Health Secretary Wes Streeting has announced a strategy to improve NHS performance by linking executive pay to hospital waiting times and budget management. Under this new regime, executives in England's NHS trusts will face pay rises restrictions based on their performance, with potential bonuses for improving operational and financial outcomes. Streeting's approach aims to instill a business-like performance mindset within the NHS, although concerns have been raised that this punishment-based strategy could deter talent from leading hospitals facing challenges.
The carrot and stick approach, according to Streeting, aims to make NHS executives incentivized to perform better, similarly to successful businesses that reward top talent.
Streeting emphasized that by withholding pay rises from poorly performing NHS leaders, the NHS can adopt performance management strategies, thereby improving patient care and waiting times.
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