Physician Compensation Consultant - Remote

About the role

This role focuses on driving complex corporate and business segment projects/initiatives to completion through design, implementation and maintenance phases. It involves providing compensation consulting and analytical support for employed physicians, advanced practice clinicians, and other care delivery compensation programs.

Responsibilities

• Drive complex corporate and business segment projects/initiatives to completion through design, consulting, and implementation of Provider compensation programs, assemble compensation packages, and analytic support of Provider compensation programs
• Gain consensus on Provider compensation philosophy and desired strategy
• Perform quantitative and qualitative analysis of healthcare and financial data to support program management for all Provider roles in care delivery
• Provide recommendations on compensation models and metrics that incentivize Provider productivity and performance and align with the organizational and financial objectives of the business
• Assist leadership with determining desired market position for total cash compensation
• Build solid relationships with Provider leaders of each business to ensure effective compensation solutions and strengthen Provider engagement
• Salary survey participation and analysis, and conduct annual review of market data and communicate compensation range information
• Perform annual compensation reviews and construct templates for each individual Provider by analyzing information and evaluating results
• Respond to inquiries regarding Provider total cash compensation, incentive and productivity information, non-standard pay practices, etc
• Compile, categorize, tabulate, audit and verify Provider earnings, quality indicators, RVUs, productivity information for pay change recommendations
• Affirmative action plan participation and analysis, and conduct annual review of market data and communicate compensation range information
• Assist with annual FMV analysis and presentation to OptumHealth Sr Leadership
• Strategic partner for the business when it comes to Provider compensation, creating solutions to meet the business need while also balancing legal regulatory compliance
• Liaison for participation in external surveys, provides annual presentation of survey information to leaders
• Provide analytic support on compensation projects
• Works on the most complex compensation projects independently, drives and completes the projects with little to no oversight
• Work with the compensation leadership to proactively identify value-added compensation initiatives
• Works directly with Human Capital Partners on complex field-initiated projects, generally with no oversight
• Remain abreast of best practices and contemporary pay practices within the industry

Qualifications

• 5+ years of experience of Provider compensation experience, including experience with analysis and understanding of Provider practice metrics Includes business acumen and an understanding of Provider practices
• Demonstrated experience with Provider productivity and compensation benchmark data
• Demonstrated experience with the Stark Law and Anti-Kickback Statute (AKS)
• Demonstrated experience in leading complex and long-term projects to completion
• Solid history of quickly building relationships, gaining credibility, influencing and partnering with business leaders and human capital peers across the organization
• Proven ability to partner with multiple constituents, and proven success working in a matrix environment
• Proven advanced skills with Microsoft Excel and Power Point
• Willingness to travel up to 10%-15%

Preferred Qualifications

• Professional certification, such as CPCV
• External Provider compensation consulting experience is solidly desired
• Experience with Provider compensation M&A due diligence
• Experience with Microsoft Power BI
• Experience with creating Microsoft macros
• AI experience

Benefits

Our mission of helping people live healthier lives extends to our team members. Learn more about our range of benefits designed to help you live well.

Life Resources and support to focus on what matters most to you, in every facet of your life.

Emotional Education, tools and resources to help you reduce and manage stress, build resilience and more.

Physical Health plans and other coverage to support wellness for you and your loved ones.

Financial Benefits for today and to help you plan for the future, including your retirement.