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HOSPITAL EXECUTIVE ADVANTAGE PLAN™

Does your administration office have a revolving door?

Executive turnover is an increasing threat to the continuity of healthcare delivery in the United States. A change in leadership can be disruptive for any organization, but the complexities of healthcare make it an even bigger challenge for organizations in the industry. 

Rural and community-based hospitals are even more dependent on administration for day-to-day operations and critical decision-making. This increases the risks associated with executive turnover, which often results in quantitative and qualitative losses that have a dramatic impact on healthcare organizations’ bottom line.

Retain and reward your top executive talent with the Hospital Executive Advantage Plan™.  Linking compensation to loyalty, performance, and/or other assessment metrics creates organizational alignment and establishes a culture of stability and continuity. This results in enhanced relationships and an improved ability to attract the right talent for your organization. 

Executive Advantages

  • Unlike qualified plans, the program does not have a maximum deferral limit
  • Benefits accrue without current income taxation
  • Does not coordinate with (or diminish) qualified plans
  • Enhances overall “total rewards” package for executives
  • Provides a significant reward for stability and retention

Hospital Advantages

  • Cost-effective use of existing assets to retain and reward superior performance and longevity
  • Rewards may be linked to annual or short-term performance and/or quality measurements
  • The re-positioned asset provides diversification of hospital investments
  • Selective participation allows for the selection of eligible executives at the hospital’s discretion
  • Simple to administer

Contact Us

Every healthcare organization is unique. Our solutions are designed to be customized in order to fit your needs. If you would like to find out more about us and our solutions or simply discuss your organization's compensation challenges, complete the form below to arrange a call with one of our consultants.

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