Manager, Provider Compensation

Job Description

The Manager of Provider Compensation leads a team in managing the compensation functions for all Valley Health Medical Group (VHMG) providers. The Manager is responsible for planning, developing, and implementing various compensation programs, policies, and procedures in support of the VHMG leadership team. The Manager leads the team in building relationships with the provider workforce through collaboration with leadership, legal and compliance, human resources, payroll, recruitment and finance teams throughout Valley Health System. The Manager ensures the group serves as trusted business partners to support the organization's strategic goals and enhance provider engagement and satisfaction.

Responsibilities and Duties

Designs, implements, and manages provider compensation models aligned with industry best practices and organizational goals.

Ensures compliance with federal and state regulations (e.g., Stark Law, Anti-Kickback Statute) related to provider compensation.

Achieves compilation of a high-performing team equipped to support development of compensation strategies that support provider retention, productivity, and quality outcomes.

Ensures accuracy of technology and personnel calculating incentive-based pay structures, including RVU-based, quality-based, and value-based compensation models.

Supports team's capability to perform compensation modeling and analyses with a clear understanding of Fair Market Value principles.

Collaborates with finance and legal teams to oversee team's completion of regular market analyses, benchmarking, and annual survey submissions.

Conducts periodic reviews for fairness and equity, and certifies the team is competent and confident to address provider compensation concerns.

Directs team of analysts to ensure data integrity, precise calculations and rigorous processes are supported by technological solutions.

Education

Bachelor's degree in Business Administration, Healthcare Administration, Human Resources, or a related field is required.

Master's degree is preferred.

Experience

Two years of experience in provider compensation leadership position within a healthcare setting required.

Experience with design provider compensation plans and leading provider groups in complex compensation programs.

Experience in working with industry benchmarks (MGMA, AMGA, Sullivan Cotter), performing valuations of compensation models, and monitoring the effectiveness of existing compensation practices.

Experience leading team members in evaluating business models, performance metrics and developing KPIs with a focus on both financial and clinical utilization metrics.

Qualifications

Comprehensive understanding of physician compensation structures, contract negotiations, and compliance regulations.

Excellent communication (written and verbal), active listening, and interpersonal skills are crucial for engaging with providers, leaders, and stakeholders.

Ability to identify and resolve issues that may arise during a provider's payment cycle.

Knowledge of training methodologies and the ability to develop and deliver compensation materials.

Demonstrated ability to motivate and lead a team.

Proactive and motivated to learn independently as well as collaborate with groups.

Attention to detail with an ability to execute with accuracy and meticulousness are important for provider compensation responsibilities.

Excellent leadership, project management, and strategic planning skills.

Interpersonal and communication skills, with the ability to work effectively with executives, providers, and staff.

Proficiency in compensation modeling tools.

Demonstrated project management skills in multiple instances, including payment cycle planning, execution and completion.

Benefits

At Valley Health, we believe everyone is a caregiver, and our goal is to create an environment where our caregivers thrive physically, financially, and emotionally. In addition to a competitive salary, our most popular benefits for full-time employees include :

• A Zero-Deductible Health Plan
• Dental and vision insurance
• Generous Paid Time Off
• Tuition Assistance
• Retirement Savings Match
• A Robust Employee Assistance Program to help with many aspects of emotional wellbeing
• Membership to Healthy U : An Incentive-Based Wellness Program

Valley Health also offers a health savings account & flexible spending account for childcare, life insurance, short-term and long-term disability, and professional development. In addition, several perks come with working for the largest employer in the region, such as discounts to on-campus dining, and more.