Mvi Radio

Compensation and the Model

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Sinopse

In Hospice, you certainly can pay as well, if not more, than hospitals or other health systems IF you manage well! If this is not your view, then perhaps your ideas about compensation could use some expanding. There is plenty of money in Hospice. You want to design your pay practices on the very best methods known, those of the 90th percentile. Compensation is the cost structure that Managers should always be interested in and exploring. It will give you the biggest payoffs and make the job of management so much easier! However, the fact that most Hospice and other healthcare entities use average or even below average compensation methodologies and somehow expect to get great results is absurd. Compensation is STRUCTURAL. That is, once it is firmly established, your management system is put into autopilot to a large degree, making management vastly EASIER! But the ludicrous "fear barrier" that "everyone will quit" keeps the Hospice herds in check, ensuring mediocrity for all but the bold, integrous and courag