Gainsharing is a system in which a hospital or health system uses a predetermined calculation to share savings, or extra compensation, with employees if the organization achieves improved performance. It is similar to, but not the same as, profit sharing.
Here are six statistics on gainsharing at hospitals and health systems last year, according to the Integrated Healthcare Strategies spring 2012 survey of salary increases, incentives and benefits. Note: The survey included responses from 121 hospitals and health systems.
• Only 15 percent of responding hospitals and health systems said they have a gainsharing plan in place.
• Of those that do have gainsharing plans, 55 percent pay a flat dollar amount to eligible employees. The average payout is less than $450 per year.
• Roughly 36 percent of hospitals and health systems with gainsharing plans pay a percentage of annual salary. The average payout is roughly 2 percent of an employee’s salary.
• The remaining 9 percent pay gainsharing bonuses using other methods of calculation.
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