Director Provider Compensation

Greensboro, NC - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Overview

The Director Provider Compensation provides strategic direction and general compensation design planning and implementation of the provider compensation plans. Serves as a consultant to senior management regarding provider compensation policies programs and issues. Provides routine reports and support to physicians and other relevant stakeholders regarding compensation levels. Is available to educate and answer questions regarding changes to compensation methodologies and/or regulations. The leader is also responsible for administration of approved provider compensation plans. Directs the activity of the provider compensation staff.

Responsibilities

Compensation Design Implementation and Communication: Leading the process for developing transitioning evolving and implementing the provider compensation model (including base pay variable pay and incentive pay); Directs the development of communications associated with provider compensation activities; Develops prepares and updates policies and procedures affecting provider compensation; Responsible for preparation facilitation administration and documentation of provider compensation related meetings committees and forums (i.e. Executive Compensation Committee Compensation Sub-Committee and all new compensation model related forums).
Compensation Administration: Provides oversight for the financial modeling and calculation of provider compensation and incentive plans; Directs the analytical support and reporting related to the management and maintenance of the provider compensation plan including Clinical Compensation Incentives and Bonuses Outside Income/Stipends Contractual Salaries and Salary Guarantees and Support for FMV review; Insures data management incorporates use of appropriate and validated source systems efficient data collection tools integrity of data sources etc.; Insures appropriate confidentiality of data sources at all times; Directs the annual salary process for physicians; Maintains benchmark data for use in provider compensation; Develops redundancies to validate and verify compensation reconciliations.
Compliance: Collaborates with legal counsel and health system leadership to ensure observance of organizational policies Stark law Anti-Kickback legislation etc.; Is a subject matter expert for the organization regarding rules regulations standards and emerging trends impacting physician compensation arrangements; Works with Internal Audit related to review of the plan administration.
Leadership & Strategic Direction: Manages relationships with external provider compensation vendors and consultants; Counsels dyad leadership as to the effective administration within provider compensation guidelines; Provides recommendations for requests for exceptions to the approved compensation model; Directs the activities of professional staff; Provides direction and support of direct reports to ensure effectiveness and efficiency; Establishes work standards; Selects trains develops and evaluates direct reports; Provides exceptional service to customers by anticipating needs following standard work proactively communicating and providing consistent timely and accurate information; Supports decision making related to provider compensation including recommendation and appropriate documentation to streamline communication and decisions; Serves as the primary point of contact for the organization related to physician compensation and contract administration; Exhibits professional behavior and represents the organizations mission and vision.
Market Analysis: Manages the compilation of provider compensation data for submission to local regional and national salary surveys and directs the analysis of information to determine the organizations competitive position; Manages the provider salary administration programs including market pricing and development and maintenance of formal job grades and salary ranges where applicable; Responsible for understanding and sharing changes and trends occurring in the provider compensation market; Conduct market analysis such as community need assessments programmatic need assessment feasibility studies and call burden analysis as needed; Provide analysis to validate recruitment needs; Develop contracting parameters for new physician hires.
Budgeting: Manages the annual provider salary planning budget and review process.

Qualifications

EDUCATION:

Required: Bachelors degree in Business Accounting Finance or Human Resources
Preferred: Masters degree in Business or Healthcare Administration

EXPERIENCE:

Required:
5 years of relevant finance human resources or physician compensation
Demonstrated finance leadership or equivalent public accounting experience
3 years of relevant leadership experience

Preferred: Experience specific to physician/provider compensation very strongly preferred

LICENSURE/CERTIFICATION/REGISTRY/LISTING:

Required Experience:

Director

OverviewThe Director Provider Compensation provides strategic direction and general compensation design planning and implementation of the provider compensation plans. Serves as a consultant to senior management regarding provider compensation policies programs and issues. Provides routine reports a...