Director, Physician Compensation

Atlantic Health System•Morristown, NJ

10d•$230,899 - $319,761•Onsite

About The Position

The Director Compensation and Contracting is responsible for the strategic leadership, administration, and governance of physician compensation programs and provider employment contracting across the organization. The role oversees the design, implementation, analysis, and management of physician compensation arrangements and employment arrangements to ensure alignment with organizational objectives, market competitiveness, regulatory requirement and financial sustainability. The Director serves as a key advisor to executive leadership, physician leaders, legal counsel, finance, and operational stakeholders regarding provider compensation strategy, contract administration, retention, productivity, and fair market value compliance. The role supports employed physicians across the various sites, ambulatory practices, specialty service lines and affiliated physician groups.

Requirements

Strategic leadership, administration, and governance of physician compensation programs and provider employment contracting.
Design, implementation, analysis, and management of physician compensation and employment arrangements.
Alignment with organizational objectives, market competitiveness, regulatory requirements, and financial sustainability.
Advising executive leadership, physician leaders, legal counsel, finance, and operational stakeholders on provider compensation strategy, contract administration, retention, productivity, and fair market value compliance.
Support for employed physicians across various sites, ambulatory practices, specialty service lines, and affiliated physician groups.
Development, implementation, and administration of physician compensation programs.
Ensuring compensation models align with organizational goals, strategic priorities, physician engagement, quality outcomes, productivity, and financial performance.
Evaluation and recommendation of compensation methodologies, including productivity-based and administrative compensation arrangements.
Conducting market analyses using national physician compensation surveys and industry benchmarks.
Development of recommendations for physician recruitment offers, retention strategies, leadership stipends, call coverage arrangements, medical directorships, and incentive programs.
Monitoring physician compensation trends and emerging healthcare industry practices.
Directing the review, development, negotiation support, and administration of physician employment agreements and compensation-related contract provisions.
Partnering with Legal, Physician Recruitment, Finance, and Operational Leadership for timely contract execution.
Overseeing contract lifecycle management, including renewals, amendments, compensation modifications, and terminations.
Ensuring physician contracts accurately reflect approved compensation arrangements and organizational policies.
Maintaining contract templates, standards, and governance processes.
Leading compliance meetings to ensure physician compensation arrangements comply with applicable federal and state regulations (Stark Law, Anti-Kickback Statute, IRS requirements, etc.).
Collaborating with Compliance and Legal departments for audits, investigations, and regulatory reviews.
Establishing governance processes for physician compensation review, approval, and documentation.
Overseeing fair market value and commercial reasonableness assessments for physician compensation arrangements.
Maintaining compensation policies, procedures, and approval workflows.
Directing financial modeling and compensation analyses for physician employment, recruitment, retention, and strategic growth initiatives.
Developing physician compensation budgets and forecasting methodologies.
Monitoring physician compensation expense trends and productivity performance.
Preparing executive-level reports, presentations, dashboards, and recommendations.
Analyzing provider productivity, quality, and incentive performance metrics.
Leading and developing the Physician Compensation and Contracting team.
Establishing departmental goals, performance expectations, and operational priorities.
Promoting continuous improvement, process optimization, and operational excellence.
Fostering strong partnerships with physician leaders, service line executives, human resources, legal, finance, compliance, and operational teams.
Serving as a subject matter expert for physician compensation and contracting matters.

Responsibilities

Lead the development, implementation, and administration of physician compensation programs.
Ensure compensation models align with organizational goals, strategic priorities, physician engagement, quality outcomes, productivity, and financial performance.
Evaluate and recommend compensation methodologies, including productivity-based and administrative compensation arrangements.
Conduct market analyses utilizing national physician compensation surveys and industry benchmarks.
Develop recommendations regarding physician recruitment offers, retention strategies, leadership stipends, call coverage arrangements, medical directorships, and incentive programs.
Monitor physician compensation trends and emerging healthcare industry practices.
Direct the review, development, negotiation support, and administration of physician employment agreements and compensation-related contract provisions.
Partner with Legal, Physician Recruitment, Finance, and Operational Leadership to facilitate timely contract execution.
Oversee contract lifecycle management, including renewals, amendments, compensation modifications, and terminations.
Ensure physician contracts accurately reflect approved compensation arrangements and organizational policies.
Maintain contract templates, standards, and governance processes.
Lead bi-weekly compliance meetings with Committee to ensure physician compensation arrangements comply with applicable federal and state regulations, including Stark Law, Anti-Kickback Statute, IRS requirements, and other healthcare regulatory standards.
Collaborate with Compliance and Legal departments to support audits, investigations, and regulatory reviews.
Establish governance processes for physician compensation review, approval, and documentation.
Oversee fair market value and commercial reasonableness assessments for physician compensation arrangements.
Maintain compensation policies, procedures, and approval workflows.
Direct financial modeling and compensation analyses supporting physician employment, recruitment, retention, and strategic growth initiatives.
Develop physician compensation budgets and forecasting methodologies.
Monitor physician compensation expense trends and productivity performance.
Prepare executive-level reports, presentations, dashboards, and recommendations for senior leadership and governing committees.
Analyze provider productivity, quality, and incentive performance metrics.
Lead and develop the Physician Compensation and Contracting team.
Establish departmental goals, performance expectations, and operational priorities.
Promote continuous improvement, process optimization, and operational excellence.
Foster strong partnerships with physician leaders, service line executives, human resources, legal, finance, compliance, and operational teams.
Serve as a subject matter expert for physician compensation and contracting matters throughout the organization.

Benefits

Medical, Dental, Vision, Prescription Coverage (22.5 hours per week or above for full-time and part-time team members)
Life & AD&D Insurance.
Short-Term and Long-Term Disability (with options to supplement)
403(b) Retirement Plan: Employer match, additional non-elective contribution
PTO & Paid Sick Leave
Tuition Assistance, Advancement & Academic Advising
Parental, Adoption, Surrogacy Leave
Backup and On-Site Childcare
Well-Being Rewards
Employee Assistance Program (EAP)
Fertility Benefits, Healthy Pregnancy Program
Flexible Spending & Commuter Accounts
Pet, Home & Auto, Identity Theft and Legal Insurance