Hospitals and health systems aren’t the only organizations grappling with how to navigate the transition from volume to value-based care.
Health plans are also feeling the pressure associated with changing reimbursement models, an uncertain regulatory environment and greater industry consolidation as they struggle to control costs and retain members in an increasingly complex and consumer-driven marketplace.
The ability to attract, retain and engage key talent through competitive and customized total rewards programs is essential to maintaining leadership stability in a rapidly evolving marketplace. With over 25 years of health care experience, SullivanCotter leverages deep industry insight and a wealth of proprietary data to help health plans across the country confidently manage their executive and employee compensation strategies. We work with boards and executives alike to analyze best practices, develop comprehensive governance processes and align workforce performance with key organizational objectives.
Our comprehensive services for health plans include:
Executive Compensation and Governance
- Designing, evaluating and implementing executive total compensation programs
- Selecting appropriate and defensible peer groups for compensation benchmarking
- Determining and documenting reasonableness of compensation programs to help ensure compliance with federal and state regulations
- Developing incoming and outgoing executive compensation and benefits packages
Employee Compensation
- Designing competitive cash compensation programs, including salary and incentive programs
- Developing salary administration strategies, including salary structure design and evaluation
- Analyzing programs for external competitiveness and internal equity
Board Compensation and Governance
- Educating board on best practices and regulatory requirements
- Designing, evaluating and implementing board compensation programs
- Researching and facilitating best practices in board governance
Related Information
Navigate today’s evolving health care landscape with strategic workforce insights for your health plan.
Related Resources
Board Compensation in Health Systems: Balancing Mission, Talent, and Governance Demands
Should not-for-profit health care organizations compensate board members? As governance challenges grow more complex, many nonprofit boards are exploring director pay programs to help attract and retain the right talent.
How Health Systems Can Respond to the ‘One Big Beautiful Bill Act’
The One Big Beautiful Bill Act (OBBBA) is expected to have a dramatic impact on many health systems across the country. While much of the focus has been on the impact of Medicaid eligibility reductions and other revenue implications, a change to the tax code may increase compensation costs for many health systems.
Modern Healthcare | How systems are attracting exec talent in a competitive market
Finding and keeping the right executive talent is critical – but it's not easy! Featuring data from SullivanCotter and insights from our experts, Modern Healthcare explores how health systems are staying competitive.