The introduction of the Affordable Care Act (ACA) is the latest in a series of major developments transforming the healthcare industry, shifting the paradigm of care delivery away from the traditional fee-for-service model to focus on keeping people healthy. Hospital and healthcare system Compensation Committees must reflect newly developed business strategies in executive incentive plan designs, while balancing internal and external pay equity, motivation, retention and regulatory compliance issues.
This white paper provides practical and effective approaches for five key issues facing healthcare Compensation Committees in 2014:
- Aligning Business Strategy and Executive Compensation
- Using Long-Term Incentives to Enhance Pay-for-Performance
- Updating Compensation Governance for Non-Profit Healthcare Organizations
- Improving Compensation Program Communication Strategy
- Being Prepared with a CEO Succession Plan
