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S Pelfrey

Publications and source records attributed to S Pelfrey.

25 records · Page 2Linked to original sources

Using employee benefit plans to fight the nursing shortage.

Employee benefit plans can be a viable tool for recruiting and retaining nurses. By understanding the needs of their staff and the alternatives available, nurse administrators can help their institutions select the benefits that will be most beneficial to their staff. Certain employee benefit plans increase employee after-tax income at little cost to the hospital. The authors discuss these nontaxable and tax-deferred benefits as well as the advantages and disadvantages associated with each.

Employee Incentive Plans↗

Joint ventures in health care.

To remain competitive, many not-for-profit hospitals have turned to joint ventures with for-profit and other not-for-profit entities. The authors examine the organizational structures that are used most often to form joint ventures (contractual agreements, subsidiary corporations, partnerships, and not-for-profit title-holding corporations), as well as the advantages and disadvantages associated with each form. Nurse executives must be aware of the opportunities that joint ventures provide their institutions. These arrangements can help improve and expand services and profitability.

Financial Management↗

Benefits play key role in recruiting nurses.

The nursing shortage has led healthcare organizations to expand their recruiting efforts, notably by developing attractive employee benefit packages. A variety of cash and noncash incentives can be used to attract nurses, from bonuses and educational loans to free parking and child care. Financial managers should carefully review these benefits to determine their costs to employers and their tax consequences for employees.

Employee Incentive Plans↗

Independent contractor arrangements and IRS audits.

As government auditors begin their challenges, nurse executives need to review their operations to remove any potential audit risks. Although a common practice for many institutions, the use of independent contractor arrangements may be ruled inappropriate. As a result, many individuals may be reclassified as employees, leading to Internal Revenue Service (IRS) assessments of penalties and back payroll taxes. It always is prudent to anticipate IRS actions and shore up any areas that may lead to tax assessments before they are imposed on the institution.

Contract Services↗

Legislation threatens tax exemptions.

The Health Security Act, if passed by Congress, becomes effective January 1, 1995. To maintain their tax-exempt status, hospitals must assess the healthcare needs of their community and create a plan to meet those needs. The authors discuss proactive strategies for addressing this issue.

Community-Institutional Relations↗