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.
Surgeon shareholder compensation is for the total value provided to the organization: Financial Value equals Practice Retainage and Technical Retainage. A Divisional approach is used to enable compliant participation in Technical Retainage.
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.
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.
True Up Distribution
The True Up Distribution calculation is performed after the annual performance bonus is paid to TxO and is implemented to insure total financial value is calculated and distributed. The True Up Distribution is allocated to the surgeon shareholders based on the weighted average distribution model.
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.