Nashville, Tenn.-based HCA Healthcare has unveiled its 2026 Executive Officer Performance Excellence Program and disclosed a pending retirement of a board of directors member in a Feb. 25 Form 8-K filing with the Securities and Exchange Commission.
Under the incentive plan, executive officers are eligible for performance awards weighted 80% on achieving specified EBITDA targets and 20% on quality metrics.
The quality portion is divided into three categories: healthcare-associated infections and sepsis (30%), complication and mortality (30%) and care experience (40%).
Target award opportunities for 2026 are as follows:
- CEO Sam Hazen: 175% of base salary
- Executive Vice President and CFO Mike Marks: 125% of base salary
- Executive Vice President and COO Jon Foster: 125% of base salary
- Executive Vice President-Chief Legal and Administrative Officer Mike McAlevey: 100% of base salary
- Executive Vice President and Chief Clinical Officer Mike Cuffe, MD: 100% of base salary
For the EBITDA-weighted portion, executives earn 25% of the target award at threshold performance, 100% at target and up to 200% for maximum performance. For the quality-weighted portion, executives earn 0% at or below threshold, 100% at target and up to 200% for maximum performance. If companywide EBITDA falls below 90% of target, no payout is made for the quality portion.
In the same filing, HCA said Bob Dennis will retire from its board of directors. He informed the company Feb. 20 that he will not stand for reelection and will retire April 23, the date of HCA’s annual shareholder meeting.
Mr. Dennis has served on HCA’s board since 2014.
HCA operates 190 hospitals and approximately 2,400 ambulatory sites of care in 20 states and the United Kingdom.
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