Director Provider Compensation Physician Enterprise - NW Mar
The posted compensation range of $54.12 - $78.47 /hour is a reasonable estimate that extends from the lowest to the highest pay CommonSpirit in good faith believes it might pay for this particular job, based on the circumstances at the time of posting. CommonSpirit may ultimately pay more or less than the posted range as permitted by law.
In 2020, united in a fierce commitment to deliver the highest quality care and exceptional patient
experience, Virginia Mason and CHI Franciscan Health came together as natural partners to build a new
health system centered around the patient: Virginia Mason Franciscan Health. Our combined system
builds upon the scale and expertise of our nearly 300 sites of care, including 11 hospitals and nearly
5,000 physicians and providers. Together, we are empowered to make an even greater impact on the
health and well-being of our communities.
CHI Franciscan and Virginia Mason are now united to build the future of patient-centered care across the
Pacific Northwest. That means a seamlessly connected system offering quality care close to home. From
basic health needs to the most complex, highly specialized care, our patients can count on us to meet
their needs with convenient access to the region’s most prestigious experts and innovative treatments
and technologies.
Responsibilities
This position contributes to the organization by leading a compensation team that provides direction,
resources, and support to over 1600 Physicians and Advanced Practice Providers (APPs). The Director will
ensure that valuable information critical to the success of our business is being shared and executed
through the appropriate communications channels. The incumbent will act as a member of the Virginia
Mason Franciscan Health (VMFH) Physician Enterprise (PE) management team and will work closely with
VMFH PE executive leadership. The incumbent must have the ability to work effectively and
collaboratively in a diverse and multi-cultural environment. Work also includes the
development/implementation of competitive provider compensation plans/models/processes that meet
organizational objectives and engender a sustained competitive advantage for the organization.
ESSENTIAL KEY JOB RESPONSIBILITIES
● Leads the annual strategic planning process in developing a vision and operating plans for
provider compensation; provides expertise in the formulation of comprehensive compensation
strategies designed to meet VMFH’s PE growth strategy and service line strategies;
develops/recommends continual refinement of quality-based provider compensation
structures/models to support the established strategies and evolving environment of
accountable care and value-based reimbursement.
● Keeps abreast of prevailing standards/models of provider compensation, new/changing
regulatory requirements, key production benchmarks, value-based care models/metrics and
competitive industry practices as well as organizational initiatives with the potential to impact
current strategies; researches, develops and implements best practices in the utilization of
value-based metrics, as a means to proactively prepare and respond to the environment of
accountable care and value-based reimbursement; monitors provider engagement/satisfaction
with VMFH PE compensation approach and structure.
● Monitors/evaluates the performance of current provider compensation models/practices in
producing desired results; ensures that compensation practices are audited periodically and that
variances/deficiencies are timely identified and addressed; identifies root cause(s) of
issues/performance shortfalls and viable opportunities for improvement.
● Develops, recommends and/or oversees implementation of new/revised
policies/procedures/models to respond to changing priorities, business objectives or competitive
pressures and/or assure consistency/compliance with applicable legal/regulatory requirements;
assures transparency and timely execution/communication of changes to current
standards/models.
● Oversees activities relating to the timely and accurate compensation/payroll, accounting and
financial reporting for the provider compensation program; oversees the calculation, tracking
and reporting of key performance indicators relating to provider compensation (e.g. productivity,
value-based metrics, etc.); ensures that accurate and timely payroll calculations and timely
payments are made for all VMFH PE employed providers; ensures all internal processes are fully
documented, understood and followed in accordance with established procedures.
● Leads the development and implementation of methodologies for tracking non-wRVU activities
for which providers are compensated; assures that wRVU data for provider compensation
calculation purposes is accurate, contains all relevant modifications and that value-based metrics
are updated and processed in a timely manner; oversees the process for quarterly provider
compensation resets.
● Oversees the tracking of expenditures and benchmarks compensation information to both
internal and external sources, including CommonSpirit, MGMA and ECG comparative databases;
monitors the accuracy and fair market value of provider compensation for VMFH PE affiliates
under professional services agreements;
● Reviews and analyzes requests for modifications to current provider compensation models for
appropriate alignment with VMFH PE and CommonSpirit policy/goals; submits requests for
policy updates as appropriate to foster a competitive and equitable provider compensation
program.
● Establishes and maintains a close relationship with National compensation leadership to assure
that the VMFH PE program is in alignment with, and is effectively supporting, the overall
organizational standards and policies of CommonSpirit; manages the checklist process for new
providers to assure compliance with CommonSpirit National fair market value standards;
advocates for transparent compensation standards and the commercial reasonableness of all
provider compensation models that support VMFH financial and quality goals.
● Participates in various VMFH PE Compensation Committees as well as other relevant
decision-making bodies.
● Supervises day-to-day operations of members of the Provider Compensation team. Manage staff
workload balance, promote teamwork, coach staff to promote professional development,
manage clear expectations and provide regular and ongoing feedback.
May be required to perform other duties as assigned.
Qualifications
Education:
Bachelor’s degree in a discipline related to the duties of the
position, and six years of related healthcare work experience that
would demonstrate attainment of the requisite job
knowledge/abilities, including three years in a management
capacity.
Master’s degree in a discipline related to the duties of the position
is preferred.
Required Minimum Knowledge, Skills, Abilities, and Training:
Knowledge of the principles, standards, practices and
administrative tools relating to provider compensation.
● Ability to lead the development of appropriate
compensation package recommendations based on
applicable benchmark metrics and influenced by practice
type/specialty and other relevant factors.
● Computer proficiency with experience in Microsoft Office
and Excel.
● Must be a strong self-starter and can work and make
independent decisions with minimum direction.
● Must be a motivated leader with excellent interpersonal,
written and verbal communication skills.
Experience utilizing cloud based tools like Google Workspace.
Join our Talent Community so you can stay connected and be alerted to future opportunities.
Sign UpNo recently viewed jobs
You have no saved Jobs