[Hiring] Provider Compensation Consultant @Providence

Role Description

The Provider Compensation Consultant is a trusted advisor and strategic partner within Providence, responsible for shaping and managing provider compensation programs that drive organizational success. This role combines expertise in healthcare economics, regulatory compliance, and data analytics to design compensation structures that are fair, competitive, and in support of Providence’s strategic initiatives, all with an eye to FMV and commercial reasonableness.

• Leads efforts to develop and implement compensation plans.
• Ensures compensation plans reflect market benchmarks, organizational sustainability, and legal compliance.
• Advises leadership on strategic workforce planning.
• Collaborates with HR, Finance, Legal, compliance, and operational leaders to integrate compensation strategies with broader organizational goals.
• Guides communication and education efforts to promote transparency and understanding among providers and stakeholders.
• Safeguards Providence against compliance exposure while supporting recruitment, retention, and performance initiatives.

Qualifications

• Bachelor's Degree in Healthcare, Human Resources, Business, Finance, or related area or equivalent combination of education and experience.
• 2 years of demonstrated experience in provider compensation design, finance, physician practice management, and/or project and change management.
• Experienced with a variety of forecasting and modeling techniques.

Requirements

• Experience as a strategic partner/consultant.
• Understanding of valuation methodologies for provider services, including regulatory standard and commercial reasonableness.
• Ability to analyze cost structures, productivity metrics, and economic drivers in healthcare delivery.
• Proficiency in interpreting compensation survey data and applying it consistently to avoid bias.
• Ability to build compensation models that align with organizational goals, market trends, and sustainability.
• Identifying compliance risks and financial exposure in compensation structures.
• Crafting plans that balance equity, recruitment, retention, and performance incentives while supporting organizational strategy.
• Aligning provider compensation with broader workforce planning and operational goals.
• Guiding stakeholders through complex changes in compensation philosophy and structure.

Benefits

• Best-in-class benefits designed to support you and your family in staying well, growing professionally, and achieving financial security.
• Comprehensive benefits package including a retirement 401(k) Savings Plan with employer matching.
• Health care benefits (medical, dental, vision).
• Life insurance and disability insurance.
• Time off benefits (paid parental leave, vacations, holidays, health issues).
• Voluntary benefits and well-being resources.