Kootenai Health, located in Coeur d’Alene, ID, is hiring a Director of Finance and Provider Compensation!
As our Director of Finance and Provider Compensation, you will:
Assists Controller in managing ambulatory division finances including strategic support and financial management
Directs and assists in the preparation, monitoring, and management of ambulatory operating and capital budgets
Responsible for financial and key performance reports, develop financial models and provide counsel on the financial impacts of actions for consideration as well as reporting on the financial results of operations
Determines and documents fair market value and commercial reasonableness of all provider compensation models. Elevates any potential concerns to leadership and health system legal counsel
Maintains complete and accurate documentation of all recommendations and final models
Works with outside consultants to procure a Fair Market Value analysis for any compensation models that are outside of established Kootenai Health policy thresholds
Develops compensation plans for each service line, map all compensation related program changes and ensure compensation model and implementation is transparent to Kootenai Health employed and contracted providers
Recommends course of action after conducting analysis in partnership with legal, compliance, payroll, and human resources, as necessary
Responsible for the development and administration of compensation strategies and plans designed to incentivize performance and align provider compensation with the goals of Kootenai Health
Extracts and manages performance data (performance data, productivity, and quality as appropriate) as it relates to a provider’s compensation model to ensure payment practices are based on reliable data according to established provider contract arrangements
Maintains working knowledge of physician compensation arrangements related to government regulations and collaborate with leadership and legal team to assure compensation models are compliant with those rules
Facilitates the negotiation process for independent physician contracts – call coverage purchased service agreements and medical director relationships
Manages and evaluates assigned staff, including hiring, training, and providing appropriate feedback on performance
To be successful in this role, you will need:
Bachelor’s degree in Business Administration, Accounting or related field
Five years of healthcare finance/accounting experience required
Experience with increasing responsibility for provider compensation analysis, model design, and implementation required
Master’s degree in Business Administration or Healthcare Administration preferred
Strong verbal and written communication skills
Advanced computer skills (Microsoft Office, PowerPoint, Word, Excel)
Kootenai Health will ensure your success by providing you a robust leadership orientation program, access to Organizational Development, and co-workers who are knowledgeable and invested in your success.
Kootenai Health has a lot to offer you, including:
An engaged, excellence-focused Accounting team.
Expanding department with room for future career development and continuous learning opportunities.
Magnet Status - Kootenai has maintained MagnetTM status since 2006. This designation is nursing's top honor, accepted nationally as the gold standard in nursing excellence!
Level II Trauma Center- Kootenai Health has achieved a Level II Trauma designation, verified by the American College of Surgeons Committee on Trauma.
Mayo Clinic Care Network- Kootenai Health is a member of the Mayo Clinic Care Network (MCCN). As part of the Mayo Clinic Care Network, Kootenai Health staff have access to Mayo Clinic’s knowledge and expertise.
Gallup Great Workplace Award - This award recognizes companies for their extraordinary ability to build an engaged workplace culture.
Kootenai Health has a solid reputation in the Pacific Northwest and has a rich history that spans nearly 60 years of innovation, achievements, and benchmarks in healthcare. The organization provides a comprehensive range of medical services, our main campus is located in Coeur d’Alene, Idaho, and includes a 330-bed community-owned hospital. Kootenai Health is accredited by DNV and holds Magnet Designation for nursing excellence. We have been recognized among large employers as the No. 1 Best Place to Work in Healthcare by Modern Healthcare magazine, and are regularly recognized by Cleverly and Associates for providing value to our community. We offer an excellent tuition reimbursement program, wellness program, and on-going educational classes to all of our employees. If you want to love where you work and live, check out Kootenai Health. As your next employer, we are excited to offer you:
100% employer-paid health insurance premiums for full-time employees. Part-time employees pay only a small portion a month for medical, dental, and vision coverage
Access to tuition reimbursement
457 investment plan through Fidelity with a match of 3-6% based on years of service and a defined contribution account which puts 2% of annual income into a retirement account
Employee child daycare - within walking distance
On-site learning through the Organizational Development department and teaching modules
Robust and incentive-driven Wellness Plans
Full-spectrum employee reward, recognition, and retention programs, including outstanding employee development, training, and educational opportunities
Kootenai Health complies with applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, veteran status, or sex. Kootenai Health does not exclude people or treat them differently because of race, color, national origin, age, disability, veteran status, or sex.
Internal Number: 28294
About Kootenai Health
Kootenai Health is a highly esteemed health care organization, serving patients throughout northern Idaho and the Inland Northwest. We provide a comprehensive range of medical services and strive to meet the evolving needs of our surrounding communities. Continuously recognized both regionally and nationally for clinical excellence, the Kootenai Health team is made up of employees who are committed to making a difference every day.