Michael Severson
About Michael Severson
Michael Severson serves as the System Director of Provider Compensation at CommonSpirit Health and has held the position of National Director of Physician Compensation at Catholic Health Initiatives since 2011. He specializes in financial analysis, budgeting, and forecasting within the healthcare sector.
Work at CommonSpirit Health
Michael Severson has served as the System Director of Provider Compensation at CommonSpirit Health since 2019. In this role, he is responsible for overseeing the financial aspects of provider compensation, ensuring alignment with organizational goals. He provides monthly statistical and financial reports to the Medical Director and Vice President of Operations. His work includes budgeting and financial performance analysis for various health centers, contributing to the financial health of the organization.
Work at Catholic Health Initiatives
Since 2011, Michael Severson has held the position of National Director of Physician Compensation at Catholic Health Initiatives. His tenure of 13 years in this role has involved managing compensation strategies for physicians across the organization. His responsibilities include the development of financial business models and forecasting end-of-year revenue and expenses, which are essential for strategic planning and operational efficiency.
Previous Experience at Essentia Health
Before his current roles, Michael Severson worked as the Manager of Physician Compensation and Business Analysis at Essentia Health - East Region from 2009 to 2011. During this two-year period in the Duluth, Minnesota area, he focused on the analysis and management of physician compensation, contributing to the organization's financial strategies and operational performance.
Education and Expertise
Michael Severson studied Accounting at the University of Wisconsin-Superior, where he earned his Bachelor’s degree from 1991 to 1994. He also attended the University of Minnesota Duluth, studying Accounting from 1988 to 1991. His educational background provides a strong foundation for his expertise in financial analysis, budgeting, and compensation management within the healthcare sector.