Incentive Pay includes items such as a sign-on bonuses, retention bonuses, project-based bonus plans, or other variable pay options intended to assist with the recruitment and retention of exceptional or mission-critical employees.
University Physicians Group Pay for Performance Bonus Programs
The University Physicians Group has three Pay for Performance Bonus programs:
- Home Team Bonus Program
- Quarterly Achievement Bonus
- Manager Bonus Program
Eligibility for Pay for Performance Bonus Programs
Eligible Team members include all full-time and non-temporary part-time (scheduled at least 20 hours per week) Team members of UPG working on the last day of the Plan Year (June 30) in one of the following units:
- Billing and Collections
- Billing Quality and Audit
- Business Development
- Charge Capture & Billing
- Executive Office
- Legal Affairs
- Human Resources and Development
- Clinical Practice Group
- Planning and Analysis
Read eligibility details.
Team Member Bonus Program
Each Eligible Team member could receive up to the maximum percentage of his/her bonus (10% of individual salary) based on attainment combination of Home Team Bonus and Quarterly Achievement Bonus.
The Staff Bonus Pool is distributed in the following way:
- 50% based on the achievement of Home Team Goals
- 50% based on Quarterly Achievement for an individual or group
Home Team Bonus Program
The Home Team Bonus Program will target annual organizational strategic goals determined by the UVA Physicians Group leadership (Senior Operations Group, Executive Team and CEO) before the beginning of the Plan Year. Each Home Team is responsible for setting measurable goals to support the UPG and Health System strategic goals. Goals should state specifically how team members and management in the Unit will contribute to the overall achievement of the strategic goals.
Quarterly Achievement Bonus
In addition to the Home Team Bonus, individual team members, teams, or cross-functional teams can be recognized for demonstrating discretionary effort over and above normal job expectations.
Manager Bonus Program
The Manager Bonus Program is designed to reward managers, directors, and chiefs for successful leadership and effort necessary to achieve annual UPG Corporate goals, Home Team Bonus goals, and Individual Bonus goals.
Read details about UPG's Pay for Performance Bonus Programs.