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Posted: 23-Nov-24
Location: Durham, North Carolina
Categories:
Internal Number: 252080
Duke Health Integrated Practice is an exceptional, multi-specialty physician practice encompassing 140 clinics across North Carolina. We attract and retain premier medical professionals with competitive compensation, benefits, and a nurturing work atmosphere that unites passion and purpose.
Learn more about us: https://dhip.dukehealth.org/about-us
JOB LOCATION
DHIP Administrative Offices - 40 Duke Medicine Cir
JOB SUMMARY
Duke Health Integrated Practice (DHIP) and the Duke University School of Medicine (SoM) are seeking an experienced leader to oversee clinical faculty and clinically focused Advanced Practice Provider (APP) compensation models across the Duke Health system. This senior-level role involves strategic collaboration with DHIP and SoM leadership to design, implement, and continuously refine compensation strategies that are responsive to market dynamics and organizational goals. This role will establish an enterprise-wide capability to support compensation strategies and standards and manage the compensation review process for more than 2,000 physicians and APPs across the enterprise.
JOB DUTIES AND RESPONSIBILITIES
Compensation Strategy and Management: Develop an overarching physician compensation strategy and oversee the implementation of consistent compensation philosophy, and evaluation of physician compensation models that align with financial and organization objectives, that support and reward a world-class physician workforce. and assist with clinically focused APP compensation plan development, review, and design.
Future Compensation Design Development and Oversight: Collaborate with departmental leaders and executive teams to develop and modify compensation plans. Ensure compliance with existing plans and recommend adjustments as needed based on strategic objectives and market trends.
Broad System Coordination: Oversee compensation plan database for existing agreements and assure communication of all changes with significant financial or budgetary impact are known at the point of decision. Direct financial modeling and internal assessments and/or obtain external valuations for agreements to ensure compliance with policies and regulatory requirements.
Contract and Employment Agreement Logistics: Leading the development of contract language, contracting and renewal compensation design changes. Ensuring consistency in implementation, which may include managing a contract management system.
Business Planning: Supports Duke Health's business planning processes in conjunction with operational and financial leaders by providing guidance on compensation models, rates, and financial impacts.
Communicate and Educate: Coordinate with external consultants to conduct periodic market competitiveness surveys. Communicate with leaders and physicians on various compensation plans, models, and compliance requirements, including proposed changes. Analyze market and internal data and provide guidance and support to physician leaders on compensation and performancerelated issues.
Communication and Leadership: Serve as a central point of communication for compensationrelated decisions. Develop relationships with academic health systems nationally to benchmark and adopt best practices.
Internal Administration: Navigates the competing priorities and proposes creative solutions to bridge gaps between different members of the enterprise.
Change Management: Ability to design and implement systems that result in gaining buy-in, building trust, and influencing leadership and decision making using fact-based data and information.
Budgeting: Supporting DHIP and SoM finance in the development of the annual operating budget for physician compensation for all physicians and APPs. Create and monitor physician productivity and compensation dashboard.
Compliance and Fair Market: Establish a Fair Market Value/Commercial Reasonableness analyses of provider compensation proposals for new hires, existing employees and in support of proposed business plans. Recommend compensation rates for Professional Service Agreements within and outside of Duke.
Compensation Committee: Ensure appropriate compliance processes related to alignment of compensation philosophy, board committee required triggers for review and external and legal review as appropriate.
Operational Excellence: Develop and maintain rigorous internal control processes for compensation management, including routine audits, to ensure internal equity and compliance with organizational policies.
Staff and Resource Management: Oversee a shared services model for administrative and analytics support, partnering with DHIP Finance, DUHS, and SOM Finance and Faculty Affairs.
Physician Practice Leadership: Contribute to discussions related to the interests of physician community in enterprise-wide conversations and initiatives.
System Leadership: Navigate the competing priorities of academic medical centers, community and specialty hospitals and physician practices and propose creative solutions to bridge gaps between different members of the same enterprise.
Other duties as assigned.
JOB ELIGIBILITY REQUIREMENTS
Bachelor's degree in a quantitative field such as Business, Finance or Accounting, with master's degree in business, statistical analysis of health-related area strongly preferred.
At least 10 years of experience in clinician compensation, practice management, or financial management within an academic medical center. Large clinician compensation consulting firm experience strongly preferred
JOB HOURS
The schedule for this position is day shifts, Monday-Friday, with no weekends or holidays.
Some roles within our organization may encompass essential job functions requiring distinct physical and/or mental capabilities. Further details and accommodation requests will be addressed by individual hiring departments.
Duke Health Integrated Practice is dedicated to Equal Opportunity Employment, fostering a diverse workforce without regard to age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.
We aspire to build a community grounded in collaboration, innovation, creativity, and belonging. Our shared achievements rely on a dynamic exchange of ideas, flourishing best when a multitude of perspectives, backgrounds, and experiences thrive. Upholding these values is a collective responsibility within our community.
This job description aims to outline representative responsibilities for this title, not an exhaustive account of specific duties. Employees may be assigned job-related tasks beyond those explicitly outlined here.