In a changing economic landscape, designing effective compensation strategies for executives, physicians, advanced practice providers and other employees is more challenging than ever before.

Developing competitive programs that drive individual performance and align with key organizational objectives is critical as health care and not-for-profit organizations compete to attract and retain the industry’s top talent.

SullivanCotter works closely with clients to design highly customized compensation programs that support organizational priorities. Combining data-driven intelligence with this tailored approach, we help health care and other not-for-profit organizations achieve their business objectives and fulfill their missions while staying in compliance with the changing regulatory environment.

We work with our clients to design compensation programs that help to enhance performance through:

  • Total employee compensation and benefits philosophy, policy and strategy alignment
  • Base salary and pay-for-performance plan designs
  • Cash compensation audits
  • Cost impact analyses, implementation planning
  • Defining performance and identifying appropriate value-based metrics
  • Evaluation of current compensation plans
  • Education on market trends and work effort allocation methodologies
  • Survey selection and market benchmarking
  • Stakeholder interviews and focus groups
  • Compensation philosophy development
  • Development of conceptual compensation models
  • Measurement system and scorecard assessment
  • Financial modeling and impact assessments
  • Communication/implementation assistance
  • Plan administration support

Learn how to design competitive compensation programs that help to enhance performance.

Contact SullivanCotter

Related Resources

Physician Fee Schedule: 2023 Changes

As health systems evaluate changes to the 2023 Physician Fee Schedule, they must be aware of the impact on Medicare reimbursement, reported wRVUs, and provider compensation plans forspecialties most likely to be affected.

Read More

The Need for Competitive APP Compensation Programs

Featured in a recent article from RevCycle Intelligence, data from SullivanCotter's 2022 APP Compensation and Productivity Survey highlights the need for more dynamic compensation practices for nurse practitioners (NPs), physician assistants (PAs) and certified registered nurse anesthetists (CRNAs). 

Read More

Rethinking Executive Compensation and Performance Metrics

Ted Chien discusses how health care leaders of today must strike a delicate balance that requires managing financial and growth metrics, increasing the speed of transformation, and building the health systems of tomorrow. So how do we redefine compensation models to reward all these behaviors?

Read More