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Physician Compensation Manager
2 months ago
We are seeking a highly skilled Physician Compensation Manager to join our team at The University of Chicago Medicine. As a key member of our Finance-Operations division, you will be responsible for designing, implementing, and managing physician compensation programs to ensure they are competitive, equitable, and aligned with organizational goals.
Key Responsibilities- Lead the design, implementation, and ongoing administration of physician compensation plans, ensuring they are competitive and align with the organization's strategic goals.
- Develop and maintain analytical materials that support leadership in reaching consensus on compensation philosophy and strategy.
- Provide recommendations on compensation models and metrics that drive physician productivity and performance.
- Conduct ongoing market analysis to ensure physician compensation is within fair market value, adjusting compensation structures as necessary to maintain competitiveness.
- Manage the financial aspects of physician contracts, including performing monthly and annual incentive calculations to ensure alignment with approved compensation agreements.
- Collaborate with shared services departments (Revenue Cycle, HR Strategy, Managed Care, UCPG, BSD) to gain consensus on compensation strategy and implementation.
- Actively participate in leadership meetings and physician compensation committee discussions, presenting data and insights to drive decision-making.
- Directly manage compensation resources, providing guidance in the design and administration of incentives and margin share programs.
- Bachelor's degree in Accounting, Finance, Business Administration or related field.
- A minimum of 5 years in progressively analytical experience in healthcare or a comparable environment, with specific experience in physician compensation.
- Advanced proficiency in financial analysis, compensation modeling, and database management, with a strong command of spreadsheet and database programs.
- Strong relationship-building skills, with the ability to work collaboratively across departments and with senior leadership.
- Master's degree.
- CPA or CCP certification.
This is a full-time position with a flexible remote work arrangement, with the requirement to come onsite to our Burr Ridge, IL location 3 times per week.