COMPENSATION ELEMENTS
Summary of Compensation Elements
Our goal is to provide a transparent and comprehensive analysis of the compensation structures and elements specific to these two distinct roles within our organization. Compensation is a crucial aspect of your career and financial planning, and we believe that informed decisions are essential. In this section, we will break down the compensation packages for shareholders and associates, highlighting differences in the relevant components.
Vacation
Bonus Distribution
This section is designed to provide you with a comprehensive and clear picture of how bonuses are distributed. We break down the components by clarifying any variations in criteria and percentages that distinguish how bonuses are determined based upon your role within the practice.
Special Benefit Allowance
TxO provides each physician an allowance of $2,816.67 per month to purchase benefits. This allowance is sufficient to cover the cost of (i) the High PPO with full family coverage, (ii) $200,000 of term life insurance, (iii) the group disability insurance and (iv) the individual disability insurance. A physician must purchase health insurance unless they provide proof of other coverage. Physician must also purchase at least $200,000 term life insurance, the group disability insurance and the individual disability insurance, if eligible. Any unused allowance may be used to purchase optional benefits or may supplement the physician’s income.
Annual Bonus
In 2001, TxO implemented a special profitability distribution to reward profit contribution and incent appropriate resource utilization. In 2021, the profitability distribution bonus was modified to reward adherence to best practices and quality metrics.
Seniority Compensation
Seniority compensation will be paid on the basis of length of employment.
This payment will commence on or before the second anniversary of full-time employment with Texas Oncology, subject to the discretion of the Chairman of the Compensation Committee.
Seniority compensation will recognize up to a maximum of $27,300 for ten years of service.
Weekend and Holiday Call
Shareholder receives Weekend Call Pay of $1,250/weekend for all sites.
Shareholder receives Holiday Call Pay of $750/holiday covered. Holiday pay for Thanksgiving and Christmas is $1,250.
Some variations in differentials for certain sites.
Coverage Compensation / Travel Pay
Shareholder and Associate receive $1,000/day for each day spent out of town covering the practice of another physician.
Lesser amounts are paid for trips to outreach offices based on time away from primary practices.
All travel expenses such as airfare, hotel and meals are paid by TxO.
Covering physician receives credit for all charges generated and related collections.
Amount of travel compensation is reviewed annually by board.
TxOPhysiciansAccounting@usoncology.com
(972) 490-2975
12377 Merit Drive Suite 700, Dallas TX 75251
Texas Oncology was founded in 1986 by a forward thinking group of physicians who shared a vision to chart their own course. They believed there was a better way to provide cancer care. Together, they made community-based cancer treatment a reality.
Contact Information
12377 Merit Drive Suite 700
Dallas TX 75251
(972) 490-2975
Information in this document is the confidential proprietary property of Texas Oncology, P.A. ("TxO"). It is intended for internal use only, and access is limited to TxO physicians and other authorized users. Contents should not be printed, saved, forwarded, copied or otherwise shared with any other persons. Unauthorized disclosure or use may result in disciplinary and/or legal action.