 years of related Provider compensation experience required. Prior experience in provider compensation, contracts, accounting and payroll preferred.

POSITION REQUIREMENTS (ABILITIES & SKILLS) :

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