Mass General Brigham

Executive Director, Physician Compensation

Mass General Brigham • $225K — $295K *
Somerville, MA 02145In-Person
Healthcare
8 - 10 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 8-10+ years of physician compensation, finance, or relevant experience
  • Bachelor's or Master's degree in a related field
  • Strong knowledge of healthcare regulations and landscape
  • Exceptional leadership and interpersonal skills
  • Excellent analytical and strategic thinking abilities
  • Proven ability to work collaboratively with teams
  • Strong change leadership skills
  • Deep understanding of physician compensation structures and regulatory requirements

Responsibilities

  • Develop and implement compensation strategies that align with financial goals and promote a high-performing culture
  • Serve as a subject matter expert on compensation markets and productivity data
  • Support business planning by guiding compensation models and financial impacts
  • Educate leaders and physicians on compensation plans and compliance
  • Facilitate physician compensation committee meetings
  • 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.

Mass General Brigham Careers

There has never been a more opportune time to join the dedicated team at Mass General Brigham, a leader in healthcare innovation and community health services. This esteemed company is actively seeking to expand its professional family with individuals passionate about making a significant impact in the medical field.

Explore Job Opportunities

Mass General Brigham offers a variety of job opportunities that cater to a range of skills and experiences. Whether it's through patient care, research, or administrative roles, each position contributes to the overarching mission of improving health outcomes across diverse communities.

Engage in Professional Growth

Mass General Brigham is committed to the professional growth and continuous education of its team members. With robust leadership programs and diversity training, employees are equipped to ascend in their careers while fostering an inclusive environment.

Experience the Culture of Innovation

At Mass General Brigham, innovation is at the core of the company culture. The team is encouraged to lead in the development of cutting-edge medical treatments and solutions that set new standards in healthcare.

Internship and Employment Opportunities

For those starting their career, Mass General Brigham offers internships that provide invaluable industry experience and a chance to develop essential skills in a real-world setting. These internships often lead to full-time employment, thanks to the company's emphasis on hiring interns who exhibit a strong work ethic and a drive for continuous learning.

Benefits and Work-Life Balance

Employees at Mass General Brigham enjoy a comprehensive package of benefits designed to support both their professional and personal lives. From health and wellness programs to family care support, the company ensures that team members have the resources they need to thrive both at work and at home.

Join a Team Committed to Excellence

Mass General Brigham is not just hiring; it's building a future. The company looks for curious, creative, and solution-driven team players ready to contribute to a culture of care and excellence.

Networking and Career Advancement

Networking within Mass General Brigham opens doors to expansive career advancement opportunities. Employees are encouraged to connect with colleagues and leaders through various networking events, fostering relationships that enhance career development and personal growth.

Prepare for Your Interview

When applying for a position at Mass General Brigham, it is crucial to tailor your resume to highlight relevant experience and skills. Preparation for the interview process is key, as it is a chance to demonstrate how your background aligns with the company's values and goals.

Stay Connected with Mass General Brigham Careers

Keep up to date with the latest from Mass General Brigham by following their career blog. Discover insider perspectives and industry-leading insights that can be applied immediately, all from the professionals who are part of the team.

Explore Jobs and Apply Today

Search open positions that match your skills and interests at Mass General Brigham. Explore the rewarding opportunities that await and take the first step towards a fulfilling career in healthcare.

SEARCH MASS GENERAL BRIGHAM JOBS

Job Alert Emails

Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences from Mass General Brigham. See what exciting and rewarding opportunities await in the field of healthcare.
Learn more about Mass General Brigham
Size
10,001 employees
Industry
Hospitals & Medical Centers
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Mass General Brigham

More Healthcare Jobs

Find similar Executive Director, Physician Compensation jobs:

NationwideSomerville, MA