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
CASE STUDY | Maximizing Value-Based Reimbursement
Moving forward in a new value-based environment, organizations must align clinical compensation and reimbursement programs to maximize payer contracts and incentives. Learn how SullivanCotter partnered with a large, not-for-profit health system to achieve this!
INFOGRAPHIC | APP Leadership Structures Can Support Retention and Engagement
Enhancing your APP leadership structures can help to support APP engagement, workforce planning, recruitment and retention, and greater alignment with physician workforce strategies.
Fair Market Value: Supporting Compliance Within Large and Complex Health Systems
With physician compensation on the rise, maintaining compliance with fair market value and commercial reasonableness standard is critical in a complex and active enforcement environment. Learn more from our latest FMV overview!