Senior Director - Provider Compensation
Company: Essentia Health
Location: Duluth
Posted on: October 23, 2024
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Job Description:
Job Description
Education Qualifications:
Years of experience required:
Licensure/Certification Qualifications:N/A
Job Summary:
The Senior Director of Provider Compensation is responsible for
providing strategic leadership to support Essentia's mission. This
role will shape the vision for physician and APP compensation for
Essentia, ensuring a strategic design that fits Essentia's mission
and values with the goal of achieving best practice in the
near-term future state. The Senior director will report to the SVP,
Financial Operations and be accountable for leading and developing
a team responsible for administering all provider compensation
programs at Essentia Health. This position also supports the
Essentia Physician and Provider Compensation Committee (EPPC)
working closely with the EPPC Chair and Provider Workgroup members,
this position will develop, implement, and administer provider
compensation strategies, models, and programs. The Sr. Director
will develop compensation plans and incentives, direct the
preparation of compensation models, document fair market value and
commercial reasonableness, administer provider contracts and
associated reporting, create and maintain policies and best
practices, and monitor industry trends involving provider
compensation. Additionally, this person will ensure provider
compensation models and practices are effective, well understood,
compliant with applicable state and federal laws and regulations,
and aligned with Essentia's provider compensation philosophy and
with strategic objectives.
The Sr. Director of Provider Compensation is a significant
leadership role within Essentia and requires proven experience and
success in leading the development of "best practice" provider
compensation standards and managing the compensation review process
across multiple geographies throughout the organization. The Sr.
Director will have accountability for system oversight of provider
compensation plans and will require an understanding of the
National Labor Relations Board and Union negotiations. Additional
responsibilities include planning, development, and implementation
of specific pay practices to ensure legal compliance with company
policies, state, and federal regulations. The Sr. Director will
need to demonstrate the ability to inform and influence market
leadership by developing and nurturing strong relationships with
Essentia physicians, APPs, and Executives to drive successful
execution of key strategies. Primary Accountabilities:
--- Leading strategic design of provider compensation models that
aligns incentives to support organizational performance
--- Developing, implementing, and administering provider
compensation strategies, models and programs
--- Developing communication strategy and making presentations on
provider compensation to Board, Provider Leadership, EPPC, and
executive leadership. Communicating with and educating providers on
various compensation plans and models, including proposed changes.
Providing guidance and support to providers on compensation and
performance related issues.
--- Responsible for the development of the annual operating budget
for provider compensation for all employed providers by individual
provider at the detailed compensation level
--- Supports the EPPC by organizing meeting agendas in
collaboration with Chair, providing research, guidance, insights,
analysis and recommendations to the Committee.
--- Participates in the development of FMV compensation, and
reasonableness testing and FMV variation
--- Creating policies and procedures that support solid
compensation philosophies and are in alignment with organizational
needs and industry best practices
--- Monitoring industry trends
--- Establishing solid audit processes
--- Ensuring models are effective and understandable as well as
compliant with federal and state regulations
--- Designing plans to support the organization's ability to
attract, reward and retain top talent
--- Providing analysis and support to compensation committee and
other stakeholders
--- Developing and leading strategic initiatives and committees
--- Communicating strategies and initiatives
--- Developing provider dashboards and educational material
providing insight into individual compensation models and metrics
as well as productivity reporting
--- Administering contracts and reporting results
--- Critical thinking and analytical skills
--- Highly proficient in Microsoft Excel and financial systems
--- Strong verbal and written communication as well as presentation
skills
--- Strong interpersonal skills
--- Able to lead and influence the work of others
--- Exhibits a wide degree of creativity and latitude
--- Maturity to tolerate pressure
--- Strong understanding of Stark, Anti-Kickback Statutes, FMV and
benchmarking concepts
--- Familiarity of tax laws, equal employment opportunity laws and
pay equity regulationsLeadership Expectations
--- Strong commitment to the Mission and Values of Essentia
Health.
--- Proven capability to build a cohesive, high-functioning team
across the network working in partnership with other
organizations.
--- Responsible for the development of staff to create leadership
and skillsets necessary to take on roles of increased
accountability.
--- Lead transformation through effective change management and
communication strategies utilizing key stakeholder input,
educational and training materials and presentations.
--- Build and maintain relationships with key stakeholders to
understand their requirements for financial data and analysis
--- Develop clear, insightful presentations to system, market, and
provider leaders based on financial and clinical information
addressing strategic impacts and supporting special projects
Job Location: Peerless Building
Shift Rotation: Day Rotation (United States of America)
Shift Start/End: /
Hours Per Pay Period: 80
Compensation Range:
Union:
FTE: 1
Weekends:
Call Obligations:
Sign On Bonus:
Keywords: Essentia Health, Duluth , Senior Director - Provider Compensation, Executive , Duluth, Minnesota
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