Well-designed and well-administered executive incentive plans do work.
Executive incentive plans in the health-care industry, virtually unheard of a decade ago, are becoming a critical part of the overall integrated management system. These plans are necessary today to drive improved performance and overall success in the increasingly difficult health-care environment. This article describes (1) incentive growth, (2) the components of a successful executive incentive program, (3) how an incentive program drives business strategies, performance, and philosophy, and (4) the overall benefits of a well-designed and well-administered program.
Jones
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KN
Legacy Health System, Portland, OR.
D003142:Communication; D003362:Cost-Benefit Analysis; D004465:Economic Competition; D004526:Efficiency; D004649:Employee Incentive Plans / Q000458:organization & administration*; D006270:Health Facility Administrators / Q000191:economics*; D009937:Organizational Objectives; D015397:Program Evaluation; D012456:Salaries and Fringe Benefits