Roughly two years after Parkland Memorial Hospital in Dallas got rid of incentive payments for top executives, the hospital may reinstate those incentives with performance-based objectives, according to a Dallas Morning News report.
In 2011, state and federal agencies found problems with Parkland's patient safety efforts, which resulted in a settlement, a total reshuffling of upper management and the elimination of executive incentives. Many criticized Parkland's executive incentive pay, which ranged from $34,727 to $143,325 for individuals in fiscal year 2009. Former Parkland CEO Ron Anderson, MD, received $279,298 in incentives in 2010.
Parkland's interim CEO Bob Smith has created a scorecard for executive incentive pay, in which 75 percent would be tied to meeting general hospital improvements and 25 percent would be tied to three to five personal metrics, according to the report.
The incentive pay plan would go into effect this October, but Parkland's board has not yet approved it.
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