Home Ideas COVID-19 Advocate Aurora to dole out $15 million in special employee cash awards

Advocate Aurora to dole out $15 million in special employee cash awards

Health system says it met patient outcomes, financial targets

By
Lauren Anderson
-
Aurora Health Center 84South
Aurora Health Center 84South

Advocate Aurora Health will distribute special cash award payments totaling $15 million to its employees, chief executive officer Jim Skogsbergh announced Tuesday.  More than 60,000 frontline employees were eligible for the award, which range from $150 to $300, depending on the number of hours they have worked.  Skogsbergh first announced the award program to employees

Already a subscriber? Log in

To continue reading this article ...

Subscribe to BizTimes today and get immediate access to our Insider-only content and much more.

Learn More and Subscribe Now
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this subscriber-only article.

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.
Advocate Aurora Health will distribute special cash award payments totaling $15 million to its employees, chief executive officer Jim Skogsbergh announced Tuesday.  More than 60,000 frontline employees were eligible for the award, which range from $150 to $300, depending on the number of hours they have worked.  Skogsbergh first announced the award program to employees in summer 2019. In a memo sent to employees Tuesday, he announced Advocate Aurora would dole out the awards as a result of the system exceeding its "patient outcomes and financial performance goals" since then. The system didn’t disclose what those targets were. Earlier this month, Advocate Aurora said it is re-evaluating capital projects across its system, citing its increased operating expenses and lost revenues due to the COVID-19 coronavirus pandemic. Eligible Advocate Aurora employees will receive their cash award payment on their April 30 paycheck.  For more than 3,330 physicians, the award will come in the form of credit towards continuing medical education expenses.  Separate from the cash awards announced this week, the health system is currently offering special pay practices for employees who work in dedicated COVID-19 units, emergency departments or units that have a COVID-19 patient population of 50% or more. It has not disclosed the amounts of the special pay practices.  The special pay practices are retroactive to March 29, will continue through the end of May and will be evaluated monthly after that, the system said.  Get more news and insight in the April 27 issue of BizTimes Milwaukee. Subscribe to get updates in your inbox here.

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version