Houston Methodist
Manager of Physician Contract & Compensation (Medical Center)
Houston Methodist, Houston, Texas, United States, 77246
At Houston Methodist, the Manager Physician Contracting and Compensation position is responsible for overseeing the collection, categorization and analysis of financial data as related to the potential hiring and renewals of physicians. This position assists in the development, implementation and administration of compensation model standards for employed physicians and recruited physicians which includes reviewing practice valuations, conducting practice due diligence, overseeing the production of business financial analysis working with 3rd party for compensation compliance and reporting to support contract negotiations and final term sheet development.
The manager position responsibilities include managing the daily work activities of the work unit/department staff, ensuring quality, productivity, functional excellence and efficiency while assisting management in accomplishing strategic and operational objectives. In addition, this position provides guidance to staff and is responsible for staffing, budget compliance, contributing to staffing decisions such as hiring and terminating employment, coaching and counseling employees on work related performance, and assisting in the development and implementation of policies and procedures to ensure a safe and effective work environment. This position also implements training, monitoring and operations initiatives that secure compliance with ethical and legal business practices and accreditation/regulatory/ government regulations.
PEOPLE ESSENTIAL FUNCTIONSPerforms management responsibilities of selection, scheduling, supervision, retention, and evaluation of employees in the department. Provides development and mentoring of staff. Meets or exceeds threshold goal for department turnover. Develops direct reports to perform these same functions.Provides fair and consistent leadership and communication to maintain a competent and engaged employee group by conducting regular department meetings to review policies and procedures and operational matters, rounding on all employees, completing performance appraisals, conducting new hire feedback sessions, coaching/corrective counseling, and providing recognition/commendations to achieve desired outcomes. Provides timely guidance and feedback to help others strengthen specific knowledge/skill areas needed to accomplish a task or solve a problem.Facilitates and promotes effective team dynamics and teambuilding strategies within and between departments; participates and/or leads and facilitates department process improvements as needed.Meets or exceeds threshold goal for department and/or system metrics on employee engagement indicators.Manages relationship with third party companies for purposes of reviewing compensation packages for physicians.Serves as a liaison with Department/Regional Administrators in the process of reviewing and making recommendations on customized strategies for physician compensation.Oversees the practice valuation compensation analyst team. Trains new administrators on practice evaluation process.
SERVICE ESSENTIAL FUNCTIONSPlans and organizes day-to-day department operations, schedule and activities. Sets priorities and functional standards, giving direction to staff as necessary to ensure the best possible delivery of service and high customer/patient satisfaction.Drives department service standards and activities to impact department and/or system score for patient/customer-based satisfaction, through role modeling and fostering accountability. Serves and actively participates on various entity committees as a voice for the department.Oversees physician contract processes and ensures requirements are met including: proforma, term sheets, and any other financial statements. Develops, implements, and maintains a robust process and procedure required to support timely renewal of provider employment agreements.
QUALITY/SAFETY ESSENTIAL FUNCTIONSEnsures a safe and effective working environment; monitors and/or revises the department safety plan and/or any specific accreditation/regulatory required safety guidelines, including infection control principles. Monitors and confirms staff maintain their required credentials that demonstrate competency per accrediting agency or department guidelines as applicable.Uses and optimizes information systems to enhance operations; supports entity-specific performance improvement and data management/analysis functions.Employs a proactive approach in the optimization of safe outcomes by monitoring and improving the department workflow, using peer-to-peer accountability, reporting accidents, near misses, and/or adverse events immediately per department protocol and identifying solutions via collaboration. Adopts lean principles in driving process improvements. Role models situational awareness, using teachable moments to improve safety.Monitors self and employee compliance with policies, procedures, and System HR Standards of Practice and performs associated actions upon non-compliance (i.e., focal point review requirements, disaster plan, in-services, influenza immunization, wage and hour, standard hours, timely termination submission, timely timecard approval, etc.).Conducts periodic reviews of the physician valuation process for purposes of recommending and making improvements to that process. Ensures provider compensation models and practices are effective, well understood, market competitive, compliant with applicable state and federal laws and regulations, and aligned with Houston Methodist's physician compensation philosophy and with strategic objectives.Manages the proforma creation and approval process, which includes collaborating with administrator and executive leadership to facilitate timely and accurate valuations of physician practices and approvals. Interacts with prospective physicians to gather data in order to provide an accurate proforma.
FINANCE ESSENTIAL FUNCTIONSAssists in the development of department budget and ensures that the department operates in a cost-effective manner. Manages/audits department expenses within approved budget parameters, ensuring that the department meets the budgeted/flex revenue and/or expense targets on a monthly and annual basis. Develops staffing plans and schedules to meet department/patient needs that reflect understanding of the importance of cost-effectiveness.Implements department strategies to achieve financial target and staffing needs, developing others to do the same, through optimizing productivity, supply/resource efficiency, minimizing incidental overtime and overtime percentage, and other areas according to department specifications.Oversees and builds financial models and performs financial and valuation analysis. Reviews financial statements including tax returns and profit and loss statements and building expense profiles for the practice. Compares practice operations to existing internal and external benchmarks and make recommendations for cost control opportunities.Reviews compensation for employed physicians and compares against productivity, compensation, and collection benchmarks.
GROWTH/INNOVATION ESSENTIAL FUNCTIONSIdentifies and implements innovative solutions for practice or workflow changes to improve department operations or other department-specific measures by leading unit projects and/or other department/system directed/shared governance activities. Supports change initiatives, maintaining effectiveness when experiencing major changes in work responsibilities or environment; adjusts effectively to work within new work structures, processes, requirements or cultures.Proactively evaluates processes; recommends and implements action plan(s) for change; follows through to ensure effective, sustainable change. Participates in the development and implementation of new procedures and the review and revision of existing procedures.Identifies opportunities and takes action to build strategic relationships between one's area and other areas, teams, departments, and units to achieve business goals.Seeks opportunities to identify developmental needs of self and staff and takes appropriate action. Ensures own career discussions occur with appropriate management. Completes and updates My Development Plan (MDP) on an on-going basis. Conducts conversations with staff on their development.
This job description is not intended to be all-inclusive; the employee will also perform other reasonably related business/job duties as assigned. Houston Methodist reserves the right to revise job duties and responsibilities as the need arises.
EDUCATIONBachelor's degree in Business, Finance, Health Care Administration, or related fieldMBA or Master's degree in Health Care Administration preferred
WORK EXPERIENCEFive years of physician and/or healthcare compensation experience, of which one year must have been in a people management role in healthcare; for internal employees four years of experience in relevant field with HM performance that demonstrates leadership responsibility
#J-18808-Ljbffr
The manager position responsibilities include managing the daily work activities of the work unit/department staff, ensuring quality, productivity, functional excellence and efficiency while assisting management in accomplishing strategic and operational objectives. In addition, this position provides guidance to staff and is responsible for staffing, budget compliance, contributing to staffing decisions such as hiring and terminating employment, coaching and counseling employees on work related performance, and assisting in the development and implementation of policies and procedures to ensure a safe and effective work environment. This position also implements training, monitoring and operations initiatives that secure compliance with ethical and legal business practices and accreditation/regulatory/ government regulations.
PEOPLE ESSENTIAL FUNCTIONSPerforms management responsibilities of selection, scheduling, supervision, retention, and evaluation of employees in the department. Provides development and mentoring of staff. Meets or exceeds threshold goal for department turnover. Develops direct reports to perform these same functions.Provides fair and consistent leadership and communication to maintain a competent and engaged employee group by conducting regular department meetings to review policies and procedures and operational matters, rounding on all employees, completing performance appraisals, conducting new hire feedback sessions, coaching/corrective counseling, and providing recognition/commendations to achieve desired outcomes. Provides timely guidance and feedback to help others strengthen specific knowledge/skill areas needed to accomplish a task or solve a problem.Facilitates and promotes effective team dynamics and teambuilding strategies within and between departments; participates and/or leads and facilitates department process improvements as needed.Meets or exceeds threshold goal for department and/or system metrics on employee engagement indicators.Manages relationship with third party companies for purposes of reviewing compensation packages for physicians.Serves as a liaison with Department/Regional Administrators in the process of reviewing and making recommendations on customized strategies for physician compensation.Oversees the practice valuation compensation analyst team. Trains new administrators on practice evaluation process.
SERVICE ESSENTIAL FUNCTIONSPlans and organizes day-to-day department operations, schedule and activities. Sets priorities and functional standards, giving direction to staff as necessary to ensure the best possible delivery of service and high customer/patient satisfaction.Drives department service standards and activities to impact department and/or system score for patient/customer-based satisfaction, through role modeling and fostering accountability. Serves and actively participates on various entity committees as a voice for the department.Oversees physician contract processes and ensures requirements are met including: proforma, term sheets, and any other financial statements. Develops, implements, and maintains a robust process and procedure required to support timely renewal of provider employment agreements.
QUALITY/SAFETY ESSENTIAL FUNCTIONSEnsures a safe and effective working environment; monitors and/or revises the department safety plan and/or any specific accreditation/regulatory required safety guidelines, including infection control principles. Monitors and confirms staff maintain their required credentials that demonstrate competency per accrediting agency or department guidelines as applicable.Uses and optimizes information systems to enhance operations; supports entity-specific performance improvement and data management/analysis functions.Employs a proactive approach in the optimization of safe outcomes by monitoring and improving the department workflow, using peer-to-peer accountability, reporting accidents, near misses, and/or adverse events immediately per department protocol and identifying solutions via collaboration. Adopts lean principles in driving process improvements. Role models situational awareness, using teachable moments to improve safety.Monitors self and employee compliance with policies, procedures, and System HR Standards of Practice and performs associated actions upon non-compliance (i.e., focal point review requirements, disaster plan, in-services, influenza immunization, wage and hour, standard hours, timely termination submission, timely timecard approval, etc.).Conducts periodic reviews of the physician valuation process for purposes of recommending and making improvements to that process. Ensures provider compensation models and practices are effective, well understood, market competitive, compliant with applicable state and federal laws and regulations, and aligned with Houston Methodist's physician compensation philosophy and with strategic objectives.Manages the proforma creation and approval process, which includes collaborating with administrator and executive leadership to facilitate timely and accurate valuations of physician practices and approvals. Interacts with prospective physicians to gather data in order to provide an accurate proforma.
FINANCE ESSENTIAL FUNCTIONSAssists in the development of department budget and ensures that the department operates in a cost-effective manner. Manages/audits department expenses within approved budget parameters, ensuring that the department meets the budgeted/flex revenue and/or expense targets on a monthly and annual basis. Develops staffing plans and schedules to meet department/patient needs that reflect understanding of the importance of cost-effectiveness.Implements department strategies to achieve financial target and staffing needs, developing others to do the same, through optimizing productivity, supply/resource efficiency, minimizing incidental overtime and overtime percentage, and other areas according to department specifications.Oversees and builds financial models and performs financial and valuation analysis. Reviews financial statements including tax returns and profit and loss statements and building expense profiles for the practice. Compares practice operations to existing internal and external benchmarks and make recommendations for cost control opportunities.Reviews compensation for employed physicians and compares against productivity, compensation, and collection benchmarks.
GROWTH/INNOVATION ESSENTIAL FUNCTIONSIdentifies and implements innovative solutions for practice or workflow changes to improve department operations or other department-specific measures by leading unit projects and/or other department/system directed/shared governance activities. Supports change initiatives, maintaining effectiveness when experiencing major changes in work responsibilities or environment; adjusts effectively to work within new work structures, processes, requirements or cultures.Proactively evaluates processes; recommends and implements action plan(s) for change; follows through to ensure effective, sustainable change. Participates in the development and implementation of new procedures and the review and revision of existing procedures.Identifies opportunities and takes action to build strategic relationships between one's area and other areas, teams, departments, and units to achieve business goals.Seeks opportunities to identify developmental needs of self and staff and takes appropriate action. Ensures own career discussions occur with appropriate management. Completes and updates My Development Plan (MDP) on an on-going basis. Conducts conversations with staff on their development.
This job description is not intended to be all-inclusive; the employee will also perform other reasonably related business/job duties as assigned. Houston Methodist reserves the right to revise job duties and responsibilities as the need arises.
EDUCATIONBachelor's degree in Business, Finance, Health Care Administration, or related fieldMBA or Master's degree in Health Care Administration preferred
WORK EXPERIENCEFive years of physician and/or healthcare compensation experience, of which one year must have been in a people management role in healthcare; for internal employees four years of experience in relevant field with HM performance that demonstrates leadership responsibility
#J-18808-Ljbffr