Director of Physician Compensation

Inspire health. Serve with compassion. Be the difference.

Job Summary

Essential Functions

• All team members are expected to be knowledgeable and compliant with Prisma Health's values: Inspire health. Serve with compassion. Be the difference.

• Compensation Plan Administration
• Lead the development, implementation, and administration of physician compensation programs in alignment with Prisma Health's strategic goals.
• Partner with operational and financial leaders to provide expert guidance on compensation models, rate structures, and financial impacts.
• Oversee the reconciliation of physician compensation, ensuring accuracy, transparency, and compliance.
• Develop and maintain efficient processes for administering physician compensation arrangements.
• Facilitate the Physician Compensation Executive Committee, ensuring review and approvals for compensation requests per Prisma Health compensation policy.
• Design and implement management tools and key performance indicators to monitor physician compensation trends and budget alignment.
• Educate physicians and key stakeholders on updates to compensation methodologies, regulatory changes, and financial implications.
• Coordinate with physician contracting and payroll to ensure accurate and timely distribution of compensation.

• Regulatory Compliance and Risk Management
• Serve as a subject matter expert on physician compensation regulations, including Stark Law, Anti-Kickback Statutes, and Fair Market Value (FMV)/Commercial Reasonableness (CR) standards.
• Collaborate with legal counsel and compliance teams to ensure compensation structures meet all regulatory and organizational requirements.
• Establish and maintain policies, procedures, and governance frameworks to mitigate legal and financial risks related to physician compensation.
• Ensure all physician compensation arrangements comply with Prisma Health's internal policies and external regulatory standards.

• Leadership and Organizational Impact
• Act as the primary organizational contact for all clinician compensation-related matters.
• Represent Prisma Health's mission and values in all interactions with physicians, executive leadership, and external partners.
• Lead a team of compensation analysts and decision support professionals, providing oversight, mentorship, and performance management.
• Drive cross-functional collaboration with finance, legal, human resources, and operational leadership to align compensation strategies with system-wide objectives.
• Serve as a member of the Physician Compensation Executive Committee, contributing to high-level decision-making and strategy development.

• Performs other duties as assigned.

Supervisory/Management Responsibilities

• Job has direct and/or indirect supervision of team members that may include final budget authority, hire/termination authority, performance appraisal responsibility and disciplinary authority. Job will be considered a member of management staff at Prisma Health or affiliate and will have two or more direct reports.

Minimum Requirements

• Education -Bachelor's degree required (Business Administration, Finance, Healthcare Administration, or a related field). Master's degree preferred.
• Experience - 7 - 10 years of progressive experience in physician compensation, with deep expertise in regulatory compliance and compensation structures. 5+ years of leadership experience, managing teams and compensation programs within a healthcare system or medical group. Proven track record in designing, implementing, and administering physician compensation plans, including productivity-based models, incentive structures, and hybrid frameworks.

In Lieu Of

• NA

Required Certifications, Registrations, Licenses

• NA

Knowledge, Skills and Abilities

• In-depth knowledge of regulatory and legal requirements governing physician compensation (e.g., Stark Law, Anti-Kickback Statute, FMV/CR).

• Strong relationship management skills, with the ability to collaborate effectively with physicians, administrators, and executive leadership.

• Exceptional analytical abilities to interpret complex compensation data and translate insights into strategic recommendations.

• Proficiency in compensation modeling, financial forecasting, and performance benchmarking. Excellent communication skills, with the ability to present financial and operational data clearly to diverse audiences.

• Strong leadership and people management capabilities, fostering a high-performance culture.

• Ability to drive continuous improvement initiatives, enhancing the efficiency and effectiveness of physician compensation processes.

Work Shift

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Facility

Department

Share your talent with us! Our vision is simple: to transform healthcare for the benefits of the communities we serve. The transformation of healthcare requires talented individuals in every role here at Prisma Health.