m

HCA unveils executive performance incentive pay for 2024

Nashville, Tenn.-based HCA Healthcare revealed its plans for the 2024 Executive Officer Performance Excellence Program in a Feb. 26 Form 8-K filed with the SEC.

Top executives for the 182-hospital health system will be eligible to earn performance awards based on achieving specific targets, weighted as:

  • 80% for hitting EBITDA targets
  • 20% for hitting quality metrics targets

The EBITDA targets are focused equally on the company EBITDA and the EBITDA of the leaders' respective groups. The quality metrics are based on healthcare-associated infections and sepsis, complications and mortality and care experience.

If targets are met, CEO Samuel Hazen will receive 170% of base salary while Jon Foster, executive vice president and COO, will receive 125% of base salary and Michael McAlevey, senior vice president and chief legal officer, will receive 85% of base salary, which will be increased to 100% on April 1.

The performance excellence program incentives will be paid in cash and calculated by the board's compensation committee. If HCA's actual EBITDA is less than 90% of the target level of EBITDA, the company will not pay the quality weighted portion of the program, according to the filing.

Copyright © 2025 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


You can unsubscribe from these communications at any time. For more information, please review our Privacy Policy
.
 

Articles We Think You'll Like