“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
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.
