Doctors could earn up to $450k in bonus pay through new shared revenue program at Pathway
March 15, 2021 - AUSTIN, Texas – Pathway, the industry leading veterinary management group serving pets and their parents at more than 400 locations throughout the U.S., and THRIVE a part of the Pathway family of companies, announced the rollout of a new incentive program for doctors.
The industry-first program called the Veterinarian Incentive Plan allows current doctors and those who become a part of the Pathway or THRIVE team to elect to participate in the new bonus structure, which is based on tenure and company performance.
General practice veterinarians can earn up to $225,000, while specialty or emergency doctors can earn up to $450,000. One third of the total VIP award is based on each doctor’s tenure and the other two thirds is based on company performance.
The program is eligible for current and new doctors who provide veterinary care at Pathway or THRIVE veterinary hospital locations, and includes general practice, specialty and emergency doctors. This includes both part-time and full-time doctors.
The VIP program is 100 percent voluntary, and to be fully vested, the doctor needs five consecutive years of employment with Pathway or THRIVE while participating in the program. Residents are also eligible for the VIP program, but must wait until their third year of residency to register.
“This is an exciting, first-ever industry benefit, which we are truly proud to unveil here at Pathway,” said Stephen Hadley, DVM and CEO of Pathway Vet Alliance. “At Pathway, we believe providing the best possible care for pets starts with taking the best possible care of our people, which includes ensuring they are healthy physically, mentally and financially, while providing a place for doctors to have a thriving career.”
The VIP program adds to Pathway’s existing portfolio of industry leading benefits, which include eight weeks paid parental leave, tuition-free education opportunities, a veterinary specific employee assistance program, family forming support like discounts on in vitro fertilization, long-term care support for children, adults and pets, and much more.
The Veterinary Incentive Program officially begins on April 1, but eligible doctors will begin receiving paperwork on March 15.
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About THRIVE Affordable Vet Care
THRIVE Affordable Vet Care was founded in 2015 and is headquartered in Austin, Texas. THRIVE currently operates 100 practices in 20 states across the US. THRIVE’s goal is to provide the highest quality care, at an unprecedented value.
About Pathway Vet Alliance
Founded in 2003 and headquartered in Austin, Texas, Pathway Vet Alliance has grown from a single veterinary practice to over 400 locations across the U.S. Pathway’s mission is for its team members to be change agents for good, who support people doing what they love so, together, they can transform the veterinary industry and the world – for the better. Pathway looks for practices and doctors seeking opportunities to grow and provides personalized management support to help them focus on providing the best possible care to their patients. Pathway has differentiated itself by focusing on the unique needs of each practice and partnering with the local team to implement their vision and work with their values. Learn more at https://pathwayvets.com/.