Practices
Executive Compensation Services
Integrated Healthcare Strategies is the leader in reviewing and designing executive total compensation plans for healthcare organizations. We develop total compensation plans that align the interests of leaders with their organization’s mission and goals, enhance an organization's ability to attract and retain talent, and help boards manage executive performance.
Our expert consultants have extensive industry experience and first-hand knowledge of healthcare organizations and how they administer and govern compensation. We partner health care executives with content experts on every project. We utilize a creative approach to developing plans that are customized to reflect your organization's total compensation philosophy, strategy, and culture.
We focus on total compensation – not just cash or just benefits - which is necessary to meet IRS rules and avoid sanctions. Our guidance and solutions make it easy for boards/committees to make well-informed decisions, follow best practices in governing executive compensation, and respond to IRS, media and constituents.
A "Total Compensation Plan" includes the following components:
Base Salaries and Salary Administration
Base salaries form the foundation of any total compensation package. Base salary programs should deliver competitive pay when standard performance requirements are met. Base salary research for key employees, such as salary ranges, performance appraisal processes, job descriptions, and titles provide important information to establish the right base salaries for your people.
Annual and Long-Term Incentive Plans
If appropriate, incentive plans provide pay-for-performance based on objective, measurable criteria. Plans designed with a careful balance of short-term and long-term performance horizons, individual and team objectives, and risk and reward in proportion to overall challenge are the most successful.
Benefits and Perquisites
Executives are typically provided with standard employee benefits and supplemental benefit plans designed to fill coverage gaps.
Severance Benefits
Severance plans with change-of-control protection provide income security to executives so they can take the risks necessary to innovate and lead.
Employment Agreements
Employment agreements designed to attract skilled professionals capable of leading an organization in the Twenty-First Century.
Retention Plans and Special Purpose Incentives
Retention plans or other special purpose incentives assist organizations in keeping their best people in times of uncertainty or organizational transformation.
