Director of Physician Compensation

Prisma Health; Columbia (SC); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Director of Physician Compensation to provide strategic leadership in managing clinician compensation. This role is pivotal in ensuring compliance with regulations and aligning compensation structures with organizational goals. The Director will oversee compensation programs, lead data analytics, and serve as a primary contact for compensation-related matters. Candidates should possess extensive experience in physician compensation and demonstrate strong leadership and analytical skills. Join a transformative healthcare organization that values compassion and integrity in serving the community.

Qualifications

• 7-10 years of experience in physician compensation and regulatory compliance.
• Strong leadership skills with experience managing teams in healthcare.

Responsibilities

• Lead development and administration of physician compensation programs.
• Ensure compliance with regulatory standards and internal policies.

Skills

Regulatory Compliance

Analytical Skills

Relationship Management

Leadership

Compensation Modeling

Education

Bachelor’s degree in Business Administration

Master’s degree in related field

Tools

Compensation Management Software

Job description

Inspire health. Serve with compassion. Be the difference.

Job Summary

Under the direction of the VP-CFO Ambulatory, the Director of Physician Compensation will provide strategic leadership and operational oversight for all aspects of clinician compensation within Prisma Health Medical Group. This role is responsible for managing physician compensation programs, ensuring regulatory compliance, and aligning compensation structures with organizational objectives. The Director will lead data aggregation, analytics, performance metric calculations, and compensation administration, while also providing financial insights and responding to provider inquiries. The incumbent will establish a centralized operating model to standardize compensation practices across service areas, optimizing efficiency and consistency in physician compensation management.

Essential Functions

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

1. Compensation Plan Administration

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

1. Regulatory Compliance and Risk Management

2. 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.
3. Collaborate with legal counsel and compliance teams to ensure compensation structures meet all regulatory and organizational requirements.
4. Establish and maintain policies, procedures, and governance frameworks to mitigate legal and financial risks related to physician compensation.
5. Ensure all physician compensation arrangements comply with Prisma Health’s internal policies and external regulatory standards.

1. Leadership and Organizational Impact

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

1. Performs other duties as assigned.

Supervisory/Management Responsibilities

1. 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

1. Education – Bachelor’s degree required (Business Administration, Finance, Healthcare Administration, or a related field). Master’s degree preferred.
2. 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

1. NA

Required Certifications, Registrations, Licenses

1. NA

Knowledge, Skills and Abilities

1. In-depth knowledge of regulatory and legal requirements governing physician compensation (e.g., Stark Law, Anti-Kickback Statute, FMV/CR).
2. Strong relationship management skills, with the ability to collaborate effectively with physicians, administrators, and executive leadership.
3. Exceptional analytical abilities to interpret complex compensation data and translate insights into strategic recommendations.
4. 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.
5. Strong leadership and people management capabilities, fostering a high-performance culture.
6. Ability to drive continuous improvement initiatives, enhancing the efficiency and effectiveness of physician compensation processes.

Work Shift

Day (United States of America)

Location

Corporate

Facility

7001 Corporate

Department

70019152 Medical Group Finance Administration

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.