Vice President Provider Compensation

Vice President, Provider Compensation

Corewell Health is seeking a Vice President, Provider Compensation. This role is responsible for overseeing the system employed provider compensation strategy and program, ensuring providers are compensated competitively, transparently, timely, and accurately. The Vice President, Provider Compensation will help drive the organization's market competitiveness and system alignment, focused on supporting provider experience, engagement, retention, as well as positioning the organization for future success in a changing healthcare landscape.

Essential Functions

1. Leads, manages, and mentors a team to build and maintain a unified employed provider compensation program that enables team member engagement, retention, and attraction.
2. Develops & maintains a standardized employed provider compensation function for the system, focusing on delivering accurate and timely payments to providers.
3. Ensures provider compensation plans are competitive, cost-effective, drive a high-performance culture, and are aligned with current and future strategic direction.
4. Partners with compliance and legal departments to develop & maintain plans/procedures that ensure a compliant employed provider compensation function that meets regulatory & compliance adherence.
5. Partners with other Corewell Health shared services including but not limited to human resources, finance, revenue cycle, recruitment, legal, compliance, and clinical operations departments to ensure matters related to provider compensation are handled collaboratively and in alignment with system values and strategies.
6. Advises regional executive teams as to how compensation plan design can be leveraged to achieve improved outcomes related to value-based care and population health initiatives.
7. Inspires a culture of transparency and fairness through tailored and continuous communication; develops creative communication approaches appealing to multiple generations.

Candidate Qualifications

• Bachelor's Degree. Required
• Master's degree or equivalent combination of education and/or professional certifications (e.g., CPA, MBA)
• 10 years of relevant experience leadership in finance, human resources, compensation, legal, compliance, or clinical operations. Required
• 5 years of relevant experience Familiarity with provider compensation plans, compensation and productivity (e.g., wRVU) benchmarking, and regulatory requirements (such as Fair Market Value and Stark Law). Required
• Healthcare industry experience, including but not limited to, hospitals and physician practices. Required

About Corewell Health

As a team member at Corewell Health, you will play an essential role in delivering personalized health care to our patients, members and our communities. We are committed to cultivating and investing in YOU. Our top-notch teams are comprised of collaborators, leaders and innovators that continue to build on one shared mission statement - to improve health, instill humanity and inspire hope. Join a nationally recognized health system with an ambitious vision of continued advancement and excellence.

How Corewell Health cares for you

• Comprehensive benefits package to meet your financial, health, and work/life balance goals.
• On-demand pay program powered by Payactiv
• Discounts directory with deals on the things that matter to you, like restaurants, phone plans, spas, and more!
• Optional identity theft protection, home and auto insurance, pet insurance
• Traditional and Roth retirement options with service contribution and match savings

Primary Location

SITE - Corewell Health Place - 100 Corewell Drive NW - Grand Rapids

Department Name

Physician Compensation

Employment Type

Full time

Shift

Day (United States of America)

Weekly Scheduled Hours

40

Hours of Work

8 a.m. to 5 p.m.

Days Worked

Monday to Friday

Weekend Frequency

N/A