In lieu of merit-based raises, Daytona Beach, Fla.-based Halifax Health plans to tie employee bonuses to the system's financial and patient satisfaction performance, according to a report by The Daytona Beach News-Journal.
"Doing a raise would put us in a position where we wouldn't come out with a positive operating income," a Halifax Health spokesperson said in the report.
Instead, employees will receive bonuses through a gain share program if Halifax Health exceeds its budget projections and meets its patient satisfaction survey goals, according to the report.
Halifax Health is predicting operating income of $2.5 million this fiscal year, and would like to raise the percentage of patients who would recommend the system from 68 percent to the high seventies, according to The Daytona Beach News-Journal.
The system last did a gain share program in 2011, through which employees each received $300.
More Articles on Hospital Employee Benefits:
Strike Averted at Regional Hospital of Scranton
5 Ways for Hospitals to Become Better Employers
Survey: Wellness Programs Help Slow Hospital Employee Medical Cost Growth