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Compensation question

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dogedoc wrote:

Given the aforementioned, at 50% you are being overcompensated. 60% is incomprehensible (or possibly trying to kick start it??). This may bode poorly for the long term survivability of the service in that practice because as soon as the owners realize they are actually subsidizing the service (or have had their fill of subsidizing it should their attempt at kick starting it be unsuccessful), they may abandon Rehab.

 

 

This may well be true. However, it is hard to see how an independent contractor (who must provide for his/her own benefits, SS taxes etc) could make a living at much less than 50% , since the average rehab appointment brings in what, $70 an hour? $150 maybe for first (evaluation) visits -- or what are you guys charging?? (Our evaluation is $115 but an average hour appointment runs around $60)  21% of $60 isn't going to pay the bills. In contrast, the GP who is paid at 21% ( plus benefits) can expect to gross $200 to $500 an hour, thus rendering the 21% a pretty reasonable salary.

 

It's my understanding that 50% of gross is standard percentage for acupuncture vets (of course they don't have any expensive equipement to cover).

 

This question--  of how an incredibly labor and equipment intensive but non lucrative profession can pay for itself -- vexes me a lot and I would love to hear what others think.

 

Pamela Mueller PhD DVM

 

 

 

 

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