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
Related Information
Learn how to design competitive compensation programs that help to enhance performance.
Related Resources
INFOGRAPHIC | 2020 Advanced Practice Provider Compensation and Pay Practices Survey
This comprehensive survey contains data from nearly 700 organizations on over 84,500 individual APPs and represents nearly 20% of all practicing APPs nationwide. View highlights from the 2020 results to learn more about emerging trends in APP compensation, productivity and pay practices!
INFOGRAPHIC | Benchmarking Resources for the Medical Group Workforce
This year more than ever, medical groups require access to critical data-driven insights as they look to address the impact of COVID-19 on workforce compensation and productivity, prepare for the 2021 Physician Fee Schedule changes, and balance the need for competitive total reward programs against pressure on operating margins.
INFOGRAPHIC | 2020 Physician On-Call and Telemedicine Compensation Survey
Designing effective arrangements to support physician on-call and telemedicine programs is critical, and starts with gaining access to the right data. View highlights from the 2020 survey results to learn more!