Never-before strategies for bridging the gap between current compensation plans and those effective in a future of health reform will need to be employed.
(PRWEB) September 18, 2012
INTEGRATED Healthcare Strategies, a national compensation and human resource consulting firm dedicated exclusively to healthcare, today announced industry data from its published 2012 National Healthcare Leadership Compensation Survey.
The firm, which operates offices in Dallas, Kansas City, Minneapolis, and Palm Springs, has conducted healthcare compensation surveys for over 20 years and publishes surveys on leadership, nursing, staff, director, advanced practice clinician, and medical director pay practices.
The 2012 National Healthcare Leadership Compensation Survey, which is co-sponsored by The American Society for Healthcare Human Resources Administration (ASHHRA), features data on healthcare executive salaries, short- and long-term incentives, benefits, perquisites, and severance. Including over 200 benchmark positions at the executive, director, and manager level, the National Healthcare Leadership Compensation Survey is one of the most comprehensive surveys available on hospital CEO pay practices.
Over 900 health systems and hospitals from across the nation participated in the 2012 survey. Results showed that the median percent increase for both system and hospital CEO salaries was 3.0% over the past 12 months.
Responses indicated that projected salary increases for the upcoming fiscal year for all executives would remain at 3.0%.
Concerning short-term incentive compensation, the survey data confirmed that 80% of the systems and hospitals incorporate this component as a part of their executive pay programs.
“Healthcare executive compensation plans have never been more critical than they are now,” said Kevin Talbot, Executive Vice President and Practice Leader of Total Compensation and Rewards for INTEGRATED Healthcare Strategies. “Not just for the obvious reasons of balancing attraction and retention with establishing reasonableness to stay out of the IRS and media microscope, but because never-before strategies for bridging the gap between current compensation plans and those effective in a future of health reform will need to be employed.”
The full survey report is available to both participant and non-participant organizations. Organizations interested in purchasing the 2012 National Healthcare Leadership Compensation Survey can email the Compensation Survey Department at INTEGRATED Healthcare Strategies at Comp(dot)Surveys(at)IHStrategies(dot)com or call 1-800-327-9335.
INTEGRATED Healthcare Strategies conducts compensation surveys on a wide range of key healthcare positions. To see details on all the firm’s compensation surveys, please visit http://www.INTEGRATEDHealthcareStrategies.com.
About INTEGRATED Healthcare Strategies
For more than 30 years, INTEGRATED Healthcare Strategies has provided consultative services and people-based solutions to clients across the healthcare spectrum, including community and children’s hospitals, academic medical centers, health networks, clinics, and assisted-care providers. Our expert consultants and nationally recognized thought-leaders help organizations achieve their business goals, by ensuring top talent is attracted, retained, and engaged, while measuring and maximizing human and organizational performance. With tailored solutions that extend well beyond single services, INTEGRATED offers the knowledge, guidance, insights, and alignment that organizations need to not only survive the rapidly changing healthcare environment, but to succeed in it. Exclusive to Healthcare, Dedicated to PeopleSM. For additional information contact Julie McCauley at 800-327-9335 or at julie(dot)mccauley(at)IHStrategies(dot)com.
Visit INTEGRATED Healthcare Strategies online at http://www.INTEGRATEDHealthcareStrategies.com, or view our blog at http://www.INTEGRATEDHealthcareStrategies.com/blog.
# # #