SullivanCotter’s Sally LaFond and John Collins discuss how governing boards of not-for-profit hospitals and health systems are reexamining their executive compensation programs to support evolving business strategies and include the appropriate mix of pay focused on outcomes.

Compensation programs should reflect the new competitive environment while still adhering to the charitable mission and the requirement to pay no more than reasonable compensation. This is no easy task since the competition for proven executive talent is fierce and is now coming from both within and outside of healthcare, including the for-profit sector.

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