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An Industry in Transition
"The boards and executive teams of healthcare provider organizations are up against unprecedented challenges."
–Steve Sullivan, Managing Director, Houston
Healthcare is one of the most rapidly changing business environments. We develop innovative executive compensation programs that help organizations make the transition from yesterday’s way of doing business to an approach that’s directly aligned with the changes happening now and those projected to occur in the near future.
Our Approach to Healthcare Compensation
Management teams and boards in healthcare today require a mix of medical expertise, healthcare business experience, and new executive talent from outside the field. And they are tasked with operating successfully in a fee-for-service mode, while simultaneously moving to new models of reimbursement. Executive compensation can play a critical role in balancing the complexities of creating a new type of leadership and developing new operational models by aligning pay programs to near- and long-term strategic objectives.
We base each unique compensation design on the business and leadership goals of the organization, allowing external market practices to provide context. We then help guide the implementation, communication, review, and revision of plans to ensure success. The goal is achievement of business transformation that results in long-term value creation, whether the entity is not-for-profit, corporate, or government-based.
How We Design Executive Compensation Programs
Compensation Services and Capabilities
Strategic Alignment
- Alignment of compensation with business goals
- Recruitment, retention, and motivation of strategic leadership teams
- Short- and long-term incentive design
Sophisticated Analytics
- Peer group definition and competitive assessment
- Performance metric selection and calibration
- Pay-for-performance calibration
- Risk assessment
- Costing analysis
Compliance Confidence
- Corporate and not-for-profit regulatory compliance reviews
- Governance assessment and recommendations
- Disclosure communication
Tailored Solutions
Our focus on strategic alignment, providing the industry’s most comprehensive and sophisticated analytics, and helping ensure airtight compliance and effective communication of programs results in a tailored solution designed to provide your organization with a competitive advantage in the swiftly-changing healthcare marketplace.
Featured Case Study
Featured Case Study
JPS Health Network: Evolving a Healthcare Leadership Team with Executive Compensation
This case study explores a regional healthcare organization’s success using executive compensation to develop a transformation-oriented leadership team.