Senior Physician Compensation Strategist (Remote)

Tufts Medicine; United States; Remote; USD 122,000 - 156,000; Full time

Job summary

Tufts Medicine seeks a seasoned physician compensation leader to design, administer, and refine compensation plans across employed physician groups, including academic and community practices. The role requires advanced modeling, market benchmarking, and collaboration with TMMG and Total Rewards teams.

You will deliver data-driven recommendations, lead FMV and market analyses, and present to governance bodies. Strong leadership, communication, and analytic skills are essential for success.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Healthcare Administration, Economics, Human Resources, Data Analytics, or a related field.
• Seven (7) years of progressive experience in physician compensation, provider compensation consulting, healthcare finance, provider analytics, or a closely related healthcare compensation role.
• Experience utilizing physician compensation benchmark surveys including MGMA, AMGA, SullivanCotter, AAMC, and/or comparable market data sources.
• Experience presenting compensation analyses and recommendations to physician leadership, executive leadership, and senior organizational stakeholders.

Responsibilities

• Leads the design, implementation, administration, evaluation, and ongoing refinement of physician compensation methodologies across employed physician groups.
• Develops recommendations regarding compensation structures, salary models, productivity incentives, quality incentives, value-based compensation components, leadership stipends, recruitment arrangements, and other compensation program elements.
• Maintains physician compensation plan documents, methodologies, policies, procedures, and supporting governance documentation.
• Directs the administration of physician compensation programs, ensuring accuracy and integrity of all data utilized in compensation calculations and reporting.
• Serves as the organizational resource regarding physician compensation benchmark data, market trends, and compensation best practices.
• Manages participation in physician compensation surveys and benchmarking initiatives and evaluate the organization’s market competitiveness.
• Analyzes physician compensation competitiveness across specialties and subspecialties utilizing benchmark surveys, productivity data, financial data, and organizational objectives.
• Develops and maintains complex financial models supporting physician compensation programs, physician recruitment initiatives, compensation redesign efforts, and strategic organizational decisions.
• Analyzes physician productivity, wRVUs, compensation-per-wRVU metrics, collections, incentive performance, quality metrics, and other provider performance indicators.
• Prepares executive-level reports, dashboards, presentations, and recommendations regarding physician compensation strategy and performance.
• Develops tools, metrics, and reporting methodologies to monitor compensation plan performance relative to organizational goals and financial targets.
• Partners with external valuation consultants to support Fair Market Value (FMV) and Commercial Reasonableness analyses.
• Coordinates preparation, validation, and submission of information required to support FMV reviews and valuation engagements.
• Collaborates with Legal, Compliance, Human Resources, Finance, and operational leadership to support compliance with applicable regulations and organizational policies.
• Proactively identifies physician compensation opportunities, risks, inefficiencies, and areas requiring review and improvement.
• Develops and implements reliable, timely, and efficient processes supporting physician compensation administration and governance.
• Serves as primary staff support to the TMMG Compensation Committee, including preparation of benchmarking analyses, financial models, compensation recommendations, meeting materials, and supporting documentation.
• Presents physician compensation recommendations and analyses to the TMMG Compensation Committee and other governance bodies for review and approval.
• Supports physician recruitment and retention efforts through compensation modeling, market analysis, and evaluation of proposed compensation arrangements.
• Serves as a trusted advisor to physician leadership, finance leadership, human resources, and executive management regarding physician compensation matters.
• Ensures appropriate data governance and maintain the integrity, accuracy, consistency, and security of data utilized in physician compensation programs.
• Partners with technical, finance, operational, and HR teams to improve compensation-related systems, reporting, and analytics.
• Leverages Workday and other enterprise systems to support compensation administration, reporting, and data management.
• Remains informed regarding physician compensation trends, regulatory developments, market practices, and industry best practices and proactively advise leadership on their potential impact.

Skills

Physician compensation

Benchmark data

Financial modeling

Leadership & stakeholder mgmt

Communication

Education

Bachelor’s degree in Finance/Business/Healthcare Administration/Economics/Data Analytics

Master’s degree (preferred)

Tools

Workday

Excel

Job description

Tufts Medicine seeks a seasoned physician compensation leader to design, administer, and refine compensation plans across employed physician groups, including academic and community practices. The role requires advanced modeling, market benchmarking, and collaboration with TMMG and Total Rewards teams.

You will deliver data-driven recommendations, lead FMV and market analyses, and present to governance bodies. Strong leadership, communication, and analytic skills are essential for success.