Cedars-Sinai - Los Angeles, CA
posted 3 months ago
The Manager of MN Physician Compensation plays a crucial role in supporting the Director in overseeing the compensation review and reconciliation process across all medical groups, including those under HHP. This position is responsible for maintaining and making recommendations related to physician compensation plans, ensuring that they align with fair market value and comply with company policies, as well as state and federal regulations. The Manager provides leadership and expertise on physician compensation matters, which is essential for the planning, development, and execution of specific pay practices. In this role, the Manager will supervise the processing of all payroll-related functions for physicians affiliated with the Cedars-Sinai Medical Care Foundation. This includes managing and mentoring staff in data analysis and the implementation of physician compensation and payroll processes. The Manager will assist in developing and evaluating physician compensation strategies and models that align with the organization’s financial objectives while incentivizing physician efficiency and performance. The Manager will work closely with executive management, legal counsel, and human resources to develop new agreements and revise existing ones as necessary. They may also serve as a representative on compensation committees, providing support and mentorship. Additionally, the Manager is responsible for maintaining a comprehensive database of all existing agreements and communicating any changes that may have financial or budgetary impacts. This role also involves handling payments to contracted physicians as outlined in their individual contracts and managing monthly chargebacks related to various duties performed by employed physicians. Furthermore, the Manager will perform financial modeling, conduct internal valuations, and acquire external valuations for each agreement to ensure compliance with policies and regulatory requirements. They will serve as a communication liaison with various departments, including Medical Network Leadership, Business Development, Recruiting, and Finance, ensuring that compensation programs remain competitive and are modified as needed based on market criteria and changes in business strategy. The Manager will also coordinate audits of salary changes within each specialty to ensure adherence to established guidelines and procedures, and oversee the Physician Payroll process, ensuring compliance with all applicable laws and ordinances.