Baptist Health’s governing boards have adopted stringent standards for the conduct of business, in line with its faith-based mission of serving the community. These business principles are not merely written documents gathering dust in policy manuals: they describe how we conduct our business affairs on a daily basis. Following are some key highlights of our governance policies.
Code of Ethics
Among the many reasons people are attracted to work at Baptist Health is our high ethical standards. We are committed to core values of honesty, integrity and transparency. These are the cornerstones of our corporate culture.
We insist on full compliance with all laws and regulations in the conduct of our business; we prohibit improper payments from vendors; we are dedicated to patient privacy and the confidentiality of patient medical records.
Baptist Health’s Code of Ethics must be followed by all employees, contractors and agents. No one is exempt, no matter their position. Employees annually receive information about the Code, and are encouraged to report violations of the Code.
To read the full Code of Ethics, click here.
Conflict of Interest
The Board of Trustees of Baptist Health South Florida, and the Boards of Directors of the subsidiary hospitals and affiliated entities, are all volunteers who serve without pay. The boards are comprised of members of the community; Baptist Health employees do not serve as board members.
Baptist Health is fortunate to have so many qualified and dedicated members of its boards, because their only compensation is the reward of improving the status of healthcare in our communities. Board members and their immediate family members are not allowed to do business with Baptist Health. Each year, every board member must submit a written declaration of any potential or perceived conflict of interest. If it is determined that a conflict of interest does exist, the Board of Trustees acts to see that the conflict is resolved.
To read the full Conflict of Interest Policy, click here.
Executive Compensation
The Baptist Health Board of Trustees seeks executives of vision and leadership to carry out the organization’s faith-based mission of quality care and community service. The Board’s Compensation Committee is comprised of independent Board members who receive no compensation themselves. The Committee annually engages a nationally-recognized consultant to conduct compensation surveys.
Base salaries are targeted to the median (50th percentile) of salaries in similar-sized not-for-profit healthcare systems. Incentive pay for superior achievement provides the opportunity for total cash compensation at the 75th percentile of the executive’s peer group. There are no guaranteed salary raises, and incentive pay is totally at-risk, depending on the achievement of agreed-upon goals.
To read more about Executive Compensation, click here.