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
The Governance Institute | Executive Compensation and Governance Trends for 2021 and Beyond
Featured in the September edition of The Governance Institute’s E-Briefings, SullivanCotter recaps the response of healthcare organizations in 2020 and outlines priorities for 2021 and beyond.
Modern Healthcare | 2021: Annual Executive Compensation Article
SullivanCotter highlights the actions healthcare organizations are taking to draw in and retain executive talent in response to the COVID-19 pandemic.
PRESS RELEASE | SullivanCotter’s Not-for-Profit Practice Welcomes Amanda Wethington
With nearly 20 years of experience delivering comprehensive workforce compensation and performance solutions across a number of industries, Amanda leverages data-driven insights to help organizations align total rewards, recognition, and talent management programs. She works to solve the unique challenges that not-for-profit organizations face in the attraction, retention, and motivation of high-caliber talent.