Manager, Physician Compensation & Productivity - Finance​/Hybrid

Overview

The Manager of Physician Compensation & Productivity supports the Director in managing the compensation review and reconciliation process across all medical groups, including those under HHP. This position maintains and assists in making recommendations related to physician compensation plans. The Manager provides leadership and proficiency on physician compensation matters. Under the direction of the Director, this role will be planning, development and implementation of specific pay practices to ensure fair market value, legal compliance with company policies, state and federal regulations.

Will be processing of all payroll-related functions for physicians in the medical groups affiliated with the Cedars-Sinai Medical Care Foundation. The Manager will handle and mentor staff in the data analysis and implementation of physician compensation and physician payroll.

• Assist in the development and evaluation of physician compensation strategies and models which align with financial and organizational objectives and incentivize physician efficiency and performance.
• Be responsible for the implementation of physician compensation plans.
• Work in conjunction with executive management, legal counsel and human resources to develop new agreements and make vital revisions to existing agreements.
• May serve as a representative on all group compensation committees to provide committee support and mentorship.
• Maintain the database of all existing agreements and manage communication of all changes with financial and/or budgetary impact.
• Manage payments made to contracted physicians as outlined in individual physician contracts.
• Handle monthly chargebacks related to medical director, administrative and other duties that may be performed by employed physicians.
• Perform financial modeling, conduct internal valuations and assessments and/or acquire external valuations for each agreement to ensure compliance with policies and regulatory requirements.
• Serve as communication liaison with Medical Network Leadership, Business Development, Recruiting, and Finance departments, as well as Medical Network Human Resources and Payroll departments.
• Manage scheduled changes to physician compensation as indicated in each Employment Agreement (base rate changes, transitions from guaranteed compensation periods, changes to stipends, incentives, etc.). Ensure that systems are in place to allow for timely notification of these issues.
• Work closely with physician recruitment and leadership to ensure compensation programs are market competitive. Ensure programs are modified as needed due to competitive market criteria and/or changes in business strategy.
• Lead all aspects of audits of salary changes within each specialty to ensure conformance with established guidelines and procedures.
• Manage the Physician Payroll process including oversight over ADP and other third-party HR/Payroll vendors such as MMC and Trinet.
• Ensure staff maintains and updates HR/Payroll records, processes bi-weekly and ad-hoc payrolls, routine and ad-hoc reporting of payroll data, prepares year-end adjustment payrolls, coordinates input of benefits-related data, government reporting, development of payroll processes and policies following all applicable federal, state and local laws and ordinances, and other relevant payroll duties as assigned.

• Education:
  
  Bachelor s or Master s degree in Healthcare, Business Administration, or related field with courses in Healthcare, Finance, Accounting, Statistical Analysis preferred.
• Experience:
  
  Five (5) years of experience in Healthcare Finance and physician compensation required.

Cedars-Sinai is a leader in providing high-quality healthcare encompassing primary care, specialized medicine and research. Since 1902, Cedars-Sinai has evolved to meet the needs of one of the most diverse regions in the nation, setting standards in quality and innovative patient care, research, teaching and community service. Cedars-Sinai is known for its national leadership in transforming healthcare for the benefit of patients.

Cedars-Sinai impacts the future of healthcare by developing new approaches to treatment and educating tomorrow s health professionals. Cedars-Sinai demonstrates a commitment to the community through programs that improve the health of its most vulnerable residents.

Req

Working Title:

Manager, Physician Compensation & Productivity - Finance / Compensation (Hybrid)

Department: MNS Accounting

Business Entity:
Cedars-Sinai Medical Center

Job Category:
Human Resources

Job Specialty:
Compensation

Overtime Status: EXEMPT

Primary Shift: Day

Shift Duration: 8 hour

Base Pay: $57.33 - $94.60