Job OverviewThis 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.
Responsibilities- Oversight of market analysis - including facilitate survey participation, market pricing of roles, analyze the organizations competitive position
- Design, plan and implement compensation models, including management consulting relationships
- Maintain plan documents
- Directs the administration of the provider compensation plan, ensuring accuracy of all data used for physician compensation (including financial analysis and reporting)
- Responsible for the day to day administration of specialty physician and APRN/PA compensation programs
- Manage the administration of salary planning for physicians and APRNs/PAs
- Partners with legal and business owners to collaborate on FMV analysis for employed and contracted physicians
- Provide support for governance and approval bodies
- Proactively identify physician practices that need improvement, review and/or change
- Identify and communicate best practices or policies and key metrics when performing physician practice evaluations
- Develops and supervises reliable timely and efficient processes for managing physician comp arrangements
- Develops tools and metrics to monitor the performance of compensation plans relative to the budget
- Remains educated 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
Benefit OverviewFairview offers a generous benefit package including but not limited to medical, dental, vision plans, life insurance, short-term and long-term disability insurance, PTO and Sick and Safe Time, tuition reimbursement, retirement, early access to earned wages, and more! Please follow this link foradditional information: https://www.fairview.org/careers/benefits/noncontract
Compensation DisclaimerThe posted pay range is for a 40-hour workweek (1.0 FTE). The actual rate of pay offered within this range may depend on several factors, such as FTE, skills, knowledge, relevant education, experience, and market conditions. Additionally, our organization values pay equity and considers the internal equity of our team when making any offer. Hiring at the maximum of the range is not typical. If your role is eligible for a sign-on bonus, the bonus program that is approved and in place at the time of offer, is what will be honored.
