Director, Provider Compensation

Corewell Health

Job Location:

Grand Rapids, MI - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

This role includes 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 professional staff who perform the following as it relates to provider compensation:

Market Analysis including facilitate survey participation market price jobs analyze the organizations competitive position
Design plan and implement compensation models (including management of consulting relationships
Maintain plan documents
Directs the administration of the provider compensation plan ensuring accuracy of all data used for physician compensation (includes financial analysis and reporting)
Manage the administration of salary planning for providers
Provide support for governance and approval bodies
Administer status changes for providers (FTE change compensation change bonus payments etc.
Maintains provider listings (supports listing for malpractice participation)
Proactively identify physician practices that need improvement review and/or change for a variety of addition responsible for identifying and communicating best practices or policies and key metrics when performing physician practice evaluations.
Develops and supervises reliable timely and efficient processes for managing physician compensation arrangements.
Develops management tools and metrics to monitor the performance of physician compensation relative to the budget.
Remains educated on industry trends around physician compensation and acts as a proactive consultant and advisor to Senior Leadership.

Essential Functions

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
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

Required

Bachelors Degree
5 years of relevant finance human resources or compensation experience
3 years of relevant leadership experience
Demonstrated finance leadership or equivalent public accounting experience

Preferred

Masters Degree
Provider compensation experience

Physical Demands

Pallet to Waist (6 from floor) > 5 lbs: Seldom up to 10 lbs
Waist to Waist > 5 lbs: Seldom up to 10 lbs
Waist to Chest (below shoulder) > 5 lbs: Seldom up to 10 lbs
Waist to Overhead > 5 lbs: Seldom up to 10 lbs
Bilateral Carry > 5 lbs: Seldom up to 10 lbs
Unilateral Carry > 5 lbs: Seldom up to 10 lbs
Pushing Force > 5 lbs: Seldom up to 10 lbs
Pulling Force > 5 lbs: Seldom up to 10 lbs
Sitting: Frequently
Standing: Occasionally
Walking: Occasionally
Forward Bend - Standing: Seldom
Forward Bend - Sitting: Occasionally
Trunk Rotation - Standing: Seldom
Trunk Rotation - Sitting: Occasionally
Reach - Above Shoulder: Seldom
Reach - at Shoulder or Below: Seldom
Handling: Occasionally
Forceful Grip > 5 lbs: Seldom
Forceful Pinch > 2 lbs: Seldom
Finger/Hand Dexterity: Frequently

How Corewell Health cares for you

Comprehensive benefits package to meet your financial health and work/life balance goals. Learn more here.
On-demand pay program powered by Payactiv
Discounts directory with deals on the things that matter to you like restaurants phone plans spas and more!
Optional identity theft protection home and auto insurance pet insurance
Traditional and Roth retirement options with service contribution and match savings
Eligibility for benefits is determined by employment type and status

Primary Location

SITE - Corewell Health Place - 100 Corewell Drive NW - Grand Rapids

Department Name

Physician Compensation - Corporate

Employment Type

Full time

Shift

Day (United States of America)

Weekly Scheduled Hours

Hours of Work

8 a.m. to 5 p.m.

Days Worked

Monday to Friday

Weekend Frequency

N/A

CURRENT COREWELL HEALTH TEAM MEMBERS Please apply through Find Jobs from your Workday team member account. This career site is for Non-Corewell Health team members only.

Corewell Health is committed to providing a safe environment for our team members patients visitors and community. We require a drug-free workplace and require team members to comply with the MMR Varicella Tdap and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process to perform the essential functions of a job or to enjoy equal benefits and privileges of employment due to a disability pregnancy or sincerely held religious belief.

Corewell Health grants equal employment opportunity to all qualified persons without regard to race color national origin sex disability age religion genetic information marital status height weight gender pregnancy sexual orientation gender identity or expression veteran status or any other legally protected category.

An interconnected collaborative culture where all are encouraged to bring their whole selves to work is vital to the health of our organization. As a health system we advocate for equity as we care for our patients our communities and each other. From workshops that develop cultural intelligence to our inclusion resource groups for people to find community and empowerment at work we are dedicated to ongoing resources that advance our values of diversity equity and inclusion in all that we do. We invite those that share in our commitment to join our team.

You may request assistance in completing the application process by calling 616.486.7447.

Required Experience:

Director

Job SummaryThis role includes 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 physicia...