Cooper University Health Care

Director of Provider Compensation

Cooper University Health Care$108K — $179K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance required; MBA preferred.
  • 7-9 years of experience in accounting with a focus on healthcare or public accounting.
  • Management experience in a similar role is essential.
  • Strong knowledge of compensation models and regulatory compliance in healthcare settings is crucial.
  • Proficient in data analysis and financial reporting.

Responsibilities

  • Lead and develop the Provider Compensation team to align compensation with growth strategies.
  • Collaborate with senior leadership to craft compensation strategies that meet organization objectives.
  • Design and manage provider compensation models to ensure regulatory compliance and fair market value.
  • Analyze and monitor existing compensation practices, adjusting for industry trends and goals.
  • Create reports and dashboards to communicate compensation insights to staff and stakeholders.
  • Ensure all compensation arrangements comply with regulations and reflect fair market value principles.
  • Manage budgetary responsibilities and optimize resources for fiscal efficiency.

Benefits

  • Opportunity to work in a strategic leadership role within a healthcare organization.
  • Engagement with senior leadership and direct impact on recruitment and growth strategies.
  • Access to a robust support system for professional development and innovative initiatives.
  • Collaboration with diverse teams and stakeholders enhancing operational efficiencies.
Full Job Description
Short Description

The Director Provider Compensation administers, coordinates and evaluates the Physician Compensation Program for Cooper Healthcare. Aligns Sr. Physician Leadership strategy with the core operations of the Physician Compensation program. 

 Strategic Leadership & Vision:

  • Lead and develop the Provider Compensation team, aligning compensation programs with recruitment and growth strategies.
  • Collaborate with senior leadership, including Finance and Physician senior leadership, to develop and implement compensation strategies that support organizational objectives.
  • Provide input on new strategies, policies, and procedures for provider compensation, ensuring they are tailored to each market and specialty.

Compensation Model Management:

  • Design, oversee, and analyze provider compensation models, ensuring they are commercially reasonable, compliant with regulations, and consistent with fair market value.
  • Monitor and evaluate the effectiveness of existing compensation practices, assessing changes to align with industry trends and organizational goals.
  • Perform compensation modeling and analyses, making data-driven analysis for compensation structures and rates across various markets.
  • Prepare and validate provider contract request forms, ensuring accuracy and timely approval.

 Data Analysis & Reporting:

  • Develop reports, dashboards, and educational tools to communicate compensation principles, processes, and data-driven insights to staff and operations.
  • Collect, consolidate, and analyze data related to compensation, including financial, productivity, and quality metrics, ensuring data integrity and rectifying inconsistencies.
  • Design and implement standardized processes for productivity and compensation report distribution, supporting transparency and informed decision-making.

 Regulatory Compliance & Fair Market Value:

  • Ensure all provider compensation arrangements are aligned with fair market value principles and comply with federal and state regulations.
  • Monitor industry trends and regulatory changes, making recommendations to ensure competitive and compliant compensation practices.

Operational & Budgetary Oversight:

  • Manage day-to-day budgetary responsibilities, ensuring efficient use of resources and adherence to financial requirements.
  • Develop and maintain productive relationships with internal and external stakeholders, optimizing operations and supporting quality improvement initiatives.
  • Support new programs, integration efforts, and mergers/acquisitions, providing analysis and recommendations for continuous improvement.

General Responsibilities:

  • Perform related duties as required, including participating in quality improvement initiatives and customer service enhancements.
  • Exercise independent judgment in decision-making, analysis, and problem-solving, ensuring systematic and logical approaches to challenges.

Tailor communication strategies to diverse audiences, providing clear, concise, and respectful information exchange.

Experience Required

Minimum of 7 years9 experience in accounting with direct healthcare or public accounting experience preferred.

 

Management experience required or demonstrated through previous job experience and responsibilities.

Education Requirements

Bachelors of Science in Accounting or Finance required, MBA degree preferred.

Salary Min ($)USD $52.00 Salary Max ($)USD $86.00

About Cooper University Health Care

Cooper University Health Care is a leading academic health system and the only state-designated Level 1 Trauma Center in South Jersey. With more than 7000 employees, Cooper is committed to excellence in patient care, education, research, and community outreach. Cooper has more than 630 physicians in over 75 specialties, with a network of more than 100 medical offices and four urgent care centers throughout the region. Cooper is affiliated with Cooper Medical School of Rowan University, and is a member of the Jefferson Health System.
Learn more about Cooper University Health Care
Size
7,000 employees
Industry

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