Manager, Physician & APP Compensation (Provider Total Rewards)

Works closely with human resources, provider compensation leadership, finance and legal to set strategic direction, compensation design, planning, implementation and communication of physician/APRN/PA total rewards plans. The ideal candidate brings hands-on experience with wRVU and productivity-based compensation models, fair market value (FMV) analysis, compensation survey data, and regulatory compliance (Stark Law and Anti-Kickback Statute).

Responsibilities/Job Description:

Lead compensation strategy for 2000 physicians and advanced practice providers (APPs) across 100 specialties at one of Minnesota's largest health systems.This role serves as a consultant to senior management and physician/APRN/PA leadership regarding provider total reward policies and programs. Works closely with human resources, provider compensation leadership, finance and legal to set strategic direction, compensation design, planning, implementation and communication of physician/APRN/PA total rewards plans. Educates and answers questions regarding changes physician APRN/PA total rewards methodologies and/or regulations. Responsible for analysis, administration and oversight of all approved plans. The ideal candidate brings hands-on experience with wRVU and productivity-based compensation models, fair market value (FMV) analysis, compensation survey data, and regulatory compliance (Stark Law and Anti-Kickback Statute).

Responsibilities

• Oversee market analysis – including facilitating survey participation, market pricing of roles, and analyzing the organization's competitive position
• Design, plan and implement compensation models, including managing relationships with external compensation consultants
• Maintain plan documents
• Direct the administration of the provider compensation plan, ensuring accuracy of all data used for physician compensation (including financial analysis and reporting)
• Oversee day-to-day administration of specialty physician and APP compensation programs
• Manage the administration of salary planning for physicians and APPs
• Partner with legal and business owners on fair market value (FMV) and regulatroy compliance (Stark, AntiKickback) analysis for employed and contracted physicians
• Provide support for governance and approval bodies
• Proactively identify physician compensation arrangements that need improvement, review and/or change
• Identify and communicate best practices or policies and key metrics when performing physician practice evaluations
• Develop and supervise reliable, timely and efficient processes for managing physician compensation arrangements
• Develop tools and metrics to monitor the performance of compensation plans relative to budget
• Stay current on industry trends around physician comp and acts as a proactive consultant and advisor to senior leadership
• Ensures appropriate data mgmt. incorporates use of appropriate and validated source systems efficient data collection tools, integrity of data sources
• Directs activities of physician APRN/PA total rewards staff

Required Qualifications

• Bachelor of Arts in Human Resources, Finance or Business
• 6 yrs experience in HR, finance, and/or compensation to include a minimum of 4 years in physician/APRN/PA total rewards including 3 plus years of experience in physician/APRN/PA productivity compensation models

Preferred Qualifications

• Master of Arts in Human Resources, Business or Finance
• 10 years relevant experience

Qualifications:

$132,995.20- $187,761.60 Annual