VP, Provider Compensation Strategy & Leadership

WVU Medicine; Morgantown (WV); On-site; USD 140,000 - 190,000; Full time

Job summary

WVU Medicine seeks a senior compensation leader to oversee all aspects of APP and Physician total cash compensation, providing strategy, planning, and consultation across the health system.

You will design, manage, and evaluate compensation programs for physicians and APPs, ensure regulatory compliance, analyze data, benchmark against market trends, and collaborate with executive leadership to support growth and performance.

Qualifications

• Bachelor's degree in Business, Healthcare/Administration, Finance or related field.
• Ten years of compensation design experience in healthcare, health system, or multi-site medical groups.
• Seven years of provider compensation experience.
• Five years of leadership/people management experience.
• In-depth knowledge of provider compensation methodologies and market trends.
• Strong analytical and problem-solving skills, excellent communication and interpersonal skills.

Responsibilities

• Compensation Strategy Development: Design, develop, and implement compensation strategies and models that support WVU Medicine's strategic objectives and promote competitive and fair pay practices for both physicians and APPs.
• Program Management: Manage and oversee all aspects of physician and APP compensation programs, including salary and incentives
• Compliance: Ensure all compensation plans comply with federal, state, and local regulations, including Stark Law and Fair Market Value, as well as organizational policies and procedures.
• Data Analysis: Conduct regular analysis of compensation data to identify trends, benchmark against industry standards, and make recommendations for adjustments.
• Stakeholder Collaboration: Work closely with leadership, human resources, WVUHS Total Rewards/Compensation leadership, finance, and other departments to develop and communicate compensation strategies and practices including strategic input for future planning and growth.
• Performance Management: Partner with leadership to ensure compensation plans are aligned with performance metrics and organizational goals; Familiarity with productivity metrics such as wRVUs.
• Reporting: Prepare and present regular reports on compensation program effectiveness and provide insights to enhance decision-making processes; conduct recurring benchmarking for base and total compensation using industry surveys.
• Education and Training: Educate physicians, APPs, and staff on compensation plans, policies, and procedures.
• Financial and Business Acumen: Mindful management of budgets and forecasts for forward-looking implementations and improvements.
• Compensation Governance: Coordinate and support the physician/APP compensation committee.

Skills

Analytical thinking

Communication skills

Interpersonal skills

Problem solving

Leadership

Education

Bachelor's degree

Master's degree

CCP certification

Tools

Compensation software

Job description

WVU Medicine seeks a senior compensation leader to oversee all aspects of APP and Physician total cash compensation, providing strategy, planning, and consultation across the health system.

You will design, manage, and evaluate compensation programs for physicians and APPs, ensure regulatory compliance, analyze data, benchmark against market trends, and collaborate with executive leadership to support growth and performance.