SullivanCotter gathered data from more than 2,000 organizations, representing roughly 30,000 executives and managers across 280 jobs.
Here are six statistics on how health systems are using long-term incentive plans.
1. Long-term incentive plans continue to be more prevalent among for-profit and larger nonprofit health systems, with 25 percent of health systems and 9 percent of hospitals implementing these plans.
2. The prevalence of long-term incentive plans is growing at larger organizations, with over half (51 percent) of organizations with net revenues of $3 billion or more and 32 percent of organizations with net revenues of $1 billon or more using these plans.
3. The majority (72 percent) of health systems use two to five performance measures to determine long-term incentive plans per cycle, with an average of three.
4. Eighty-two percent of health systems paid executives and managers a long-term incentive plan reward for the most recently completed cycle.
More articles on compensation:
87% of companies plan to disclose minimum required CEO pay ratio information
Kaiser Permanente ranks No. 2 in best companies for pay and benefits
Physicians resign from Atrium Health over new compensation contracts
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
