February 1, 2007

Bonus plans reward peak performance

By: Leslie Flowers
PDF
Share

Ambulatory surgery centers (ASCs) employ a variety of bonus and profit-sharing strategies to retain and reward staff. Many centers award bonuses based on a percentage of net profits. Some ASCs require the center to hit financial targets for a profit-sharing payout. Others give bonuses if employees meet a percentage of the centers' strategic objectives and performance indicators, such as patient and physician satisfaction and staff hours per case. At least one center gives employees the option to pour profits into their 401(k), and another splits a percentage of profits simply for a job well done.

Welcome to OR Manager, your source of information and insight into the clinical and business management of the surgical suite. This article is only available to OR Manager subscribers. To read this article, and gain access to all OR Manager resources, please log in below:

LOGIN
  Join the OR Manager Community! OR Manager is the trusted source for perioperative leaders, providing critical information, analysis, and best practices for management of the surgical suite. Join as a Premium Subscriber to access all articles online including archives, the digital issue of OR Manager each month, eligibility for CE contact hours, registration discounts on conferences and more. We also offer a complimentary Plus subscription to those who qualify and a complimentary Community subscription.

Explore Subscription Options

Please contact our Customer Service Team if you are unable to log in at [email protected] or 1-888-707-5814.

Live chat by BoldChat