SERVICES PROVIDED FOR FQHCs

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. [www.medpac.gov](1) 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

NFP Corp. is a leading 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) is the lead partner facilitating this strategic national approach to Federally Qualified Health Centers.  The Hebets Company has over 45 years of experience in delivering some of the highest quality compensation and benefits consulting and service to healthcare executives and providers around the country.

FQHC Practice Members

Headshot of Jim Hebets, President of The Hebets Company

Jim Hebets
President
2575 East Camelback Road
Suite 700
Phoenix, AZ 85016
Phone: 602-840-7505
Toll-Free: 800-367-0155
Fax: 602-808-5560
jim@hebetsco.com

Headshot of Jamie Hebets, Vice President of The Hebets Company

Jamie Hebets
Vice President
The Hebets Company
2575 East Camelback Road
Suite 700
Phoenix, AZ 85016
Phone: 602-840-7505
Toll-Free: 800-367-0155
Fax: 602-808-5560
jamie@hebetsco.com

Headshot of Richard Harrison

Richard Harrison
425 Eagle Rock Avenue
Roseland, NJ 07068
Phone: 602-840-7505
Toll-Free: 800-367-0155
Fax: 602-808-5560
richard@hebetsco.com

Headshot of Eamon Walsh

Eamon Walsh
1290 Avenue of the Americas
Suite 3410
New York, NY 10104
Phone: 602-840-7505
Toll-Free: 800-367-0155
Fax: 602-808-5560
eamon@hebetsco.com

Headshot of Nancy McDonald, Vice President & General Manager of The Hebets Company

Nancy McDonald
Vice President & General Manager
2575 East Camelback Road
Suite 700
Phoenix, AZ 85016
Phone: 602-840-7505
Toll-Free: 800-367-0155
Fax: 602-808-5560
nancym@hebetsco.com

Joe Mangan
Vice President, Case Design
2575 E. Camelback Road
Suite 700
Phoenix, AZ 85016
Phone: 602-840-7505
Toll-Free: 800-367-0155
Fax: 602-808-5560
joe@hebetsco.com

Sara Decker
Vice President, Client Administration Services
2575 East Camelback Road
Suite 700
Phoenix, AZ 85016
Phone: 602-840-7505
Toll-Free: 800-367-0155
Fax: 602-808-5560
sara@hebetsco.com

Our Services

We will provide sound, cutting edge advice on some of the best methods for attracting and retaining exemplary mission-minded executives, providers, and employees.  We will evaluate the current FQHC compensation and retirement models, educate the FQHC executive team along with the Board of Directors 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(b), 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
    • Split Dollar Plans(2)
    • 162 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.

How We Are Compensated

We are often asked to describe how we are compensated for the services we provide in the area of executive compensation strategies. Please watch the video to learn more.

Contact Us

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

(1)The above link is provided for your information only. As it is provided by a third party, Kestra Investment Services, LLC does not endorse, nor accept any responsibility for the content. Kestra Investment Services, LLC does not independently verify this information, nor do we guarantee its accuracy or completeness.

(2)Split dollar agreements are complex and involve tax and legal considerations. Please consult with appropriate counsel before entering into such an arrangement.