Senior Physician Compensation Specialist

1 week ago


BalaCynwyd, Pennsylvania, United States Pennsylvania Medicine Full time
Job Summary:

As a key member of the Penn Medicine Medical Group Regional Practices team, the Director of Physician Compensation will play a vital role in shaping the organization's compensation strategy. Reporting to the SVP, PMMG Regional Practices, this individual will lead a team of compensation and finance professionals, providing strategic guidance on complex compensation plans and contract management.

Key Responsibilities:
  1. Develop and maintain compensation plans for physicians across Penn Medicine Medical Group Regional Practices, utilizing industry best practices and compensation surveys.
  2. Provide consultation to Senior Management and Physician Recruitment on salary offers and compensation plans, ensuring alignment with the organization's compensation philosophy.
  3. Partner with Finance, Operational leaders, Provider Recruitment, Corporate Compensation, and Physician Leadership to ensure consistent and effective provider compensation plans.
  4. Collaborate with compensation committees, external consulting firms, and AVP of Corporate Compensation to ensure compliance with the Physician Compensation Program Plan Document.
  5. Ensure that compensation plans are fair, transparent, and sustainable, with a focus on fiscal responsibility and adaptability to changing environments.

Requirements:
  • 5+ years of healthcare compensation experience, preferably in provider compensation (physicians and advanced practice providers).
  • Experience with productivity and incentive compensation models, external benchmarking, and professional fee reimbursement.
  • Certified Compensation Professional (CCP) certification preferred.
  • Bachelor's degree in a related field, such as Compensation, Human Resources, Accounting, or Business Administration.

What We Offer:
  • A comprehensive compensation and benefits package, including a prepaid tuition assistance program.
  • A dynamic and supportive work environment that encourages professional growth and development.
  • The opportunity to work with a talented team of professionals who are passionate about delivering exceptional care and advancing medical knowledge.


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