Director Provider Compensation

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 organization's 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 (Corewell Health West and South Exec Team, CSC)
• 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 reasons. In 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.

Please note: This is a hybrid role that would require the individual to be onsite in Grand Rapids, MI 3 days each week or for an out of state individual (outside a reasonable driving distance) to fly into Grand Rapids, MI for one week each month, excluding CA or NY.

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
  * 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 to Corewell Health West and South Executive Team and CSC 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. Select