Senior Provider Compensation Analyst - Remote

Compensation Consultant

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities.

Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.

Mission and Purpose - This role is focused on:

• Driving complex corporate and business segment projects/initiatives to completion through design, implementation and maintenance phases Focus is on providing compensation consulting and analytical support for employed physicians, advanced practice clinicians, and other Care delivery compensation programs
• This position acts as an internal consultant to the organization, developing analytic methodologies and report formats Responsibilities include assisting with the process of collection, analysis and reporting of data specific to organization wide Provider priorities in a timely and accurate manner
• Assisting Director of Provider Compensation - to design and implement complex business segment compensation strategies, policies, programs, and communications within the corporate compensation philosophy framework
• Assisting Director of Provider Compensation - in the design, implementation, and maintenance of the most complex and state-of-the-art Provider compensation programs and products and representing the business segments in corporate design efforts

You'll enjoy the flexibility to work remotely
* from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.

Primary Responsibilities:

• Provider compensation project work including: design, consulting, and implementation of Provider compensation programs, assemble compensation packages, and analytic support of Provider compensation programs
• Gain consensus on Provider compensation philosophy and desired strategy
• Perform quantitative and qualitative analysis of healthcare and financial data to support program management for all Provider roles in care delivery This includes analyzing compensation plans of existing businesses and providing summaries for leadership review
• Provide recommendations on compensation models and metrics that incentivize Provider productivity and performance and aligns with the organizational and financial objectives of the business
• Assist leadership with determining desired market position for total cash compensation
• As an internal consultant, this role is responsible for building solid relationships with Provider leaders of each business to ensure effective compensation solutions and strengthen Provider engagement
• Salary survey participation and analysis, and conduct annual review of market data and communicate compensation range information
• Performs annual compensation reviews and constructs templates for each individual Provider by analyzing information and evaluating results
• Responds to inquiries regarding Provider total cash compensation, incentive and productivity information, non-standard pay practices, etc. Compiles, categorizes, tabulates, audits and verifies Provider earnings, quality indicators, RVUs, productivity information for pay change recommendations
• Assist with annual FMV analysis and presentation to Optum Health Sr Leadership
• Strategic partner for the business when it comes to Provider compensation, creating solutions to meet the business need while also balancing legal regulatory compliance
• Liaison for participation in external surveys provides annual presentation of survey information to leaders
• Providing analytic support on compensation projects
• Works on the most complex compensation projects, independently drives and completes the projects with little to no oversight
• Work with the compensation leadership to proactively identify value added compensation initiatives
• Works directly with Human Capital Partners on complex field-initiated projects, generally with no oversight
• Remain abreast of best practices and contemporary pay practices within the industry

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• 3+ years of provider compensation experience, including experience with analysis and understanding of Provider practice metrics Includes business acumen and an understanding of Provider practices
• Proven solid external provider compensation consulting experience
• Demonstrated experience with Provider productivity and compensation benchmark data
• Demonstrated…