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Contact:
Karolyn Raphael
Winger & Associates, Ltd.
312/494-0422
Karolyn@wingerandassociates.com
2004 Survey of Manager and Executive Compensation in Hospitals and Health Systems Released by Sullivan, Cotter and Associates, Inc.
(CHICAGO, August 2, 2004) - Sullivan, Cotter and Associates, Inc. has published the 2004 Survey of Manager and Executive Compensation in Hospitals and Health Systems, now in its twelfth edition. The number of participating health systems and hospitals has increased in the past year. In 2003, 121 health systems and 416 hospitals participated in the survey. This year 150 health systems and 581 hospitals participated in this survey, a respected industry resource. Survey participants submitted data between January and May 2004. magazine has released portions of the survey in its August 2 issue.
“It is apparent from the data presented that annual incentive plans play a significant part in total compensation packages for health system executives and managers in particular,” noted Jim Rohan, vice president and managing director of SullivanCotter’s Chicago office. According to this year’s survey, 76% of participating health systems offer an annual incentive plan for executives and managers, an increase as compared to the 2003 survey results which site 72% offering such plans. Hospitals also show a large increase in the number of executive and manager incentive plans, from 74% in 2003 to 81% presently.
The 2005 Survey of Manager and Executive Compensation in Hospitals and Health Systems is available for purchase beginning August 16. The cost to healthcare organizations agreeing to participate in next year’s survey is $425, and for those not wishing to participate, the cost is $850. The cost to non-healthcare organizations is $2,000. To order a copy of the survey, please visit the SullivanCotter website at www.sullivancotter.com or contact Mary Kowalczyk, survey coordinator, at 312/739-2000, toll-free at 888/739-7039, or email maryk@sullivancotter.com.
Sullivan, Cotter and Associates, Inc. specializes in the development and implementation of strategic total compensation and reward programs and helps organizations with specific compensation needs. Since 1992, SullivanCotter’s innovative yet practical compensation solutions create tremendous value for the organizations it serves. As a leader in benchmarking, trends and analyses, SullivanCotter has developed some of the top national compensation and productivity surveys in the United States. Sullivan, Cotter and Associates, Inc. has offices in Atlanta, Chicago, Detroit, New York City and Westport. For more information, visit www.sullivancotter.com or call 888/739-7039 toll-free.
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