Director Physician Compensation
Welcome to UC Health, where we are dedicated to providing exceptional healthcare to our community. We are currently seeking a highly qualified and motivated individual to join our team as the Director of Physician Compensation. This role is crucial in ensuring that our physicians are properly compensated for their valuable contributions to our organization. We are looking for a candidate with a deep understanding of physician compensation trends and regulations, as well as strong leadership skills to effectively manage and develop our compensation programs. If you are passionate about fair and competitive compensation for healthcare professionals and possess the necessary qualifications, we encourage you to apply for this exciting opportunity.
- Develop and implement a comprehensive physician compensation strategy that is competitive, fair, and compliant with industry standards and regulations.
- Conduct ongoing research and analysis of physician compensation trends and make recommendations for adjustments to compensation programs.
- Collaborate with other departments, such as finance and human resources, to ensure alignment of physician compensation programs with overall organizational goals and budgets.
- Oversee the administration of physician compensation, including salary, bonuses, incentives, and benefits, ensuring accuracy and timely processing.
- Lead and manage a team responsible for physician compensation, providing guidance and support to ensure effective and efficient operations.
- Develop and maintain strong relationships with physician leaders and key stakeholders to understand their needs and concerns related to compensation.
- Stay updated on changes in laws and regulations related to physician compensation and ensure compliance with all applicable laws.
- Develop and present reports and presentations related to physician compensation to senior leadership and the board of directors.
- Conduct regular evaluations and audits of compensation programs to identify areas for improvement and ensure fairness and equity.
- Collaborate with external consultants and vendors to benchmark and improve compensation programs.
- Develop and maintain policies and procedures related to physician compensation, ensuring consistency and adherence to best practices.
- Keep abreast of industry developments and best practices in physician compensation and make recommendations for continuous improvement.
- Provide guidance and support to resolve any issues related to physician compensation, including disputes or discrepancies.
- Foster a positive and collaborative work environment within the physician compensation team, promoting teamwork and professional development.
- Represent the organization in professional and community events related to physician compensation.
Advanced Degree In Healthcare Administration Or Business Administration: A Director Physician Compensation At Uc Health Should Have A Relevant Advanced Degree In Healthcare Administration Or Business Administration. This Will Ensure They Have A Strong Understanding Of Healthcare Operations And Financial Management.
Minimum Of 5 Years Of Experience In Physician Compensation: The Ideal Candidate Should Have A Minimum Of 5 Years Of Experience In Physician Compensation, Preferably In A Healthcare Setting. This Experience Should Include Designing And Implementing Compensation Plans, Managing Physician Contracts, And Conducting Market Analysis.
Knowledge Of Healthcare Regulations And Compliance: Uc Health Is Committed To Following All Regulatory And Compliance Requirements. Therefore, The Director Physician Compensation Should Have A Strong Understanding Of Healthcare Regulations, Such As Stark Law, Anti-Kickback Statute, And Medicare Reimbursement Rules.
Strong Analytical And Problem-Solving Skills: The Director Physician Compensation Will Be Responsible For Analyzing Data And Trends To Develop And Implement Compensation Plans That Align With Organizational Goals. They Should Possess Strong Analytical And Problem-Solving Skills To Ensure Effective Decision-Making.
Excellent Communication And Interpersonal Skills: This Role Will Require Frequent Communication With Physicians, Senior Leadership, And Other Stakeholders. The Director Physician Compensation Should Have Excellent Communication And Interpersonal Skills To Effectively Collaborate And Build Relationships With These Individuals. They Should Also Be Able To Communicate Complex Information In A Clear And Concise Manner.
Financial Analysis
Communication Skills
Project Management
Market Research
Contract Negotiation
Budget management
Data Management
Team Leadership
Regulatory compliance
Strategic Thinking
Compensation planning
Performance evaluation
Communication
Conflict Resolution
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
Empathy
Decision-making
According to JobzMall, the average salary range for a Director Physician Compensation in Aurora, CO, USA is $181,000-$281,000 per year. This may vary depending on the specific company, level of experience, and other factors.
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UCHealth is a not-for-profit health care system, headquartered in Aurora, Colorado, that includes hospitals and facilities throughout Colorado. It also includes affiliated hospitals in Wyoming and Nebraska.
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