Senior Physician Compensation Specialist
1 week ago
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:
- Develop and maintain compensation plans for physicians across Penn Medicine Medical Group Regional Practices, utilizing industry best practices and compensation surveys.
- Provide consultation to Senior Management and Physician Recruitment on salary offers and compensation plans, ensuring alignment with the organization's compensation philosophy.
- Partner with Finance, Operational leaders, Provider Recruitment, Corporate Compensation, and Physician Leadership to ensure consistent and effective provider compensation plans.
- Collaborate with compensation committees, external consulting firms, and AVP of Corporate Compensation to ensure compliance with the Physician Compensation Program Plan Document.
- 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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