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
The Governance Institute | Executive Compensation in Pediatric Hospitals
SullivanCotter shares data and insights from a recent pulse survey on health care executive compensation in pediatric organizations
Modern Healthcare | 2022 Annual Executive Compensation Article
Modern Healthcare features data and insights from SullivanCotter to discuss how the competitive market for talent has impacted executive compensation and pay practices.
PRESS RELEASE | Health Care Executive Compensation
SullivanCotter's 2022 Health Care Management and Executive Compensation Survey Report highlights impact of the competitive talent market and pandemic recovery on executive compensation