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
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.
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.
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.