Workforce Compensation and Performance Improvement Resources

Results from SullivanCotter's 2024 Health Care Management and Executive Compensation Survey show that median base salaries grew by 5.2% – reflecting the high demand for executive talent.

Although median total cash compensation (TCC) continues to increase, it has returned to historical average growth of 3.5% following a year of significant increases in 2023. Learn more about changes in TCC, base salary, and wRVU productivity as reported in SullivanCotter's 2024 Physician Compensation and Productivity Survey.

Attracting and retaining executive talent in today's market is no easy feat. Many organizations are paying higher salaries, reassessing incentives, and investing more in key positions to stay competitive. Learn more from Modern Healthcare's annual executive compensation feature.

SullivanCotter recently outlined the top priorities for compensation committees to consider as they revisit executive compensation, performance, and talent management strategies in such challenging times.

With the health care workforce crisis in full swing, the industry requires more agile and innovative solutions if it hopes to forge a sustainable path forward. Learn more from SullivanCotter's President and CEO, Ted Chien.

“When we offer Lotis Blue services in conjunction with our portfolio of companies, we create synergistic services for health care and other not-for-profits that supports business transformation at all levels,” said Ted Chien, President and CEO, Sullivan Cotter Holdings, Inc.

The US Department of Labor recently announced that the salary threshold for exemption status will increase to $1,128/week. While the proposed ruling is not yet final, enactment is likely. As a result, organizations should start considering the impact of the rule and how to address it.

In this article, SullivanCotter provides initial guidance for health care organizations to consider – including an overview of the Final Rule, potential implications on employment arrangements, and steps to take as they develop action plans to move forward.

SullivanCotter’s Cathy Loose was recently featured in Healthcare Business Today to discuss how leaders can be more proactive in ensuring the right compensation programs and rewards are in place for all nurses.