Ann & Robert H. Lurie Children’s Hospital of Chicago provides superior pediatric care in a setting that offers the latest benefits and innovations in medical technology, research and family-friendly design. As the largest pediatric provider in the region with a 140-year legacy of excellence, kids and their families are at the center of all we do. Ann & Robert H. Lurie Children’s Hospital of Chicago is ranked in all 10 specialties by the U.S. News & World Report.

Location

American Dental Associates (ADA)

Job Description

Essential Job Functions:

Provides consultative support to Department Leadership, offering guidance and interpretation of faculty and physician compensation programs and policies to support departments in ensuring their compensation plan follows the medical center’s philosophy and is achieving the strategic goals of the medical group.Supports departments in evaluating and implementing revisions and enhancements to their compensation plans.Provides routine reports and supports faculty and administrative leadership on compensation levels and cost projections for budgetary measures.Interprets, analyzes and implements compensation arrangements in faculty employment agreements based on established organization protocols and methodology (i.e. offer letters, benefits, benchmarking, etc.)Conducts benchmarking and internal equity analysis to formulate recommendations that ensure competitive, cost-effective and legally compliant faculty compensation.Evaluates opportunities for process improvement and introduction of best practice methodologies for enhancing faculty and provider productivity.Conduct market and standard process research to formulate and support compensation recommendations.Routinely prepares and distributes compensation and productivity reconciliation summaries for faculty and providers to administrative and clinical leaders.Participates and completes annual physician compensation and productivity surveys.Participates and collaborates closely with legal services and consultants on the data gathering and analysis for Fair Market Value (FMV) and regulatory compliance.Provides faculty and physician compensation guidance, training and regulatory updates to senior leadership including operational leadership, human resources, faculty and provider recruitment, finance and accounting.Other functions as assigned to support the business operations of LCMG.

Knowledge, Skills and Abilities:

Bachelor’s degree in Business, Finance, Healthcare Administration, or a related field. Master’s degree (MBA, MHA, or MPP) preferred.Three or more years of experience in faculty compensation planning or administration, business analytics, financial modeling or healthcare operations, with a focus on data-informed decision-making.Demonstrated understanding of faculty practice operations in an academic medical center. Experience in development, design and implementation of large, complex faculty compensation programs preferred.In-depth knowledge of current physician compensation trends and practices to inform design and ensure accurate reporting. Understanding of pay practices to remain aligned with federal, state and local regulations.Advanced proficiency in Microsoft Excel and PowerPoint required (advanced functions, pivot tables, and data visualization) and other analytics tools such as Power BI or Tableau. Extensive knowledge on data collection processes and utilizing Excel macros to construct financial models preferred.Strong analytical and problem-solving skills with demonstrated ability to create financial models and perform complex analyses.Excellent communication and presentation skills, with the ability to translate complex data into actionable insights.Ability to work independently and collaboratively within a team, demonstrating initiative and adaptability in a dynamic environment.Strong organizational and project management skills, including the ability to manage multiple priorities and deadlines.Ability to communicate effectively in a leadership role with clinical, business, and administrative staff – prior experience communicating with C-Suite Executives strongly preferred.

Education

Pay Range

$99,840.00-$164,736.00 Salary

At Lurie Children’s, we are committed to competitive and fair compensation aligned with market rates and internal equity, reflecting individual contributions, experience, and expertise. The pay range for this job indicates minimum and maximum targets for the position. Ranges are regularly reviewed to stay aligned with market conditions. In addition to base salary, Lurie Children’s offer a comprehensive rewards package that may include differentials for some hourly employees, leadership incentives for select roles, health and retirement benefits, and wellbeing programs. For more details on other compensation, consult your recruiter or click the following link to learn more about our benefits.

Benefit Statement

For full time and part time employees who work 20 or more hours per week we offer a generous benefits package that includes:

Medical, dental and vision insurance

Employer paid group term life and disability

Employer contribution toward Health Savings Account

Flexible Spending Accounts

Paid Time Off (PTO), Paid Holidays and Paid Parental Leave

403(b) with a 5% employer match

Various voluntary benefits:

Supplemental Life, AD&D and Disability

Critical Illness, Accident and Hospital Indemnity coverage

Tuition assistance

Student loan servicing and support

Adoption benefits

Backup Childcare and Eldercare

Employee Assistance Program, and other specialized behavioral health services and resources for employees and family members

Discount on services at Lurie Children’s facilities

Discount purchasing program

There’s a Place for You with Us

At Lurie Children’s we embrace and celebrate diversity and equity in a serious way. We are committed to building a team with a variety of backgrounds, skills, and viewpoints — recognizing that diverse identities strengthen our workplace and the care we can provide to the Chicago community and beyond. We treat everyone fairly, appreciate differences, and make meaningful connections that foster belonging and allyship. This is a place where you can be your best, so we can give our best to the patients and families who trust us with their care.  

Lurie Children’s and its affiliates are equal employment opportunity employers.  We value diversity and are committed to creating an inclusive environment for all employees.  All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity or expression, religion, national origin, ancestry, age, disability, marital status, pregnancy, protected veteran status, order of protection status, protected genetic information, or any other characteristic protected by law.

Support email: candidatesupport@luriechildrens.org