Provider Compensation Analyst

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Job Title: Provider Compensation Analyst

Department: Provider Compensation

Location: Riedman Campus

Hours Per Week: 40

Schedule: Monday - Friday; 8am-4:30pm

SUMMARY

This position is a strategic partner within the health system’s enterprise that is responsible for analyzing and effectively administering provider compensation programs.

RESPONSIBILITIES

Serves as a compensation subject matter expert to all stakeholders across the health system in HR, shared services, and service line operations.
Conducts business analysis in partnership with operations, finance, legal, and other HR functional areas to understand business needs and maintain a competitive provider compensation structure.
Designs and maintains spreadsheet cost models to conduct individual, service line, and/or system-wide compensation analysis and makes accurate and timely recommendations to Compensation Leadership.
Partners with talent acquisition and service line operations on offer proposals/contract negotiations.
Acts as a strategic compensation resource for labor spend/pay practice evaluations related to new acquisitions and reorganizations in collaboration with network development and service line operations.
Participates in compensation surveys to collect and analyze competitive salary information relative to internal compensation pay practices.
Responsible for maintaining and updating provider compensation databases.
Administers contract changes and performs audits to ensure data accuracy and integrity.
Responsible for maintaining job leveling and benchmarking of new and existing jobs in adherence with wage compliance guidelines.
Performs other duties as assigned.

REQUIRED QUALIFICATIONS

Bachelor’s degree in business-related field required or an equivalent combination of education and experience.
2+ years of compensation or health care operations experience preferred.

PREFERRED QUALIFICATIONS

Strong professional written and oral communication skill.
Strong critical thinking, quantitative, analytical and problem solving skills.
Proficient use of HCM systems (Workday).
Strong Excel skills.
Healthcare administration background desired.

EDUCATION:

LICENSES / CERTIFICATIONS:

PHYSICAL REQUIREMENTS:

S - Sedentary Work - Exerting up to 10 pounds of force occasionally Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

For disease specific care programs refer to the program specific requirements of the department for further specifications on experience and educational expectations, including continuing education requirements.

Any physical requirements reported by a prospective employee and/or employee’s physician or delegate will be considered for accommodations.

PAY RANGE:

$65,000.00 - $85,000.00

CITY:

Rochester

POSTAL CODE:

14617

The listed base pay range is a good faith representation of current potential base pay for a successful full time applicant. It may be modified in the future and eligible for additional pay components. Pay is determined by factors including experience, relevant qualifications, specialty, internal equity, location, and contracts.

Rochester Regional Health is an Equal Opportunity/Affirmative Action Employer.
Minority/Female/Disability/Veterans by a prospective employee and/or employee’s Physician or delegate will be considered for accommodations.

Average salary estimate

$75000 / YEARLY (est.)

min

max

$65000K

$85000K

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What You Should Know About Provider Compensation Analyst, RRHS

As a Provider Compensation Analyst at Riedman Campus, you'll play a crucial role in our health system by analyzing and administering our provider compensation programs. Imagine partnering with various stakeholders across the organization, from HR to service line operations, ensuring that our compensation structures remain competitive and equitable. Your day-to-day will involve constructing detailed spreadsheet cost models and conducting comprehensive compensation analyses tailored to individual and service line needs. You’ll collaborate closely with talent acquisition on contract negotiations, helping shape the very foundation of our workforce. Additionally, you'll participate in vital compensation surveys to benchmark our practices while making sure our internal databases stay accurate and up-to-date. If you've got a passion for numbers, commitment to equitable pay practices, and at least two years of related experience, this is a fantastic opportunity with a dynamic team. Join us in Rochester and help us optimize our compensation programs while contributing to the overall health and wellness of our community. We're excited to see how your strong analytical skills and healthcare knowledge can make a meaningful impact in this pivotal role!

Frequently Asked Questions (FAQs) for Provider Compensation Analyst Role at RRHS

What are the responsibilities of a Provider Compensation Analyst at Riedman Campus?

As a Provider Compensation Analyst at Riedman Campus, you will be responsible for a variety of essential tasks. You will act as a compensation subject matter expert, collaborating with operations, finance, and HR to analyze and maintain competitive provider compensation structures. Your role involves conducting detailed compensation analyses, designing cost models, and supporting contract negotiations, thereby ensuring alignment with the health system's strategic goals.