How to Retain and Reward Top Talent in Today's Healthcare Industry

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Overview:

Ryan and Alexander will provide a brief overview of the new House Bill 1154 – Prohibition on Healthcare Non-Compete Employment Contracts in South Dakota. They will also discuss best practices and competitive advantages when structuring overall compensation & benefits for your leadership team and key physicians/providers (aka independent compensation consulting & total remuneration studies). Participants will be introduction to non-qualified deferred compensation solutions to enhance long term retention of top level talent, as well as offset negative fallout from House Bill 1154.

Session Objectives:

1. Impacts of the new House Bill 1154 Prohibition on Healthcare Non-Compete Employment Contracts in South Dakota
2. Best Practices when structuring overall compensation & benefits for leadership & key providers/physicians.
3. 3. How to enhance your organization’s ability to retain top level talent through the use of customized SERP arrangements.

Presenters:

Ryan Millman, Managing Partner, Modern Capital

Ryan is the Managing Partner/CEO of Modern Capital Executive Solutions in Boston, MA. A former Senior Partner of Stearns Financial Group & Regional Vice President of BFB Gallagher, he is recognized as an industry expert, in regards to non-qualified deferred compensation, and has just over 10 years of experience in the field. As the leader of Stearns Financial Group, he oversaw its geographic expansion from 5 to 46 states, development of complimentary service lines, and worked with clients whose net assets ranged from $10M to greater than $20B, allowing for a varied perspective in similarities and differences based on geography, size, and organizational design.

Ryan has worked with over 200 tax exempt organizations (both Boards of Governance and correlating Leadership teams) with updating, enhancing, and designing their supplemental executive & key leadership member retention plans (aka SERPs). Additionally, he works with hospitals and integrated health systems to develop comprehensive physician & executive compensation & long term incentives governance practices, assess current-state benefits and productivity relative to retention & peer groups, and the development of next-generation plan designs. A common theme across his consulting engagements, Ryan focuses on aligning data, relationships, and circumstances to drive mutually beneficial outcomes for both the organizations and individuals in question.

Alexander Yaffe, Managing Director, Pearl Meyer

Alexander is a managing director in the Baltimore office. The former president and CEO of Yaffe & Company, he is a second-generation expert in executive compensation and has two decades’ experience in the field. As the leader of Yaffe & Company, he oversaw its geographic expansion from 10 to 37 states, development of complimentary service lines, and worked with clients whose net revenues ranged from $10M to greater than $1B, allowing for a varied perspective in similarities and differences based on geography, size, and organizational design.

Alexander has assisted hundreds of tax-exempt boards and their leadership teams with assessing executive compensation programs, executive performance evaluation methods, retirement plan designs, leadership transition, succession, and retention planning. Additionally, he works with hospitals and integrated health systems to develop comprehensive physician compensation governance practices, assess current-state compensation and productivity relative to the market, and the development of next-generation plan designs. A common theme across his consulting engagements, Alexander focuses on aligning data, relationships, and circumstances to drive mutually beneficial outcomes for organizations, individuals, and affected stakeholder constituencies.

Registration:

Registration for this webinar is per connection needed at a facility. This allows multiple staff members to participate in the education using one connection. Prior registration is required to ensure connection information and applicable materials are distributed prior to the webinar. The registration fee for this webinar is $49 per SDAHO Member facility /$99 per non-member facility. *This registration is for facilities NOT participating in the 2021 Education Package*