Scripps Health (Scripps) has collaborated with TriscendNP (Triscend) to implement The CAP-Ex Program (Program), a customized benefit plan, for members of its leadership team. The Program was implemented through the joint efforts of the Scripps’ board, its compensation consultants, legal advisers and Triscend leadership. Scripps’ leadership pursued, and ultimately selected, the CAP-Ex Program because it provided a unique balance between the needs of the leadership team, the organization as a whole and the communities it serves that does not exist with its existing plans and other available planning options.
“Not only were we able to put a plan in place that was beneficial for all Scripps’ stakeholders, but Triscend’s guidance throughout the process was of tremendous value. Their extensive knowledge and experience in all facets of executive benefits and decision management ensured an efficient process that yielded the best possible outcome,” said Vic Buzachero, Scripps’ Corporate Senior Vice President for Innovation, Human Resources and Performance Management.
Scripps Health, based in San Diego, CA, is an integrated health system consisting of multiple hospitals and thousands of affiliated physicians representing over 100 medical and surgical specialties. Scripps is routinely listed as one of the nation’s best hospitals and health systems.
TriscendNP is a nationwide provider of fiscally responsible executive retention arrangements, including the CAP-Ex Program. With offices in the Dallas and New York metro areas, the company serves predominantly nonprofit employers in the healthcare, financial services and higher education markets. For more information contact us at (972) 318-1110, visit our website at www.triscendnp.com or follow us on LinkedIn @TriscendNP, LLC.