Mike Scully - What if a Health System could change compensation into an asset?


Fort Myers, FL 



Comments

Post a Comment

Popular posts from this blog

Mike Scully - Managing Director at Baycrest Consultants shares their plan to help Universities dealing with their Coach's Buyouts!

  Atlanta, GA   Mike Scully - Managing Director at Baycrest Consultants shares their plan to help Universities dealing with their Coach's Buyouts!   Coach Buyout Scenario in the Endless Money Loop for Power 4 Coach Here’s an illustrative outline of how a Power 4 school could deploy on a coaches $40.5 million buyout through the “Endless Money Loop” instead of an immediate cash‐out expense.   1. Structure the Buyout as a Loan in the Endless Money Loop • Rather than writing a $40.5 million check within 60 days, the university and coach agree in writing to treat the entire buyout into the Endless Money Loop as a “loan” from university to the coach.   • This deferral converts what would be a P&L expense into a balance-sheet receivable asset .   2. Purchase a Split-Dollar Life Insurance Policy    • University immediately contributes the $40.5 million loan proceeds as premiums into a corporate‐owned, participating whole‐...
Read more

Mike Scully - Managing Director at Baycrest Consultants shares some insightful information for Healthcare Systems.

Image
Atlanta, GA Mike Scully - Managing Director at Baycrest Consultants shares some insightful information for Healthcare Systems .   Struggling with rising physician and executive compensation costs?  Our EML's deferred compensation-loan strategy turns a portion of pay into a balance-sheet asset - while delivering immediate tax and cash-flow benefits for uour team.   Defer part of salary/bonus as a loan, invested into an employee-owned life policy .   Employee avoids current income tax & can tap tax-free cash value after 90 days Employer recoups 100% of invested funds after 15 years (or upon employee's passing)  Boosts take-home pay, may lower student-loan payments, and enhances retirement savings Converts payroll expense into a long-term asset . cuts excise taxes, and strengthens recruitment & retention Discover how the Endless Money Loop creates a true win-win in healthcare finance.  #EndlessMoneyLoop #HealthcareFinance #Executive...
Read more