Journal article
An incentive for community health: Linking CEO compensation to community goals
Trustee, Vol.52(5), pp.15-19
05/1999
PMID: 10538137
Abstract
Linking CEO compensation to community health only makes sense if the board uses incentive compensation. The practice of using incentive compensation has more than doubled in the last 4 years - to more than 80% of hospital CEOs. Assuming that the governance team believes in incentive compensation, linking it to community health can be difficult. First, only a portion of the salary should be linked, because financial performance and clinical quality are essential to every hospital's performance. Two key organizational objectives are: 1. the institution's contributions to areawide health status and 2. institutional success. Three measurable objectives for performance review are: 1. percentage of seniors getting flu shots, 2. number of children covered by health insurance and 3. number of teenagers participating in various smoking cessation programs.
Details
- Title: Subtitle
- An incentive for community health: Linking CEO compensation to community goals
- Creators
- Richard J Bogue - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Trustee, Vol.52(5), pp.15-19
- PMID
- 10538137
- NLM abbreviation
- Trustee
- ISSN
- 0041-3674
- eISSN
- 1943-5134
- Language
- English
- Date published
- 05/1999
- Academic Unit
- Nursing
- Record Identifier
- 9983557179102771
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