Job Description
The Manager of Faculty & Physician Compensation and Productivity coordinates Cedars-Sinai’s faculty and physician compensation plans. Supports the Director in managing the compensation review and efficiency reporting for assigned areas. This position maintains and assists in making recommendations related to faculty and physician compensation plans as well as physician efficiency benchmarking and reporting. The Manager provides leadership and proficiency on faculty and physician compensation matters. Under the direction of the Director, this role is responsible for the planning, development and implementation of specific pay practices to ensure fair market value, legal compliance with company policies, state and federal regulations.
The Manager of Faculty & Physician Compensation and Productivity will manage and mentor support staff in the data analysis and implementation of physician compensation plans and efficiency tracking/reporting. The incumbent will also ensure that adequate systems of control are in place and working effectively and create processes by which databases containing all relevant physician compensation and efficiency elements are maintained accurately and updated regularly.
Duties and Responsibilities:- Assist in the development and evaluation of faculty & physician compensation strategies and models which align with financial and organization objectives and incentivizes physician efficiency and performance.
- Coordinates the implementation of physician compensation plans
- Works 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 any faculty / physician compensation committees or task forces to provide support and mentorship.
- Maintains the database of all existing agreements and is responsible for managing communication of all changes with financial and/or budgetary impact.
- Performs financial modeling, conducts internal valuations and assessments and/or acquires external valuations for each agreement to ensure compliance with policies and regulatory requirements.
- Serves as communication liaison with Cedars-Sinai Medical Center and/or Cedars-Sinai Medical Network Leadership, Academic Human Resources, Business Development, Academic Search, and Finance departments.
- Works closely with physician recruitment and leadership to assure compensation programs are market competitive. Assures that programs are modified as needed due to competitive market criteria and/or changes in business strategy.
- Coordinates audits of salary changes within each specialty to assure conformance with established guidelines and procedures.
- Responsible for the supervision of assigned personnel.
Qualifications
Education:
Bachelor's degree in Healthcare, Business Administration, or related field required. Master's degree preferred.
Experience:
Five (5) years of Healthcare Finance and physician compensation required.
About Us
About the Team
Req ID : 4048
Working Title : Manager, Physician Compensation - Physician Compensation
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 : $54.57 - $90.04
Our compensation philosophy
We offer competitive total compensation that includes pay, benefits, and other recognition programs for our employees. The base pay range shown above takes into account the wide range of factors that are considered in making compensation decisions including knowledge/skills; relevant experience and training; education/certifications/licensure; and other business and organizational factors. This base pay range does not include our comprehensive benefits package and any incentive payments that may be applicable to this role. Pay Transparency Non Discrimination Provision (PDF) (opens in new window)
Diversity and Inclusion at Cedars-Sinai
We are caretakers and innovators committed to the pursuit of equitable healthcare. But health equity is not possible without representation. Our commitment to diversity goes beyond demographics or checking boxes. Our people must reflect the diverse identities, experiences and geographies of the communities and patients we serve – because that’s what our patients, colleagues and communities deserve. Quality Care and Research—For All, By All (opens in new window).
Cedars-Sinai is an Equal Employment Opportunity employer.
Cedars-Sinai does not unlawfully discriminate on the basis of the race, religion, color, national origin, citizenship, ancestry, physical or mental disability, legally protected medical condition (cancer-related or genetic characteristics or any genetic information), marital status, sex, gender, sexual orientation, gender identity, gender expression, pregnancy, age (40 or older), military and/or veteran status or any other basis protected by federal or state law. If you need a reasonable accommodation for any part of the employment process, please contact us by email at Applicant_Accommodation@cshs.org and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.
Cedars-Sinai will consider for employment qualified applicants with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring.
At Cedars-Sinai, we are dedicated to the safety, health and wellbeing of our patients and employees. This includes protecting our patients from communicable diseases, such as influenza (flu) and COVID-19. For this reason, we require that all new employees receive a flu vaccine based on the seasonal availability of flu vaccine (typically during September through April each year) as a condition of employment, and annually thereafter as a condition of continued employment, subject to medical exemption or religious accommodation. For the same reason, you may also be required to receive other vaccines such as COVID-19 as a condition of employment. Cedars-Sinai reserves the right to make modifications to its required list of vaccines as required by law and/or policy. Cedars-Sinai’s AA Policy Statement (PDF) (opens in new window)
