Of surveyed hospital executives, 11.4 percent reported that neither their salary nor bonus is tied to accepted benchmarks or stated goals for quality of care and/or patient safety, according to a report by the U.S. News & World Report.
U.S. News and Fidelity Investments surveyed executives at 1,852 hospitals. They found that while the vast majority of executives — 88 percent — do have compensation tied to benchmarks or goals for quality, 11.4 percent do not. The remaining 0.6 percent responses were blank.
The survey also revealed executives' response to the likelihood of certain changes in their hospital's employee benefit programs within the next three years.
- 83.1 percent reported it is extremely unlikely the benefit program will remove health insurance for employees
- 48.6 percent reported it is extremely unlikely the benefit program will move to an HSA-only health option
- 20.3 percent reported it is extremely likely the benefit program will increase incentives for vendors, physicians and employees to promote wellness
- 32.3 percent reported it is extremely unlikely the benefit program will freeze or terminate existing pension plans
- 26.8 percent reported there is a medium likelihood that the benefit program will become an automatically enrolling retirement plan
- 30.2 percent reported it is extremely unlikely the benefit program will establish or raise the employer contribution to a retirement plan
Read the U.S. News & World Report on hospital compensation.
Related Articles on Healthcare Compensation:
Washington's MultiCare Health System Physician Proposes 10% Pay Cut to Avoid Layoffs
Full-Time Healthcare Employees Saw Stable Wages in Second Quarter 2011
Independent Hospital CEOs Beat Integrated Health System CEOs in Total Cash Compensation Increases
U.S. News and Fidelity Investments surveyed executives at 1,852 hospitals. They found that while the vast majority of executives — 88 percent — do have compensation tied to benchmarks or goals for quality, 11.4 percent do not. The remaining 0.6 percent responses were blank.
The survey also revealed executives' response to the likelihood of certain changes in their hospital's employee benefit programs within the next three years.
- 83.1 percent reported it is extremely unlikely the benefit program will remove health insurance for employees
- 48.6 percent reported it is extremely unlikely the benefit program will move to an HSA-only health option
- 20.3 percent reported it is extremely likely the benefit program will increase incentives for vendors, physicians and employees to promote wellness
- 32.3 percent reported it is extremely unlikely the benefit program will freeze or terminate existing pension plans
- 26.8 percent reported there is a medium likelihood that the benefit program will become an automatically enrolling retirement plan
- 30.2 percent reported it is extremely unlikely the benefit program will establish or raise the employer contribution to a retirement plan
Read the U.S. News & World Report on hospital compensation.
Related Articles on Healthcare Compensation:
Washington's MultiCare Health System Physician Proposes 10% Pay Cut to Avoid LayoffsFull-Time Healthcare Employees Saw Stable Wages in Second Quarter 2011
Independent Hospital CEOs Beat Integrated Health System CEOs in Total Cash Compensation Increases