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Director, Physician Contracting
- Hackensack Meridian Health (Wall, NJ)
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Our team members are the heart of what makes us better.
At **Hackensack Meridian** **_Health_** we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.
Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.
The **Director of Physician Contracting** , under the direction of the Vice President of Physician Contracting, is responsible for conducting contract due diligence and negotiations related to physician practices and partnership acquisition across the Hackensack Meridian Health (HMH) network. This includes reviewing practice valuations, conducting practice due diligence, overseeing the production of business financial analysis and reporting to support contract negotiations and final term sheet development. Identifies opportunities to increase efficiency and effectiveness in securing physician partnerships. Oversees analysis and reporting and the production of practice acquisition recommendation materials to TELT for final approval to secure Letter of Agreement (LOA). Negotiates contract renewals with physician practices and performs ongoing contract maintenance and problem solving. Partners closely with Legal on Physician contracts. Collaborates with Physician Services Operations (PSD) on plans to ensure Practice onboarding plan is successfully executed.
**This is a Hyrid position** You would be responsible to oversee 2 Analysts.
Education, Knowledge, Skills and Abilities Required:
+ Bachelor degree in Health Care Administration, Business Administration or other related discipline.
+ Minimum of 3 or more years of experience negotiating physician contracts.
+ Knowledge of legal constraints, risk management, due diligence process, financial options, etc.
+ Strong capability in strategy development, including meaningful analytical tools and methodologies; ability to develop analytically rigorous, commercially sound new business recommendations and articulate clear and compelling business discernments.
+ Strong EQ and Relationship Management.
+ Strong written and verbal communication skills.
+ Strong business analysis and financial skills.
+ Strong Analytical Experience.
+ Legal Background - Experience with Contracts.
+ Highly analytical and sharp problem solver.
+ Experience and ease working in matrixed environments.
+ Creative thinker that is continuously able to question the status quo and improve.
+ Ability to influence and motivate change in the team/organization.
+ Ability to work independently to develop and execute Business plans that achieve health system goals, milestones and targets.
Education, Knowledge, Skills and Abilities Preferred:
+ Practice management experience a plus.
If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!
173688
Starting at $153,732.80 Annually
HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.
The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:
+ Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness.
+ Experience: Years of relevant work experience.
+ Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training.
+ Skills: Demonstrated proficiency in relevant skills and competencies.
+ Geographic Location: Cost of living and market rates for the specific location.
+ Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization.
+ Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.
Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.
In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.
HACKENSACK MERIDIAN HEALTH (HMH) IS AN EQUAL OPPORTUNITY EMPLOYER
All qualified applicants will receive consideration for employment without regard to age, race, color, creed, religion, sex, sexual orientation, gender identity or expression, pregnancy, breastfeeding, genetic information, refusal to submit to a genetic test or make available to an employer the results of a genetic test, atypical hereditary cellular or blood trait, national origin, nationality, ancestry, disability, marital status, liability for military service, or status as a protected veteran.
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