Director Of Physician Compensation

Overview

• Oversee physician compensation plans, ensuring alignment with organizational philosophy and standards.
• Lead data collection, analysis, and reporting for compensation models and budgeting.
• Collaborate with leadership to interpret and administer compensation policies effectively.
• Develop and maintain systems supporting physician compensation plans and compliance.
• Prepare detailed reports and scorecards for physician productivity and compensation adjustments.
• Provide insights on market trends and strategies impacting provider compensation.
• Ensure accurate and confidential handling of compensation calculations and problem resolutions.
• Support process improvement initiatives and implement changes for efficiency.

Key Responsibilities & Duties

• Develop, implement, and administer physician compensation models and standards.
• Conduct market studies, analyze data, and provide salary recommendations.
• Maintain detailed records and databases for compensation plans and policies.
• Prepare and present reports on physician productivity and compensation adjustments.
• Collaborate with leadership to ensure compliance with compensation policies.
• Research external factors impacting physician compensation and recommend strategies.
• Support internal and external analysis for compensation-related projects.
• Provide audit responsibilities to ensure correct physician payments.

Job Requirements

• Bachelor's degree in business or healthcare field required.
• Minimum 7 years of relevant professional experience, including analytics and problem-solving.
• Proficiency in Microsoft Office applications, including Word, Excel, and PowerPoint.
• Strong analytical skills and discretion in handling sensitive information.
• Excellent project management and communication skills, both verbal and written.
• Knowledge of complex databases and financial reporting systems.
• Ability to define problems, collect data, and draw actionable conclusions.
• Experience with process improvement and implementation of changes.