• The Hebets Company

  2575 E Camelback #700

  Phoenix, AZ 85016

  Phone: 602-840-7505

  Toll-Free: 800-367-0155

  Fax: 602-840-7082

   

  CONTACT US HERE

Our Services

With an aging population and economic decline in many areas of the country, the need for Federally Qualified Health Centers (FQHCs) is ever increasing and the industry as a whole has seen tremendous growth.  FQHCs are filling a gap in healthcare for the underserved communities in the United States.  To be able to deliver the highest quality care to their communities, these centers need to be able to attract, recruit, retain and reward exemplary, mission-minded healthcare practitioners and executives.

NFP

National Financial Partners (NFP), a New York Stock Exchange publicly traded company (NFP:NYSE), is the number one provider of executive retirement plans in the United States.  NFP, with offices in virtually every state and major metropolitan area of the country, has a unique national platform that specifically serves Federally Qualified Health Centers.  Our multi-disciplinary company has evaluated and provided compensation plans for 24 of the Fortune 100 companies.

The Hebets Company

The Hebets Company (HC), a member Partner of National Financial Partners (NFP) is the lead partner facilitating this strategic national approach to Federally Qualified Health Centers.  The Hebets Company has over 40 years of experience in delivering the highest quality compensation and benefits consulting and service to healthcare executives and providers around the country.    Renaissance Benefit Advisors, out of Jamison, Pennsylvania, a member Partner of NFP, serves a supporting role to HC.  The Hebets Company and Renaissance Benefit Advisors, coupled with 20+ NFP Member firms, serves as NFP’s national platform for FQHC compensation consulting services throughout the United States.

The Hebets Company - FQHC Practice Members.

Jim Hebets PresidentThe Hebets Company 2575 East Camelback Road Suite 700 Phoenix, AZ 85016 Phone: 602-840-7505 Toll-Free: 800-367-0155 Fax: 602-840-7082 jhebets@hebetsco.com

Cat Lee Client Service SpecialistThe Hebets Company 2575 East Camelback Road Suite 700 Phoenix, AZ 85016 Phone: 602-840-7505 Toll-Free: 800-367-0155 Fax: 602-840-7082 clee@hebetsco.com

Michelle Mahan Compliance & Case ManagementThe Hebets Company 2575 East Camelback Road Suite 700 Phoenix, AZ 85016 Phone: 602-840-7505 Toll-Free: 800-367-0155 Fax: 602-840-7082 mmahan@hebetsco.com

Peter FriendThe Bensman Group Bensman Associates, Ltd. Bensman Risk Management, Inc. Schemata, LLC 2333 Waukegan Road, Suite 275 Bannockburn, IL 60015 Phone: 847-572-0800 Fax: 874-572-0377 pfriend@bensman.com

Our Services

We will provide sound, cutting edge advice on the best methods for attracting and retaining exemplary mission-minded executives, practitioners, and employees.  We will evaluate the current FQHC compensation and retirement models, educate the FQHC executive team regarding the compensation opportunities specific to not-for-profit organizations, and make a suggestion for the most appropriate model applicable to the specific FQHC.  These options include a wide variety of governmentally sanctioned programs that have been codified in the Internal Revenue Code under the following sections: 162(m), 457(b), 457(f), 403(b), split dollar plans, executive/employee bonus programs, and other bonus retirement hybrid strategies.  Additionally, there are other insurance and benefits based programs available to employees of not-for-profit FQHCs that may warrant exploration.

Our Approach

We enter into every engagement with a holistic approach and seek to discover what has been done in the past regarding:

• Cash Pay for Salary and Bonus
• Retirement Plans
• Insurance Plans
• Other Rewards and Incentives

We can be a consultative resource for either a single specific area of concern or to lead you through a thorough analytical assessment of all the choices available for your consideration.

Compensation Plan Design Options

Base Salary

Performance Bonus

• Discretionary
• Formula-Based

Life Insurance Plans

• Death Benefit Only
• Key-Person Coverage

Other Benefits and Perks

• Disability Benefits
• Long Term Care Benefits
• Car Allowance
• Vacation Bonus
• Charitable Giving
• Severance / Separation Benefits

Retirement Benefits

• Qualified Plans
• Defined Benefit
• Defined Contribution

Non-Qualified Plans

• Non-Qualified Deferred Compensation 457(b) and 457(f) Plans
• Supplemental Executive Retirement Plans 457(b) and 457(f) Plans
• Hybrid Plans
• Employee Life Insurance Bonus Plans
• Section 79 Plans
• Split Dollar Plans

Beginning the Process

For each FQHC we work with, we seek to understand:

Company Direction – The long term goals and strategies as they relate to compensation of executives and providers.

Company Objectives – Short term needs and wants that the not-for-profit may have for pay and incentive packages.

Peoples’ Needs – What the employees, providers, and executives in the organization would like and need to have in their compensation package.

Economic Variables – The various federal and state revenue and fundraising issues that are unique to the industry and how they may affect compensation.

Contact Us

Please call Sherry McKinnon at (602) 840-7505 to schedule a consultation.