Posts by Kyle Worthy

Compensation programs in the age of uncertainty

Compensation programs in the age of uncertainty By: Kyle Worthy As we met with physicians over the past few weeks, we noticed that many of them had a common concern: what will happen to their call pay plan if… There is a multitude of uncertainties in healthcare today as more and more hospitals consolidate to…

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Legacy Makers

Legacy Makers By: Kyle Worthy On a recent visit to a hospital client, I was having coffee in the atrium between meetings, watching as new banners went up on the walls. These banners celebrated a milestone: the hospital’s 75th year of service to its community. This made me think about how the decisions being made…

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Rural hospitals pay the most for physicians. It’s time for smarter rewards

Rural hospitals pay the most for physicians. It’s time for smarter rewards By: Leah Worthy Becker’s Hospital Review recently published a list of states with the highest average compensation rates for physicians and surgeons. Six of the top ten states on this list have populations under two million. This tells us that, under the pressure…

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Phantom Stock: A unique tool for compensating hospital executives

Phantom Stock: A unique tool for compensating hospital executives By: Steve Worthy A Phantom Stock Plan is a unique nonqualified deferred compensation plan designed to provide a mid to long-term incentive for key executives. The term “phantom stock” means that although potential value (similar to equity) may be transferred to employees, there is no actual…

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Securing Call Coverage: Is employment the answer?

Securing Call Coverage: Is employment the answer?  By: Kyle Worthy When determining the fair market value of on-call compensation rates, the latest Sullivan Cotter survey is the most frequently used resource. At MaxWorth, we don’t believe survey results should be the sole factor in the decision-making process. Surveys are often flawed, and their rates are…

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Creating a call committee built to last

Creating a call committee built to last By: Kyle Worthy As call pay continues to be a top concern in healthcare, hospitals are discovering the importance of having a process in place for determining and documenting on call compensation rates. At a recent seminar, the health law experts at Horty Springer discussed the benefits of…

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Hospital Executive Compensation: Remain Competitive While Controlling Cost

Hospital Executive Compensation: remain competitive while containing cost By: Kyle Worthy Healthcare organizations have been searching for ways to contain cost, so it was only a matter of time before their efforts began to affect executive compensation. A 2018 Sullivan Cotter survey illustrated this budding trend in healthcare. According to the survey, the average salary…

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5 Keys to Call Pay

5 Keys To Building A Better Call Pay Program By: Kyle Worthy During his time as Medical Staff President at Winchester Medical Center, Dr. Tom Oliver helped his organization successfully navigate a variety of challenges, but none would test his leadership skills more than an on-call compensation crisis. The hospital was on the brink of…

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Retaining Hospital Executives with Better Rewards

Retaining Hospital Executives with Better Rewards By: Steve Worthy Motivated by the success of our Physicians’ Advantage Plans, our clients recently began asking us to design a similar plan for executives. In today’s environment, it’s only natural for hospitals to seek better ways to reward their leadership. Hospitals are competing with one another for top…

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Transparency in call pay: Can it cure medical staff division?

Transparency in call pay: Can it cure medical staff division? By: Kyle Worthy When call pay is creating division in a medical staff, it’s often because of the way contracts are negotiated. The most common approach is to negotiate with one specialty at a time behind closed doors. The lack of transparency in this approach…

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F:  800-314-8281
info@maxworthconsulting.com
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