Senior Compensation Consultant

Banner Health; United States; On-site; USD 100,000 - 125,000; Full time

Job summary

An established industry player is seeking a Program Director for Provider Compensation to lead innovative compensation solutions. In this pivotal role, you will conduct financial analyses, oversee complex compensation arrangements, and collaborate with senior leadership to ensure strategic alignment. Your expertise in finance and human resources will help shape the future of provider compensation, making a significant impact on recruitment and retention strategies. Join a team dedicated to transforming healthcare compensation practices and make a real difference in the industry.

Qualifications

• 7+ years in compensation, finance, or related projects.
• Strong analytical and business case development skills.

Responsibilities

• Design and lead provider compensation programs.
• Conduct financial analyses and market research on compensation.

Skills

Financial Analysis

Project Management

Analytical Skills

Communication Skills

Problem-Solving Skills

Education

Bachelor's Degree in Healthcare Administration

Master's Degree (Preferred)

Tools

Microsoft Excel

Word Processing Software

Job description

Department Name: Provider Compensation-Corp

Work Shift: Day

Job Category: Human Resources

Estimated Pay Range: $46.84 - $78.06 / hour, based on location, education, & experience.

In accordance with State Pay Transparency Rules.

You have a place in the health care industry. If you’re looking to leverage your abilities to make a real difference – and real change in the health care industry – you belong at Banner Health. Apply today.

Be part of a team that focuses on developing creative provider compensation solutions for Banner Health. The Provider Compensation department uses independent external market data to objectively evaluate and advise on provider compensation so that Banner Health is making the best long-term strategic decisions to recruit, engage, and retain providers.

As a Program Director, Provider Compensation, you will perform financial analysis of compensation arrangements by and between employed or community health care providers and Banner Health, or its affiliates. Your areas of focus will include market research on physician compensation rates and trends, performing detailed valuation analyses, excel-based modeling, project management, and general understanding of health care regulatory matters. As a team member of the HR Provider Compensation team, you will perform financial analyses, communicate key findings and observations to cross-organizational departments, and administer the physician and APP compensation program.

Working schedule is Monday-Friday, 8 hour days working remotely.

POSITION SUMMARY

This position designs and leads the administration of provider compensation programs that support the company’s short and long-term goals and objectives. This position will review complex hospital subsidy arrangements, physician employment and professional services agreements for Fair Market Value and Commercial Reasonableness. Will provide consultative services to the senior leadership teams. Make decisions on multimillion dollar arrangements. Coordinates with Legal to review and update new and existing contracts. Responsible for supervising staff and executives to ensure the integrity of compensation-related data and managing the timely and accurate processing, auditing, and analysis of provider compensation, and working closely with all leadership levels.

CORE FUNCTIONS

1. Provides leadership, perspective, and recommendations in developing and administering innovative, market-competitive physician and APP compensation methodologies aligned with the organization's strategic plan.
2. Reviews complex hospital subsidy arrangements, physician employment and professional services agreements for Fair Market Value and Commercial Reasonableness.
3. Provides consultative services to the senior leadership teams. Responsible for providing guidance to staff and executives to ensure the integrity of compensation-related data and managing the timely and accurate processing, auditing, and analysis of provider compensation, and working closely with all leadership levels.
4. Coordinates third-party Fair Market Value and Commercial Reasonableness valuations.
5. Coordinates with Legal to review and update new and existing contracts.
6. Utilizes analytical, presentation, and communication skills to engage with executive leadership and the physician compensation committee to review, develop, and implement compensation plans.
7. Provides staff support for councils and committees, including preparing, facilitating, and making recommendations for consideration.
8. This role will regularly interface with all levels of leadership and has influence at the executive and senior leadership levels. This position serves as a subject-matter-expert (SME), which includes proactively anticipating customer needs and expectations, along with potential solutions. This position will also interact with vendors and other outside parties, as needed.

MINIMUM QUALIFICATIONS

Must possess a strong knowledge of business, finance and/or human resources as normally obtained through the completion of a bachelor’s degree in healthcare administration, finance, accounting, business, legal, or other healthcare or business-related field.

This position requires proven success leading large-scale, complex compensation, finance or related projects and initiatives as typically demonstrated through seven years of progressively responsible experience. Must have strong business case development and analytical skills. Must also demonstrate an executive presence and possess strong project management and facilitation skills. Must have experience in cultural transformations and understanding how provider compensation plays a critical role in its success. Demonstrates financial and business savvy through strong business acumen. Requires understanding of key business metrics and drivers with the ability to design programs to these key drivers. Must have the ability to think strategically. Requires strong analytical and problem-solving skills. Must demonstrate excellence and proficiency in written and oral communications and have the ability to interact effectively at all levels of the organization.

Position requires proficiency in personal software applications, including word processing, generating spreadsheets, and creating graphics/presentations.

PREFERRED QUALIFICATIONS

Master’s degree preferred. Proven experience working in a physician and/or healthcare delivery system with emphasis in value-based healthcare.

Additional related education and/or experience preferred.

Anticipated Closing Window (actual close date may be sooner): 2025-08-15

EEO Statement: EEO/Female/Minority/Disability/Veterans

Our organization supports a drug-free work environment.

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