Site: Mass General Brigham Incorporated
Job Summary
In this highly visible role, you will serve as a trusted advisor to HR, Finance, and clinical leadership, leveraging market intelligence and data-driven insights to design, analyze, and optimize provider compensation and benefits programs. The ideal candidate brings hands-on experience with provider compensation models, productivity-based incentives, regulatory compliance, and market benchmarking within a healthcare environment.
Lead Provider Compensation Strategy & Analysis
- Analyze and evaluate provider compensation structures, including base salary, productivity incentives, quality metrics, bonuses, and other financial rewards.
- Develop, implement, and maintain provider compensation models that support organizational growth, physician engagement, recruitment, and retention initiatives.
- Provide expert guidance on physician and advanced practice provider compensation trends, market competitiveness, and compensation design.
Conduct Market Benchmarking & Industry Analysis
- Perform comprehensive compensation benchmarking using national and regional healthcare compensation surveys and industry data.
- Monitor market trends, regulatory changes, and emerging best practices related to provider compensation.
- Deliver actionable recommendations to leadership based on market intelligence and data analysis.
Support Provider Benefits Programs
- Partner in the design, administration, and evaluation of provider benefits offerings, including health and welfare plans, retirement programs, paid time off, disability coverage, and other benefit programs.
- Analyze utilization and cost trends to identify opportunities for program enhancements and cost efficiencies.
Drive Data-Driven Decision Making
- Conduct complex analyses to evaluate the effectiveness of compensation and benefits programs.
- Develop reports, dashboards, and presentations that provide meaningful insights to executive and clinical stakeholders.
- Ensure the accuracy, integrity, and reliability of compensation and benefits data across systems and reporting platforms.
Collaborate with Business and Clinical Leadership
- Work closely with HR, Finance, Legal, Compliance, and physician leadership to align compensation programs with organizational objectives and budget requirements.
- Consult with leaders on compensation matters related to recruitment, retention, provider productivity, and workforce planning.
Ensure Regulatory Compliance
- Support compliance with all applicable federal, state, and local regulations impacting provider compensation.
- Assist with compensation reviews and documentation related to healthcare regulatory requirements, including fair market value and commercial reasonableness considerations.
Design Innovative Provider Compensation Models
- Assist in developing and maintaining a variety of provider compensation arrangements, including:
- Productivity-based compensation plans
- Value-based compensation programs
- Hybrid compensation models
Specialty-specific provider compensation structures
- Evaluate compensation plan effectiveness and recommend enhancements that drive organizational and provider performance.
What We're Looking For
- Demonstrated experience in provider compensation, physician compensation, or healthcare compensation consulting.
- Strong understanding of provider compensation methodologies, benchmarking data, productivity metrics (wRVUs), and incentive plan design.
- Advanced analytical and financial modeling capabilities.
- Experience partnering with physician leaders, executives, and cross-functional stakeholders.
- Knowledge of healthcare regulatory requirements impacting provider compensation preferred.
-Ensure all compensation and benefits programs comply with federal, state, and local laws, regulations, and accreditation standards.
-Assist in developing and maintaining compensation models, including productivity-based, value-based, and hybrid compensation plans for different types of providers and specialties.
Education
- Bachelor's Degree Human Resources Management required or Bachelor's Degree Related Field of Study required
Experience
- 5-7 years experience in provider compensation analysis, benefits administration, or related roles in a healthcare setting required
Knowledge, Skills and Abilities
- - Strong knowledge of provider compensation models, benefits administration, and regulatory requirements in healthcare.
- - Proficiency in data analysis tools, HRIS, compensation management software, and Microsoft Excel.
- - Excellent analytical, problem-solving, and communication skills.
- - Experience working with healthcare provider compensation plans, including RVU-based and value-based models.
- - Knowledge of physician compensation regulations.
- - Ability to maintain confidentiality and handle sensitive information.
Additional Job Details (if applicable)
Working Model Requirements
- Remote
- M-F Eastern business hours required
- Employees must use a stable, secure, and compliant workstation in a quiet environment. Teams video is required and must be accessed using MGB-provided equipment.
Remote
399 Revolution Drive
40
Regular
Day (United States of America)
Pay Range
$79,560.00 - $115,720.80/Annual
Grade
7
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.
