Job location: Miami, FL

Employment Type: Full-time
Posted data: 2021-10-25
Req: R100052221
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Transforming Lives

The University of Miami is among the top research universities and academic medical centers in the nation, and one of the largest private employers in South Florida.

With more than 16,000 faculty and staff, the University strives for excellence, and is driven by a powerful mission to transform and impact the lives of its students, patients, members of the community, and people across the globe.

The University is committed to fostering a culture of belonging, where everyone feels valued and has the opportunity to add value. Through values of Diversity, Integrity, Responsibility, Excellence, Compassion, Creativity, and Teamwork (DIRECCT) the U community works together to create an environment driven by purpose, excellence, community, and service.

The Physician Compensation Department has an exciting opportunity for a full-time Executive Director, Physician Compensation and Financial Alignment to work in Miami, FL.

The Executive Director, Physician Compensation and Financial Alignment will serve as an administrative leader in the development of faculty and provider compensation plans and incentives; as well as administer approved physician and faculty compensation models, faculty contracts and associated reporting. Will be expected to monitor industry trends involving physician and faculty compensation; and make appropriate recommendations and summaries to UHealth Leadership. The ideal candidate will lead planning, periodic and annual monitoring, and development efforts around aligning physician and faculty effort to the appropriate level of compensation. The incumbent will perform financial forecasting and key financial reporting as it relates to compensation plan management and other business needs. The person in this role will ensure physician compensation models are effective, well understood, and compliant with all state and federal regulatory requirements. This role also performs ad-hoc financial analyses as required, for example, programmatic funds flow review, break-even analyses of programs, and productivity studies.

JOB FUNCTIONS

1. Prepares compensation information for executive team, Board of Directors, and others Leadership and teams when appropriate.
2. Communicates effectively and collaborates with UHealth Compliance, Finance, Human Resources, and other departments on faculty and providers compensation matters
3. Develops budget guidelines relative to the compensation plan models; as well as, future year physician and faculty compensation and benchmarks (including planned and current faculty and physicians).
4. Develops flexible models for analysis and generation of recommendations relative to shift in reimbursement patterns and potential, alternative compensation models.
5. Calculates compensation portion of contracts to ensure adequate contractual support of effort.
6. Plays several key roles in faculty and provider recruitment including:

• Supports leadership and Chairs in developing faculty and provider salary structures.

• Provides all relevant data to the Faculty Compensation Committee and Business Planning, including revenue per wRVU, productivity by specialty, historical performance on prior recruitment plans.

• Establishes strong working relationships with Chairs, Vice Chairs, MSOM Dean’s office, faculty, and providers.

• Ensures maintenance of proper documentation of all Physician Faculty and Provider Compensation agreements and amendments.

• Develops and Facilitates information and data gathering, extraction, and reporting.

• Ensures standardization and maintenance of data elements to promote efficiency of information exchange among various School of Medicine Units.

• Leads creation of reporting business requirements, technical design, testing, and maintenance processes.

• Provides electronic education resources, related training, and systems for staff.

• Remains current with the market setting and highlights potential opportunities or problems.

• Assists senior school administrators in formulating plans and policies for the benefit of UHealth

7. The Executive Director of Physician Compensation will be expected to exemplify the UHealth mission, vision and values, and act in accordance with our policies and procedures.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

CORE QUALIFICATIONS

Education:

Bachelor’s Degree in relevant field required

Certification and Licensing:

N/A

Experience:

Minimum 7 years of relevant experience required

Knowledge, Skills and Attitudes:

• Knowledge of business and management principles.

• Ability to direct, manage, implement, and evaluate department operations.

• Ability to establish department goals and objectives that support the strategic plan.

• Ability to lead, motivate, develop and train others.

• Knowledge of generally accepted accounting procedures and principles.

• Knowledge of budget control methods, policies, and procedures.

• Ability to prepare financial and accounting records.

• Ability to analyze, consolidate, and interpret accounting data.

The University of Miami offers competitive salaries and a comprehensive benefits package including medical, dental, tuition remission and more.

UHealth-University of Miami Health System, South Florida's only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We're the challenge you've been looking for.

Patient safety is a top priority. As a result, during the Influenza ("the flu") season (September through April), the University Of Miami Miller School Of Medicine requires all employees who provide ongoing services to patients, work in a location (all Hospitals and clinics) where patient care is provided, or work in patient care or clinical care areas, to have an annual influenza vaccination. Failure to meet this requirement will result in rescinding or termination of employment.

The University of Miami is an Equal Opportunity Employer - Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here for additional information.

Job Status:

Full time

Employee Type:

Staff

Pay Grade:

c111