Executives at Parkland Memorial Hospital in Dallas may receive $2.8 million in incentive pay next year if they can find a way to boost the hospital's bottom line by at least $20.6 million, according to a Dallas News report.
The board of managers endorsed the 2011 executive incentive plan and approved the hospital's $1.2 billion budget Tuesday.
The executives will also be required to meet certain objectives, including safety and quality improvements such as improving room cleanliness and decreasing readmissions for heart failure and pneumonia.
Read the Dallas News on Parkland Memorial Hospital.
Read more on compensation:
-Pay for Performance Improves Radiology Turnaround Times
-Lower Salaries, Decreasing Interest May Lead to Primary Care Physician Shortage
The board of managers endorsed the 2011 executive incentive plan and approved the hospital's $1.2 billion budget Tuesday.
The executives will also be required to meet certain objectives, including safety and quality improvements such as improving room cleanliness and decreasing readmissions for heart failure and pneumonia.
Read the Dallas News on Parkland Memorial Hospital.
Read more on compensation:
-Pay for Performance Improves Radiology Turnaround Times
-Lower Salaries, Decreasing Interest May Lead to Primary Care Physician Shortage