Physician Compensation Finance Consultant

Job Responsibility: Interior Health is looking for an experienced Physician Compensation Finance Consultant to join our team on a full time permanent basis. This position has a flexible work location from in BC (ideally within the Interior Health region). What we offer:

• Employee & Family Assistance Program
• Employer paid training/education opportunities
• Employer paid vacation
• Medical Services Plan
• Employer paid insurance premiums
• Extended health & dental coverage
• Municipal Pension Plan
• Work-life balance

Salary: Salary range for the position is $88,990 to $127,923. Interior Health establishes salaries within the minimum and maximum of the salary range based on consideration of the qualifications, experience of the applicant, and an internal equity review of the salaries of other employees. About the job: In accordance with the established vision and values of the organization, the Physician Compensation Finance Consultant provides expertise about physician compensation payment processes, recoveries for revenues, accounting, medical staff contract management, and funding for medical staff in a complex environment with dynamic and constantly changing priorities. The Consultant proposes remedial action on issues and is accountable within and around a financial framework in order to facilitate the achievement of the goals and objectives of Medical Affairs and Interior Health (IH). The Physician Compensation Finance Consultant oversees and reviews the completion of working papers and ensures the accurate and timely recording and tracking of all medical staff compensation within Interior Health (IH). The Consultant provides input and makes recommendations to the Director, Physician Compensation on issues related to contracts with physicians (clinical and administrative), payments to physicians, revenue recoveries from Ministry of Health (MoH), accounting issues, internal audit recommendations, policy issues, and process issues. The Consultant develops strong liaisons with other Finance, Digital Health, MoH Physician Compensation Branch, and Finance staff in order to achieve the goals and objectives. Typical duties and responsibilities:

• Provides recommendations within and around financial planning in order to facilitate the achievement of the mission, goals, and objectives of Medical Affairs.

o Provides input and makes recommendations to the Director, Physician Compensation; Executive Director, Medical Affairs; and Senior Medical Directors on financial issues as they relate to the day-to-day operations of physician compensation. o Manages processes that will ensure the determination of organizational priorities and the maximization of budgetary resources toward the delivery of those priorities. o Ensures that there is a strong integration of information and issue management between both the planning aspects of physician compensation and reporting. This includes responsibility for managing an effective forecasting mechanism to assist in the ability to adjust and commit resources toward organizational priorities. o Has influence over a multi-million expenditure budget and a multi-million revenue recovery budget. o Monitors contract terms with MoH to ensure that maximization of revenues is achieved and that IH operating dollars are minimized in the compensation of physician clinical services. o Prepares and utilizes financial reports, forecasts, and budgetary information for use in strategic decision making around the use of scarce physician compensation resources. o Makes recommendations on the re-alignment of physician compensation resources. o Has influence and manages processes for ensuring contract management meets internal audit recommendations.

• Acts as the physician compensation business expert for the purposes of managing the payments to physicians, recoveries from MoH and FFS programs, and physician contract management.

o Provides support for the full payment cycle for medical staff, including the review and approval of regular periodic medical staff pay files and providing support to the strategic business advisors and analysts in the creation of the pay files. o Oversees accounting and financial management reporting functions for all medical staff revenue and expense transactions within IH in accordance with organizational policy, GAAP, MIS Guidelines, and government requirements. o Responsible for compiling, analyzing, and interpreting all financial/statistical information related to physician compensation. o Maintains the Contracts Masters spreadsheet for clinical contracts including reconciliation to Ministry reporting, IH budget and IH financial accounting records. o Compiles, prepares, reconciles, and creates reports related to medical staff financial information including periodic accruals, forecasts, Physician Master Agreement (PMA) impacts and non-PMA compliant rate changes. o Assists and provides input into the preparation, distribution, and management of physician compensation administrative and clinical contracts. o Provides supervision of physician compensation advisors and assistants. o Leads preparation of ad hoc and regular reporting to MoH and other agencies on physician compensation.

• Makes recommendations on changes; maintains policies and principles; and provides input to new policies, principles, and processes for physician compensation and contract management.

• Leads Digital Health system development/projects and development of systems to maximize the efficiencies of and for physician compensation processes.

• Educates and guides IH management staff and other leadership teams towards understanding and interpreting physician compensation policies, contracts, funding processes, and review of financial information and the systems to obtain the information.

• In alignment with IH's Occupational Health & Safety Program, employees shall adhere to all Occupational Health and Safety policies and procedures at all times and attend all required training. Employees are responsible to report any identified hazards, unsafe conditions or incidents to the manager or supervisor immediately.

• Performs other duties as assigned.

Apply now for this exciting opportunity to join a vibrant team of professionals in their pursuit to deliver the highest quality customer service to our medical leadership, physicians and practitioners. As stewards of medical affairs funding, Physician Compensation (PC) aligns with IH's strategic priority of financial sustainability supporting the development of innovative programs and partnership in the delivery of high quality sustainable health care. PC is a key partner with Ministry of Health Honouring Interior Health's commitment to Truth and Reconciliation and the Declaration on the Rights of Indigenous Peoples Act (DRIPA), and Pursuant to Section 42 of the BC Human Rights Code, preferential consideration and/or hiring will be given to qualified applicants who self-identify as Indigenous (First Nations, Métis, or Inuit). Education, Training, and Experience

• Bachelor's Degree in Business/Accounting plus accounting designation such as CGA, CMA, CA.
• A minimum of 5-7 years of related experience in a healthcare environment is preferred.
• An equivalent combination of education, training, and experience will be considered in lieu of the above education requirements.

Skills and Abilities

• Awareness of organizational/MoH strategic direction that is reflected in portfolio initiatives.
• Expert knowledge of all Physician Compensation payment models.
• Expert knowledge of restrictions and limitations to each type of Physician Compensation.
• Sound understanding of financial management and reporting.
• Ability to step forward to lead as needed; act with integrity and trust; build a team environment; develop potential in others.
• Ability to lead, plan, direct, and implement in a highly dynamic environment.
• Challenge the status quo and acknowledge the need for change, champion the change, and enlist others in its pursuit.
• Demonstrated ability to communicate effectively both verbally and in writing, including the ability to make presentations to groups.
• Monitor and provide reports on work performed by clinical and administrative independent medical staff service providers to ensure achievement of deliverables.
• Demonstrated proficiency in the use of personal computers and computerized systems.
• Physical ability to perform the duties of the position.