To be part of our organization, every employee should understand and share in the YNHHS Vision, support our Mission, and live our Values. These values - integrity, patient-centered, respect, accountability, and compassion - must guide what we do, as individuals and professionals, every day.
Performs a variety of duties associated with the planning, development, and administration of business and financial arrangements between YNHHS, its affiliates, and physicians/physician-owned entities across the region. Collects and analyzes data involved in calculating appropriate financial consideration for physician-hospital arrangements. Conducts quantitative and qualitative fair market value (FMV) and commercial reasonableness analyses to support physician-hospital business and financial arrangements.
- 1. Collaborates with internal business owners and other relevant stakeholders to complete FMV review of physician-hospital business and financial arrangements.
- 2. Evaluates current and proposed physician-hospital business arrangements and makes recommendations to the Program Director regarding financial and contractual terms.
- 3. Develops working knowledge of valuation theory and all applicable regulations governing physician-hospital business arrangements, including Stark Law. Anti-Kickback Statue, and the Internal Revenue Code.
- 4. Analyzes provider compensation survey data to evaluate provider clinical and administrative roles and ensures YNHHS participation in appropriate provider compensation surveys. Develops appropriate blended data points for arrangements with multiple services/responsibilities.
- 5. Assists in the development of robust qualitative commercial reasonableness documentation to support the underlying rationale behind each business and financial arrangement.
- 6. Audits accounts payable data to ensure compliance with terms of business and financial arrangements.
- 7. Develops and maintains strong end-user skills related to Human Resources Information System (HRIS) applications as they pertain to provider compensation programs. Works closely with staff in corporate HRIS, Budget & Finance, Talent Acquisition, Payroll, and ITS departments to ensure integrity of position data, and the proper maintenance of employee data and information.
- 8. Supports Program Director, arrangement business owners, legal counsel, and physician contracting staff to develop standard contractual terms for physician-hospital business and financial arrangements.
- 9. Works with key internal stakeholders to aggregate data required to support third-party consultants providing FMV assessments of physician-hospital business and financial arrangements.
- 10. Assists with development of compensation program communications, as appropriate.
- 11. Under the direct supervision of the Program Director, undertakes special research projects related to physician-hospital business and financial arrangements, business/compensation valuation, and Stark/Anti-Kickback Statute compliance, and presents findings to key internal stakeholders.
- 12. Participates as a member of various organization-wide teams and committees, as necessary.
Bachelor's degree in Finance, Health Administration, Business Administration, or related field required.
Minimum of two years experience in physician/provider compensation, finance, management consulting, or related field. Prior hospital/healthcare experience required.
Business valuation credential preferred, including Certified Valuation Analyst (CVA), Accreditation in Business Valuation (ABV), Chartered Financial Analyst (CFA), or Accredited Senior Appraiser (ASA). Ability to earn business valuation credential within a designated time frame will be required.
Strong interpersonal skills with ability to communicate effectively, both orally and in writing, with all levels of the organization. Ability to function effectively in a team environment and quickly develop strong knowledge of organizational structure and reporting relationships. Proficiency in researching, analyzing complex data and information, and thinking critically. Ability to plan, coordinate and administer complex administrative policies, systems and processes. Strong working knowledge of Microsoft Windows Office Suite, with advanced end-user skills in Excel. Knowledge of HRIS with ability to learn specific HRIS applications.
Primarily sedentary work sitting within typical office setting . Requires occasional ability to lift, push and pull objects such as files and office supplies up to 30 pounds and/or continuously up to 10 pounds; and occasional moving about on foot to accomplish tasks, walking long distances or moving from one work site to another. Frequent use of telephones requiring ability to hear and speak to clearly convey detailed or important information; and continuous use of computer and other office equipment requiring fingering and strong keyboarding skills .