Analyze provider productivity data for innovative compensation design
Oversee financial analyses for new hires and compensation rates
Benefits
Comprehensive benefits package
Career advancement opportunities
Recognition programs for contributions
Bonuses, differentials, and premiums as applicable
Support for professional growth
Full Job Description
Job Summary The Executive Director of Physician Compensation is responsible for executing the physician compensation strategy set forth by executive leadership. The role manages a team of provider compensation professionals (managers and analysts) in overseeing the development, implementation, and administration of provider compensation programs. Strategic oversight spans financial, personnel, operational, and regulatory aspects of physician and provider compensation, ensuring alignment with the strategic plan. Innovative leadership will manage a high-volume operation, driving initiatives for process improvement and operational excellence.
Qualifications
Responsibilities:
Develops and implements provider compensation strategies and initiatives that align with financial and organizational objectives and that support a high-performing work culture.
Serves as a subject matter expert on provider compensation and productivity market data and trends to propose and support strategic compensation and financial decisions.
Supports Mass General Brigham's business planning processes in conjunction with operational and financial leaders by providing guidance on compensation models, rates and financial impacts.
Communicates with and educates leaders and physicians on various compensation plans, models, and compliance requirements, including proposed changes. Provides guidance and support to physician leaders on compensation and performance-related issues.
Facilitates and supports physician compensation committees.
Oversees analyses of provider productivity and practice data to support innovative provider compensation design.
Oversees management of the employed/contracted provider compensation and incentive models for MGB physician groups.
Contributes to the development of the annual operating budget for physician compensation for all employed and contracted physicians.
Oversees Fair Market Value/Commercial Reasonableness analyses of provider compensation proposals for new hires, existing employees and recommends compensation rates for Professional Service Agreements (PSAs).
Work closely with the financial planning and analytics teams to ensure financial viability and impacts of compensation model changes.
Maintains systems of internal controls and continuous quality improvement processes to ensure the accurate and timely administration of physician compensation in accordance with contracts and policies.
Oversees compensation system tools and processes to increase the automation of compensation programs by leveraging systems and technology, further enhancing the internal controls and accuracy.
Ensures compliance with physician compensation-related laws, regulations, and organizational policies.
Supervises, coaches, and supports the provider compensation team, fostering a collaborative, technically excellent, and service-oriented environment.
Qualifications:
8-10+ years of physician compensation, finance, or related experience
Bachelor's degree or Master's Degree in related field of study
Knowledge of the health care landscape and regulatory requirements is essential.
Excellent leadership, interpersonal and communication skills.
Strong analytical and strategic skills/abilities.
Ability to work collaboratively with cross-functional teams and build strong relationships with key stakeholders.
Strong change leadership skills.
Advanced understanding of effective physician compensation programs along with related accounting and regulatory requirements.
Ability to grow and develop high potential talent and build a high performing team
The salary range for this position is $225,000.00 to $295,000.00 annually. At Mass General Brigham, we believe in recognizing and rewarding the unique value each team member brings to our organization. Our approach to determining base pay is comprehensive, and any offer extended will take into account your skills, relevant experience, if applicable, education, certifications, and other essential factors. The base pay information provided offers an estimate based on the minimum job qualifications; however, it does not encompass all elements contributing to your total compensation package.
In addition to competitive base pay, we offer comprehensive benefits, career advancement opportunities, differentials, premiums, and bonuses as applicable, and recognition programs designed to celebrate your contributions and support your professional growth. We invite you to apply, and our Talent Acquisition team will provide an overview of your potential compensation and benefits package.
Additional Job Details (if applicable)
Remote Type
Remote
Work Location
399 Revolution Drive
Pay Range $124,342.40 - $180,897.60/Annual
Grade 9
About Mass General Brigham
Mass General Brigham is an integrated healthcare system that offers patients a continuum of coordinated high-quality care.
The system includes primary care and specialty physicians, community hospitals, the two founding academic medical centers, specialty facilities, community health centers, and other health-related entities.
Mass General Brigham was founded in 1994 by Brigham and Women's Hospital and Massachusetts General Hospital.
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