Essentia Health
Senior Director, Provider Compensation
Essentia Health, Duluth, Minnesota, United States, 55806
Essentia Health Senior Director, Provider Compensation Duluth, Minnesota Apply Now
Minimum Qualifications:Bachelor’s Degree in Finance, Business or related fieldMaster’s or CPA preferred8-12 years healthcare experience, including leading and developing provider comp models aligned with organizational strategic initiativesJob Summary:
The Senior Director of Provider Compensation is responsible for providing strategic leadership to support Essentia’s mission. This role will shape the vision for physician and APP compensation for Essentia, ensuring a strategic design that fits Essentia’s mission and values with the goal of achieving best practice in the near-term future state. The Senior Director will report to the SVP, Financial Operations and be accountable for leading and developing a team responsible for administering all provider compensation programs at Essentia Health.This position also supports the Essentia Physician and Provider Compensation Committee (EPPC) working closely with the EPPC Chair and Provider Workgroup members. This position will develop, implement, and administer provider compensation strategies, models, and programs. The Sr. Director will develop compensation plans and incentives, direct the preparation of compensation models, document fair market value and commercial reasonableness, administer provider contracts and associated reporting, create and maintain policies and best practices, and monitor industry trends involving provider compensation.The Sr. Director will ensure provider compensation models and practices are effective, well understood, compliant with applicable state and federal laws and regulations, and aligned with Essentia's provider compensation philosophy and strategic objectives.Primary Accountabilities:Leading strategic design of provider compensation models that align incentives to support organizational performance.Developing, implementing, and administering provider compensation strategies, models, and programs.Developing communication strategy and making presentations on provider compensation to Board, Provider Leadership, EPPC, and executive leadership.Providing guidance and support to providers on compensation and performance-related issues.Responsible for the development of the annual operating budget for provider compensation for all employed providers.Supports the EPPC by organizing meeting agendas in collaboration with Chair, providing research, guidance, insights, analysis, and recommendations to the Committee.Participates in the development of FMV compensation, reasonableness testing, and FMV variation.Creating policies and procedures that support solid compensation philosophies and are in alignment with organizational needs and industry best practices.Monitoring industry trends and establishing solid audit processes.Ensuring models are effective, understandable, and compliant with federal and state regulations.Designing plans to support the organization’s ability to attract, reward, and retain top talent.Providing analysis and support to compensation committee and other stakeholders.Developing provider dashboards and educational material providing insight into individual compensation models and metrics.Administering contracts and reporting results.Leadership Expectations:Strong commitment to the Mission and Values of Essentia Health.Proven capability to build a cohesive, high-functioning team across the network.Responsible for the development of staff to create leadership and skillsets necessary to take on roles of increased accountability.Lead transformation through effective change management and communication strategies.Build and maintain relationships with key stakeholders to understand their requirements for financial data and analysis.Develop clear, insightful presentations to system, market, and provider leaders based on financial and clinical information.Job Location:
Peerless BuildingShift Rotation:
Day Rotation (United States of America)FTE:
1Equal Employment Opportunity (EEO) at Essentia:
It is our policy to afford EEO to all individuals, regardless of race, religion, color, sex, pregnancy, gender identity, national origin, age, disability, family medical history, genetic information, sexual orientation, marital status, military service or veteran status, culture, socio-economic status, status with regard to public assistance, and other factors not related to qualifications.
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Minimum Qualifications:Bachelor’s Degree in Finance, Business or related fieldMaster’s or CPA preferred8-12 years healthcare experience, including leading and developing provider comp models aligned with organizational strategic initiativesJob Summary:
The Senior Director of Provider Compensation is responsible for providing strategic leadership to support Essentia’s mission. This role will shape the vision for physician and APP compensation for Essentia, ensuring a strategic design that fits Essentia’s mission and values with the goal of achieving best practice in the near-term future state. The Senior Director will report to the SVP, Financial Operations and be accountable for leading and developing a team responsible for administering all provider compensation programs at Essentia Health.This position also supports the Essentia Physician and Provider Compensation Committee (EPPC) working closely with the EPPC Chair and Provider Workgroup members. This position will develop, implement, and administer provider compensation strategies, models, and programs. The Sr. Director will develop compensation plans and incentives, direct the preparation of compensation models, document fair market value and commercial reasonableness, administer provider contracts and associated reporting, create and maintain policies and best practices, and monitor industry trends involving provider compensation.The Sr. Director will ensure provider compensation models and practices are effective, well understood, compliant with applicable state and federal laws and regulations, and aligned with Essentia's provider compensation philosophy and strategic objectives.Primary Accountabilities:Leading strategic design of provider compensation models that align incentives to support organizational performance.Developing, implementing, and administering provider compensation strategies, models, and programs.Developing communication strategy and making presentations on provider compensation to Board, Provider Leadership, EPPC, and executive leadership.Providing guidance and support to providers on compensation and performance-related issues.Responsible for the development of the annual operating budget for provider compensation for all employed providers.Supports the EPPC by organizing meeting agendas in collaboration with Chair, providing research, guidance, insights, analysis, and recommendations to the Committee.Participates in the development of FMV compensation, reasonableness testing, and FMV variation.Creating policies and procedures that support solid compensation philosophies and are in alignment with organizational needs and industry best practices.Monitoring industry trends and establishing solid audit processes.Ensuring models are effective, understandable, and compliant with federal and state regulations.Designing plans to support the organization’s ability to attract, reward, and retain top talent.Providing analysis and support to compensation committee and other stakeholders.Developing provider dashboards and educational material providing insight into individual compensation models and metrics.Administering contracts and reporting results.Leadership Expectations:Strong commitment to the Mission and Values of Essentia Health.Proven capability to build a cohesive, high-functioning team across the network.Responsible for the development of staff to create leadership and skillsets necessary to take on roles of increased accountability.Lead transformation through effective change management and communication strategies.Build and maintain relationships with key stakeholders to understand their requirements for financial data and analysis.Develop clear, insightful presentations to system, market, and provider leaders based on financial and clinical information.Job Location:
Peerless BuildingShift Rotation:
Day Rotation (United States of America)FTE:
1Equal Employment Opportunity (EEO) at Essentia:
It is our policy to afford EEO to all individuals, regardless of race, religion, color, sex, pregnancy, gender identity, national origin, age, disability, family medical history, genetic information, sexual orientation, marital status, military service or veteran status, culture, socio-economic status, status with regard to public assistance, and other factors not related to qualifications.
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