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Looking to Make a Difference in Someone’s Life?
Essentia Employees are driven by our mission, vision, and values, and we strive to provide patient care like nowhere else in an environment that promotes personal and professional growth.
Exceptional Benefit Package includes:
· Medical & Dental Insurance Options
· Paid Personal Leave
· 401(k) (with Essentia Health annual match)
· Life & Disability Insurance Options
· Tuition Reimbursement
· Adoption Assistance
· Employee Wellness Program
· Competitive PTO
· Paid Holidays
The Senior Director of Provider Compensation is responsible for providing strategic leadership to support Essentia’s mission. This role will shape the vision for physician and APP compensation for Essentia, ensuring a strategic design that fits Essentia’s mission and values with the goal of achieving best practice in the near-term future state. The Senior director will report to the SVP, Financial Operations and be accountable for leading and developing a team responsible for administering all provider compensation programs at Essentia Health. This position also supports the Essentia Physician and Provider Compensation Committee (EPPC) working closely with the EPPC Chair and Provider Workgroup members, this position will develop, implement, and administer provider compensation strategies, models, and programs. The Sr. Director will develop compensation plans and incentives, direct the preparation of compensation models, document fair market value and commercial reasonableness, administer provider contracts and associated reporting, create and maintain policies and best practices, and monitor industry trends involving provider compensation. Additionally, this person will ensure provider compensation models and practices are effective, well understood, compliant with applicable state and federal laws and regulations, and aligned with Essentia’s provider compensation philosophy and with strategic objectives.
The Sr. Director of Provider Compensation is a significant leadership role within Essentia and requires proven experience and success in leading the development of “best practice” provider compensation standards and managing the compensation review process across multiple geographies throughout the organization. The Sr. Director will have accountability for system oversight of provider compensation plans and will require an understanding of the National Labor Relations Board and Union negotiations. Additional responsibilities include planning, development, and implementation of specific pay practices to ensure legal compliance with company policies, state, and federal regulations. The Sr. Director will need to demonstrate the ability to inform and influence market leadership by developing and nurturing strong relationships with Essentia physicians, APPs, and Executives to drive successful execution of key strategies.
Education Qualifications:
• Bachelor’s Degree in Finance, Business or related field
• Master’s or CPA preferred
Years of experience required:
• 8-12 years healthcare experience, including leading and developing provider comp models aligned with organizational strategic initiatives
