Summary of Practitioner Salary replies
Rick Stapleton
Description
Collection
Title:
Summary of Practitioner Salary replies
Creator:
Rick Stapleton
Date:
6/23/2009
Text:
Good morning list,
Here is my original post and the replies I received from the list serve,
(I summarized or paraphrased answers to shorten this email):
I would like to hear from practitioners and business owners/managers as
to how much you compensate CO's, CP's, and CPO's. Especially how the
numbers are derived, i.e.:
What base salary do you pay or are paid, based on what information.
1. A good practitioner will earn their pay in the first 3 months.
2. Varying percentages of net sales: net sales= 6x salary, net
sales= 10x salary, 12-14% of net sales (all formulas include total pay
compensation)
3. Some suggested: CO's $40-60K w/3 yrs exp, CP's $75-95K w/5 yrs
exp., CPO's $75-95K w/5 yrs exp.
How many years experience (is experience based on years in the field,
years after certification or a combination of both.) Do you pay/get a
percentage of sales or net sales (actual received
amount) as bonuses and how often. More people felt that experience is
post certification, some used pre and post. Some do not receive bonuses
(their salaries are based on net sales); some received low base salary
and receive bonuses based on net sales. One respondent said the bonus
was paid every 6 months. Several people warned about giving any type of
incentive/commission/bonus based on sales as this leads to
creative/improper billing to increase ones numbers.
Do practitioners receive a bonus or more salary when they get certified,
if yes how much? Almost all said no, one respondent reported an increase
in salary after certification.
How much time are you required to work per week? 45-65 hrs/week, the
average seemed to be around 50 hrs/wk
What health and retirement compensation do you get? Most reported that
employee's health is paid in full, but must pay some or all of spouse
and family. Some have dental, some have disability. Most have a 401K
with 3%-4% match.
Are you required to take call? Only one respondent said no, all others
said yes.
Are you paid mileage? Yes, some at flat rates ranging from $.25/mi to
$.35/mi, one respondent said they received a car allowance but mileage
tracking was required but gave no monetary details. I assume mileage was
paid at the federal allowed rate, but that is an assumption.
Is your cell phone paid for or do you get reimbursed if so at what rate?
Some get company plan, some are reimbursed up to $99/mo. Some get no
allowance or phone, use their own.
I received a total of 22 replies, 8 of those shared the above
information, the rest wanted me to post this information.
Anybody that wants to discuss personally what I have found out feel free
to email me and I will discuss any information I can over the phone.
Paul and all that respond I sincerely thank you for your time and
information,
Regards to all,
Rick CPO
Here is my original post and the replies I received from the list serve,
(I summarized or paraphrased answers to shorten this email):
I would like to hear from practitioners and business owners/managers as
to how much you compensate CO's, CP's, and CPO's. Especially how the
numbers are derived, i.e.:
What base salary do you pay or are paid, based on what information.
1. A good practitioner will earn their pay in the first 3 months.
2. Varying percentages of net sales: net sales= 6x salary, net
sales= 10x salary, 12-14% of net sales (all formulas include total pay
compensation)
3. Some suggested: CO's $40-60K w/3 yrs exp, CP's $75-95K w/5 yrs
exp., CPO's $75-95K w/5 yrs exp.
How many years experience (is experience based on years in the field,
years after certification or a combination of both.) Do you pay/get a
percentage of sales or net sales (actual received
amount) as bonuses and how often. More people felt that experience is
post certification, some used pre and post. Some do not receive bonuses
(their salaries are based on net sales); some received low base salary
and receive bonuses based on net sales. One respondent said the bonus
was paid every 6 months. Several people warned about giving any type of
incentive/commission/bonus based on sales as this leads to
creative/improper billing to increase ones numbers.
Do practitioners receive a bonus or more salary when they get certified,
if yes how much? Almost all said no, one respondent reported an increase
in salary after certification.
How much time are you required to work per week? 45-65 hrs/week, the
average seemed to be around 50 hrs/wk
What health and retirement compensation do you get? Most reported that
employee's health is paid in full, but must pay some or all of spouse
and family. Some have dental, some have disability. Most have a 401K
with 3%-4% match.
Are you required to take call? Only one respondent said no, all others
said yes.
Are you paid mileage? Yes, some at flat rates ranging from $.25/mi to
$.35/mi, one respondent said they received a car allowance but mileage
tracking was required but gave no monetary details. I assume mileage was
paid at the federal allowed rate, but that is an assumption.
Is your cell phone paid for or do you get reimbursed if so at what rate?
Some get company plan, some are reimbursed up to $99/mo. Some get no
allowance or phone, use their own.
I received a total of 22 replies, 8 of those shared the above
information, the rest wanted me to post this information.
Anybody that wants to discuss personally what I have found out feel free
to email me and I will discuss any information I can over the phone.
Paul and all that respond I sincerely thank you for your time and
information,
Regards to all,
Rick CPO
Citation
Rick Stapleton, “Summary of Practitioner Salary replies,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 24, 2024, https://library.drfop.org/items/show/230439.
