February 1, 2007

Bonus plans reward peak performance

By: Leslie Flowers
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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.

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