Short-term incentives are still a very popular component of executive pay programs, as roughly 80 percent of hospitals and health systems use them, according to Integrated Healthcare Strategies' 2012 National Healthcare Leadership Compensation Survey.
More than 900 hospitals and health systems participated in Integrated Healthcare Strategies' 2012 survey. Overall, the median percent increase for both system and hospital CEO salaries was 3 percent over the past 12 months, similar to the results from Hay Group's 2012 healthcare compensation survey.
Hospital and health system participants also said executive raises will most likely remain at 3 percent for the 2013 fiscal year as well.
"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 at 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."
More than 900 hospitals and health systems participated in Integrated Healthcare Strategies' 2012 survey. Overall, the median percent increase for both system and hospital CEO salaries was 3 percent over the past 12 months, similar to the results from Hay Group's 2012 healthcare compensation survey.
Hospital and health system participants also said executive raises will most likely remain at 3 percent for the 2013 fiscal year as well.
"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 at 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."
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