AVP, Provider Compensation

WVU Medicine

5d•Onsite

About The Position

This position will oversee all aspects of APP and Physician total cash compensation, providing strategy, planning and consultation related to complex compensation plans across the Health System.

Requirements

Bachelor’s degree in Business, Healthcare/Administration, Finance or related field.
Ten (10) years of compensation design experience in healthcare, health system, or multi-site medical groups with seven (7) years of experience specific to provider compensation.
Five (5) years of leadership/people management experience.
In depth knowledge of provider compensation methodologies and market trends.
Solid foundation in understanding and analysis of business financials.
Strong analytical and problem-solving skills, excellent communication and interpersonal skills, and proficiency in compensation software and tools.

Nice To Haves

Master's degree in human resources, industrial relations, business administration, or related field.
Certified Compensation Professional (CCP) or similar certification.
Experience in an academic health center environment or a large multi-specialty physician group practice, a vertically integrated health system, or multi-site physician practice preferred.
Experience in the oversight of provider compensation management applications.

Responsibilities

Design, develop, and implement compensation strategies and models that support WVU Medicine's strategic objectives and promote competitive and fair pay practices for both physicians and APPs.
Manage and oversee all aspects of physician and APP compensation programs, including salary and incentives.
Ensure all compensation plans comply with federal, state, and local regulations, including Stark Law and Fair Market Value, as well as organizational policies and procedures.
Conduct regular analysis of compensation data to identify trends, benchmark against industry standards, and make recommendations for adjustments.
Work closely with leadership, human resources, WVUHS Total Rewards/Compensation leadership, finance, and other departments to develop and communicate compensation strategies and practices including strategic input for future planning and growth.
Partner with leadership to ensure compensation plans are aligned with performance metrics and organizational goals; Familiarity with productivity metrics such as wRVUs.
Prepare and present regular reports on compensation program effectiveness and provide insights to enhance decision-making processes; conduct recurring benchmarking for base and total compensation using industry surveys.
Educate physicians, APPs, and staff on compensation plans, policies, and procedures.
Mindful management of budgets and forecasts for forward-looking implementations and improvements.
Coordinate and support the physician/APP compensation committee.