Not Just Another Survey
For over a decade, ABC has conducted three essential annual surveys to provide significant member benefit. The first of these, the ABC Executive Compensation Survey, arrived in mailboxes on Wednesday. With a participation rate of 95 percent last year, this survey is used to satisfy the Form 990 requirement to supply information about how a CEO salary is determined. Many members provide the results to their board to support compensation policies commensurate with the marketplace.
Data collected includes the salary, benefits, and bonus information for the C-Suite staff members, as well as Medical Director position. Have you ever wondered what percent of blood center executives receive a bonus? The survey reveals this and other interesting trends. Survey results are grouped by the size of blood center budgets and as with all ABC surveys, data is strictly confidential and anonymized.
The second ABC annual survey is the Financial Ratios Survey, coming in July. Last year, 97 percent of members participated to glean key strategic information on blood banking trends, with comparisons to previous years. Highlights include reporting on blood center gross revenues, number of employees, average compensation per FTE, cash on hand and other pertinent financial categories as well as units of individual blood products. Most centers use this report to benchmark with other similar sized centers and across the industry. Members report that their boards see tremendous value in the information. Enviro-scanning includes trending by five year comparisons. Data from previous years is available to participants upon request.
The third annual Service Fees Survey will be sent to members in December, encompassing fees of various products as of September 1, 2016. While at one time the report used to list individual centers, due to anti-trust considerations, all data is strictly anonymized and broken down by region and product. This survey is used extensively in advocacy efforts. The report also provides trending data to members in various geographic locations so that they can better benchmark their position within the blood economy.
Data is power. Results of the surveys will be made available only to participants. If you have any hesitation, added thoughts or suggestions about the surveys, please feel free to contact Bill Coenen or me.
Christine Zambricki, DNAP, CRNA, FAAN; Chief Executive Officer;email@example.com