Using 5 facets of nonqualified incentive plans to attract, reward, and retain key talent
Privately held healthcare organizations need a creative, cash-based incentive program to stay competitive with their peers. Nonqualified deferred compensation (NQDC) plans provide a platform for organizations of all sizes to deliver these solutions. An NQDC plan is a flexible, tax-efficient program that provides an employer with a tool to attract, reward and retain key employees.…
News Briefs: Financial and operational challenges still hamper hospitals 2.5 years into the pandemic
As published in hfm magazine, a monthly roundup of top news for healthcare finance professionals.
Healthcare executive compensation is on the upswing in 2022, new report finds
Healthcare labor trends are boosting compensation for hospital and health system executives, according to a new report.
Aligning Executive Compensation to Strategic Priorities
As hospital boards and executives embark on transformational strategies like clinical integration and population health management, finance leaders are key in helping to set performance targets that are appropriate relative to industry-wide statistics as well as past performance.
Connecting Executive Pay to Performance
Given the availability of clinical data, population health data, and financial data, it is now possible to determine if executive compensation plans are driving or blocking organizational performance.