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

Each physician receives an allowance of $3,083.33 per month to purchase benefits. This amount is sufficient to cover all of the following:

​  The High PPO health plan with full family coverage

​  $200,000 of term life insurance

​  Group disability insurance

​  Individual disability insurance

What you're required to buy with it:

​  Health insurance — unless you show proof you're covered elsewhere

​  At least $200,000 of term life insurance

​  Group disability insurance, and individual disability insurance (if eligible)

Any allowance you don't use can go toward optional benefits, or be added to your income as extra pay.

Annual Bonus

TxO first introduced this special performance distribution in 2001 to reward physicians for contributing to the practice's profit and appropriate resource utilization. In 2021, it was updated to also reward adherence to best practice and quality metrics.

Seniority Compensation

This pay is based on your length of employment. It begins on or before your second anniversary as a full-time TxO physician (timing is at the discretion of the Chairman of the Compensation Committee). It builds up to a maximum of $27,300 at ten years of service.

Weekend and Holiday Call

Shareholders earn extra pay for covering weekend and holiday shifts.

​  Weekend call: $1,250 per weekend, at all sites

​  Holiday call: $750 per holiday covered

​  Thanksgiving and Christmas: $1,250 each

Pay can vary somewhat by site.

Coverage Compensation / Travel Pay

TxO provides reimbursement for shareholders and associates traveling to provide coverage for another physician’s practice according to the following guidelines:

​  $1,000 per day for each day spent out of town covering another physician's practice

​  Smaller amounts are paid for trips to outreach offices, based on how much time you're away from your home practice

​  TxO pays all travel expenses, including airfare, hotel, and meals

​  The covering physician gets credit for all charges and collections generated during the coverage

The travel pay amount is reviewed each year by the board.