Job Description
Job Requisition Number 28444Full-time, 40 Hours/Week
Day Shift
Onsite
Summary:
The Director of Provider Compensation is responsible for the strategic oversight, development, implementation, and administration of provider (Physician and Advanced Practice Providers) compensation programs across Akron Children's. This position ensures that compensation plans are competitive, equitable, compliant with regulatory requirements (e.g., Stark Law, Anti-Kickback Statute), and aligned with the organization's strategic goals and clinical performance objectives.
Responsibilities:
- Partner with senior physician and administrative leadership on the strategic design and operational implementation of provider compensation (e.g., physicans and advanced practice providers) models to align with organizational goals to ensure equity, transparency, and sustainability. Ensure compliance with federal and state regulations, including fair market value (FMV) and commercial reasonableness standards.
- Conduct regular compensation benchmarking using industry surveys (e.g., MGMA, AMGA, SullivanCotter).
- Collaborate with legal, finance, and operational teams to structure and review provider contracts and compensation models.
- Support the recruitment and retention of providers through competitive compensation strategies.
- Lead the annual compensation review cycle, including salary adjustments and bonus payouts.
- Provide education to physician leaders and executives on compensation plan design and performance metrics.
- Collaborate and partner with key stakeholders on business planning, and growth strategies, providing expertise in physician compensation to ensure financial alignment, sustainability, and support for strategic expansion initiatives.
- Partner with finance and analytics teams to ensure accurate reporting of productivity (e.g., wRVUs), quality performance, and other incentive-based metrics.
- Maintain documentation and audit trails for all compensation arrangements.
- Lead, mentor, and manage a high-performing team, fostering professional growth, accountability, and collaboration to ensure effective execution of departmental goals and initiatives. Monitor market trends and legislative changes to proactively adjust strategies as needed.
Other information:
Technical Expertise
- Familiarity with physician productivity metrics, including wRVUs and value-based care incentives.
- Experience working in a multi-specialty or hospital-based provider environment.
- Ability to manage complex stakeholder relationships and balance competing priorities.
- In-depth understanding of healthcare provider compensation models, regulatory compliance, and industry benchmarks.
- Strong project management, analytical, and interpersonal communication skills.
Education and Experience
- Education: Bachelor's degree in business, healthcare management, finance, or related field (Master's preferred).
- Licensure: None
- Certification: Certification in compensation or healthcare compliance (e.g., CCP, CHHR, CHC).
- Years of relevant experience: Minimum of 7 years of experience in provider compensation or healthcare finance.
- Years of supervisory experience: At least 3 years in a leadership role.
Full Time
FTE: 1.000000
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