1,200 UF Health physicians, faculty to lose out on bonus pay this year

Alia Paavola –
Friday, September 11th, 2020
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UF Health physicians and faculty usually get reward pay on top of their base income. The bonus offer pay is typically provided to doctors for choosing up extra work or carrying out exceptional services, while other times it assists adjust for the cost of living in the location..

” Any circulation of rewards would feature the effect of deepening our financial hole and stalling any forward momentum got prior to the pandemic,” Adrian Tyndall, MD, UF College of Medicines interim dean, composed in an e-mail to employees today, according to The Gainesville Sun..

UF Health authorities said the bonus pay will not be coming this year, as it would aggravate its monetary position.

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UF College of Medicine lost about $11 million in profits from the pandemic, and UF Healths Shands Hospital saw a $46 million deficiency in its operating spending plan in 2020, according to the report.
Dr. Tyndall informed The Gainesville Sun the reward payment cuts avoid the “Draconian” choice of furloughing staff members.

To balance out millions in lost income from the pandemic, at least 1,200 doctors, professors and scientists at University of Floridas College of Medicine in Gainesville will lose on their usual year-end reward pay, according to The Gainesville Sun..