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TuftsMedicine, Massachusetts, USA
Remote only
About Tufts Medicine
Tufts Medicine brings together the best of academic and community medicine to deliver exceptional, connected and accessible care. Comprised of Tufts Medical Center, the principal teaching hospital of Tufts University and the Tufts University School of Medicine, Lowell General Hospital, MelroseWakefield Hospital, Lawrence Memorial Hospital of Medford, Care at Home, and an integrated network of 2,300 physicians, we treat the most complex conditions, keep our communities healthy and bring research breakthroughs to life.
Location: Primarily remote; local candidates preferred. Must have the ability to travel onsite to our locations in Massachusetts as needed.
Job Overview
This position serves as the primary resource for physician compensation strategy, plan design, administration, analytics, benchmarking, governance, and regulatory support across Tufts Medicine's employed physician enterprise. Reporting to the Vice President of Finance, Tufts Medicine Medical Group (TMMG), and working in close collaboration with the Tufts Medicine Total Rewards team, this position partners with physician leadership, human resources, finance, operations, legal, compliance, and external valuation consultants to ensure physician compensation programs support organizational objectives while maintaining market competitiveness, physician alignment, regulatory compliance, and financial sustainability.
This role is responsible for the design, implementation, administration, evaluation, and ongoing refinement of physician compensation plans for all employed physicians across Tufts Medicine, including both academic and community physician groups. The position provides strategic consultation and data-driven recommendations regarding compensation methodologies, physician productivity, benchmark data, market competitiveness, recruitment compensation packages, incentive design, and emerging physician compensation trends.
This position develops and presents physician compensation recommendations to the TMMG Compensation Committee and other governance bodies. Success in this role requires extensive physician compensation expertise, advanced financial modeling capabilities, exceptional communication skills, and the ability to translate complex operational, financial, and benchmark data into actionable business recommendations.
Job Description
Minimum Qualifications:
1. Bachelor's degree in Finance, Business Administration, Healthcare Administration, Economics, Human Resources, Data Analytics, or a related field.
2. Seven (7) years of progressive experience in physician compensation, provider compensation consulting, healthcare finance, provider analytics, or a closely related healthcare compensation role.
3. Experience designing, implementing, administering, and evaluating physician compensation plans.
4. Experience utilizing physician compensation benchmark surveys including MGMA, AMGA, SullivanCotter, AAMC, and/or comparable market data sources.
5. Experience presenting compensation analyses and recommendations to physician leadership, executive leadership, and senior organizational stakeholders.
Preferred Qualifications:
1. Master's degree in Business Administration, Healthcare Administration, Finance, Economics, Human Resources, or a related field.
2. Certified Provider Compensation Professional (CPCV) or other relevant compensation certification.
3. Experience working within an academic medical center, faculty practice plan, integrated health system, or large multi-specialty physician organization.
4. Experience supporting Fair Market Value (FMV) and Commercial Reasonableness reviews through external valuation consultants.
5. Experience with Workday and healthcare financial, operational, and reporting systems.
6. Previous experience leading compensation-related projects, initiatives, or teams.
Duties and Responsibilities: The duties and responsibilities listed below are intended to describe the general nature of work and are not intended to be an all-inclusive list. Other duties and responsibilities may be assigned.
1. Leads the design, implementation, administration, evaluation, and ongoing refinement of physician compensation methodologies across employed physician groups.
2. Develops recommendations regarding compensation structures, salary models, productivity incentives, quality incentives, value-based compensation components, leadership stipends, recruitment arrangements, and other compensation program elements.
3. Maintains physician compensation plan documents, methodologies, policies, procedures, and supporting governance documentation.
4. Directs the administration of physician compensation programs, ensuring accuracy and integrity of all data utilized in compensation calculations and reporting.
5. Serves as the organizational resource regarding physician compensation benchmark data, market trends, and compensation best practices.
6. Manages participation in physician compensation surveys and benchmarking initiatives and evaluate the organization's market competitiveness.
7. Analyzes physician compensation competitiveness across specialties and subspecialties utilizing benchmark surveys, productivity data, financial data, and organizational objectives.
8. Develops and maintains complex financial models supporting physician compensation programs, physician recruitment initiatives, compensation redesign efforts, and strategic organizational decisions.
9. Analyzes physician productivity, wRVUs, compensation-per-wRVU metrics, collections, incentive performance, quality metrics, and other provider performance indicators.
10. Prepares executive-level reports, dashboards, presentations, and recommendations regarding physician compensation strategy and performance.
11. Develops tools, metrics, and reporting methodologies to monitor compensation plan performance relative to organizational goals and financial targets.
12. Partners with external valuation consultants to support Fair Market Value (FMV) and Commercial Reasonableness analyses.
13. Coordinates preparation, validation, and submission of information required to support FMV reviews and valuation engagements.
14. Collaborates with Legal, Compliance, Human Resources, Finance, and operational leadership to support compliance with applicable regulations and organizational policies.
15. Proactively identifies physician compensation opportunities, risks, inefficiencies, and areas requiring review and improvement.
16. Develops and implements reliable, timely, and efficient processes supporting physician compensation administration and governance.
17. Serves as primary staff support to the TMMG Compensation Committee, including preparation of benchmarking analyses, financial models, compensation recommendations, meeting materials, and supporting documentation.
18. Presents physician compensation recommendations and analyses to the TMMG Compensation Committee and other governance bodies for review and approval.
19. Supports physician recruitment and retention efforts through compensation modeling, market analysis, and evaluation of proposed compensation arrangements.
20. Serves as a trusted advisor to physician leadership, finance leadership, human resources, and executive management regarding physician compensation matters.
21. Ensures appropriate data governance and maintain the integrity, accuracy, consistency, and security of data utilized in physician compensation programs.
22. Partners with technical, finance, operational, and HR teams to improve compensation-related systems, reporting, and analytics.
23. Leverages Workday and other enterprise systems to support compensation administration, reporting, and data management.
24. Remains informed regarding physician compensation trends, regulatory developments, market practices, and industry best practices and proactively advise leadership on their potential impact.
Physical Requirements:
1. Work environment is a professional office environment with typical office requirements such as computers, phones, photocopiers, filing cabinets, etc.
2. This is largely a sedentary role, which involves sitting most of the time, but may involve movements such as walking, standing, reaching, ascending / descending stairs and operate office equipment.
3. Frequently required to speak, hear, communicate, and exchange information.
4. Able to see and read computers displays, read fine print, and/or normal type size print and distinguish letters, numbers, and symbols.
5. Ability to work in confined or open environment.
6. Ability to work independently or in a team environment.
Skills & Abilities:
1. Deep knowledge of physician compensation methodologies, including wRVU-based, productivity-based, salary-based, hybrid, quality-based, and value-based compensation models.
2. Expert understanding of physician compensation benchmark data and demonstrated ability to translate survey information into practical business recommendations.
5. Strong organizational skills with exceptional attention to detail and accuracy.
6. Ability to manage multiple priorities, projects, timelines, and stakeholder groups simultaneously.
7. Outstanding verbal, written, presentation, and consultation skills.
8. Ability to explain complex compensation concepts to physicians, executives, and administrative leaders.
9. Strong interpersonal, collaboration, relationship management, and influencing skills.
10. Ability to synthesize large volumes of financial, operational, productivity, and benchmark data into actionable recommendations.
11. Working knowledge of Fair Market Value (FMV) and Commercial Reasonableness principles as applied to physician compensation arrangements.
12. Ability to manage highly confidential information with professionalism and discretion.
13. Self-starter capable of working independently while maintaining strong stakeholder engagement across a complex health system environment.
14. Demonstrated commitment to professionalism, accountability, collaboration, and customer service.
15. Advanced proficiency in Microsoft Excel, including financial modeling, scenario analysis, data manipulation, and complex reporting.
16. Demonstrated expertise with physician productivity and compensation methodologies, including wRVU-based compensation models, quality incentive programs, value-based compensation components, and other physician incentive structures.
Job Profile Summary
This role focuses on performing a variety of financial activities, including accounting, financial analysis, audit, tax, and collections, while ensuring compliance with regulatory standards. In addition, this role focuses on performing the following Corporate Finance duties: Analyzes internal financial information (e.g., profit loss accounts, financial statements, working capital, costs, prices, expenses, revenues, rates of return, etc.), evaluates and models potential investment opportunities, impacts of financial transactions and corporate development activities, analyzes external economic conditions and their impact on business operations (e.g., inflation, interest rates, exchange rates, etc.), and Mergers & Acquisition transaction execution (e.g., strategy, due diligence, negotiation, definitive documentation, and integration). A management role that supervises employees focusing on tactical, operational activities within a specified area, with the majority of time spent overseeing area of responsibility, planning, prioritizing and/or directing the responsibilities of employees. Goal achievement is typically accomplished through performance of direct and/or indirect reports. A role that manages experienced professionals who exercise latitude and independence in assignments. Responsibilities typically include: policy and strategy implementation for short-term results (1 year or less), problems faced are difficult to moderately complex, and influences others outside of own job area regarding policies, practices and procedures.
At Tufts Medicine, we want every individual to feel valued for the skills and experience they bring. Our compensation philosophy is designed to offer fair, competitive pay that attracts, retains, and motivates highly talented individuals, while rewarding the important work you do every day.
The base pay ranges reflect the minimum qualifications for the role. Individual offers are determined using a comprehensive approach that considers relevant experience, certifications, education, skills, and internal equity to ensure compensation is fair, consistent, and aligned with our business goals.
Beyond base pay, Tufts Medicine provides a comprehensive Total Rewards package that supports your health, financial security, and career growth—one of the many ways we invest in you so you can thrive both at work and outside of it.
Pay Range:
$122,301.82 - $155,933.24
based on full-time equivalent
