admin Managing the perpetually modifying regulations of the medical landscape can be a daunting task. Healthcare organizations have to juggle several aspects of managing their workforces and their allied compensation packages. SullivanCotter is a reputed brand that partners with healthcare and non-profit organizations and aids them to effectively plan and govern their organizations by curating tailored workforce strategies that enhance their performance. The firm’s objective is to extend an arm of assistance to these organizations in their endeavours to achieve their respective business objectives as well as make a lasting positive impact on the communities they serve.
The Man Leading the Formidable Brand
SullivanCotter is guided towards new summits of success by its gregarious CEO and President, Mr. Ted Chien. His 25 years of experience in the field of healthcare management and consulting has empowered his 360degree understanding of the key industry stakeholders. With a Bachelor of Science in mathematics and computer science from the University of Illinois at Urbana-Champaign, and a Master of Business Administration from the University of St. Thomas in Minneapolis, Minnesota, he has helmed the ship of many reputed brands. Ted was the Senior Vice President of corporate client relationships at the UnitedHealth Group, as well as the Executive Vice President of Ingenix (now OptumInsight), and the CEO of Ingenix Consulting.
He remains attuned to the changing innovative strategies and performance metrics of the medical landscape by personally consulting large health systems, academic medical centers and community hospitals. He has provided counsel to organizations going through complex M&As, delving deeper into the issues of building creative business models. By working in close conjunction with top healthcare leaders, Ted has helped them align performance and rewards for the entire workforce.
We aim to help healthcare organizations align performance and rewards for the entire workforce – Ted Chien
Governance and Compliance Expertise Provision
Healthcare and non-profit organizations often face the overwhelming challenge of navigating the ever-altering medical landscape. SullivanCotter provides expertise in the domain of Governance and Compliance by working closely with the boards and executive leadership of various healthcare organizations. The firm’s forte lies in procuring the best governance strategies, policies and practices that alleviate the risks while also ensuring that compensation packages are compliant and reasonable. The company is revered for its unparalleled expertise provision in the realms of FMV and Commercial Reasonableness.
Curating Inspired and Competitive Compensation Packages
Within the arena of crafting effective and competitive compensation packages, SullivanCotter is the undefeated victor. The team at SullivanCotter works closely with organizations to attain a deeper understanding of their priorities, so as to craft the most befitting compensation programmes. Through tools and strategies like Cost Impact Analyses, Implementation Planning, Stakeholder Interviews, Cash Compensation Audits and other strategies, the company helps its clients distill the best compensation packages that optimize their objectives while ensuring compliance with the regulatory environment. Such compensation packages are ideated and curated for physicians, executives, employees as well as advanced practice providers.
Offering Compensation Benchmarking Expertise
Compensation Benchmarking is an important area of expertise provision for SullivanCotter. By working with the HR and financial teams of their clients, the company ensures that the collected executive compensation data is compliant as well as that filings diminish current and potential risks while accurately documenting governance and fiduciary oversight.
Benchmarks360TM: Pioneering SullivanCotter’s Ingenious Technological Feats
Benchmarks360TM is SullivanCotter’s suite of intelligent, web-based products that enable the health care organizations to analyze and visualize workforce compensation and clinical productivity. It provides critical industry leading data, analysis and reporting that supports the compensation decision making process in a complicated environment. SullivanCotter offers two modules of Benchmarks360TM with varying featuresincluded in each.
Provider Performance Management TechnologyTM: Instrumentalising Knowledge
SullivanCotter’s Provider Performance Management TechnologyTM (PPMTTM) is an industry-first, cloud-based solution that enables clinician engagement through transparent performance-based compensation administration, reporting and analytical capabilities. This novel technology combines years of expertise and healthcare compensation insight to help physicians transition from volume- to value-based care. It helps enhance performance by combining alignment, transparency, and insight.
Physician Needs Assessment: The Future of Market Intelligence
SullivanCotter is renowned as the leading name in the domain of independent consulting services and workforce solutions. The Physician Needs Assessment (PNA) technology is a cloud-based, interactive platform that supplies organizations with actionable, data driven insight into the physician supply and demand. This helps organizations identify, monitor and respond to changing service line needs and physician workforce staffing requirements. The most significant contribution of PNA is that it enables firms to tap into the potentials of the emerging market trends by leveraging its real-time market intelligence and customized forecast scenarios.
SullivanCotter Survey Bundles
SullivanCotter provides the most recognized and distinguished compensation surveys in the entire U.S. By combining data-driven intelligence with national insights, the firm provides several survey participation bundles for healthcare and non-profit organizations. The brand is expected to further diversify and expand in the upcoming months.
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