Guest guest Posted October 5, 2005 Report Share Posted October 5, 2005 I'm afraid I'd have a hard time giving much credence to a national salary survey that consisted of only 47 locations and 120 FTEs. I have almost half that many FTEs in my own organization alone. Ken Tuley, PT Health First, Inc. Brevard County, FL >>> Betsy.Bjoralt@... 10/04/2005 2:19:16 PM >>> Chuck, Can you comment on the variance from the 2004 data showing >10yrs practice a median salary of $38.33 with this 2005 data of $32.98. Do I have my information wrong or is there a median decrease in salary noted this year from previous? And , your ideas of why there would be this decrease. Thanks. Betsy Bjoralt PT MeritCare Hospital Fargo ND >>> lhgilmore@... 10/4/2005 9:44:58 AM >>> Chuck, Thanks for this information. Is there a breakdown of settings in your data. Here the competition is the SNF's where they are paying upwards of $35 per hour. Acute care is around $28 on average. I am not sure of private practices. Thanks for any info you can give. Laurie Gilmore PT Flager Hospital St. Augustine, Fl --- Chuck Felder wrote: > I recently completed compiling the data for PT > Benchmark 2005. The median > hourly wage info for PTs follows: > > <= 1 yr experience: $24.64 > 1-4 yrs $28.50 > 5-10 yrs $30.43 > > 10 yrs $32.98 > > This is based on info from 47 locations across the > country including 178 > different people totaling just over 120 FTEs. > > Contact me if you'd like more info. > > Chuck > > > R. Felder, PT, SCS, ATC, MBA > HCS Consulting, Inc. > PO Box 9815 > Newport Beach, CA 92658 > Phone: > Mobile: > Fax: > Email: CFelder@... > www.HCSconsulting.com > > This message contains confidential information > intended only for the > individual named and is protected from disclosure. > If you are not the > intended recipient you should delete this message, > not use or disclose it in > any form and contact the sender. > > Re: Salaries > > This is fascinating Anne. I graduated with a BSPT > in 1979, and my first PT > job for the State paid all of $7.75/hour during a > probationary period. One > thing to note, the service industry though varied, > has generally seen wage > compression and stagnation over the past 15-20 years > ( Reich rales on > this periodically.) > > The good news for me is that I graduated from my > probationary period (and > actually, moved out of a boarding house!!) and > eventually went onto hiring > Rehab Managers and Directors of Rehabilitation > managing multiple disciplines > over multiple sites. I hired a qualified Rehab > Manager in 1983 for > $65.000. It is no wonder that new DPT's want $70K > to manage a clinic - They > fully deserve it! (and they are selling themselves > short in the process) > > Joe Libera > > > > > > As far as salaries for new grads are concerned, > they fall anywhere > > from $43k to $70k nationwide depending on the > setting and locale. > > Some of the rural areas pay the most, as do the > Physician or PT owned > > practices, and long-term care facilities. > > > > Benefits may include a sign-on bonus, student loan > assistance, > > relocation assistance, continuing education, etc. > > > > Some of my clients are paying a sign-on bonus > (i.e. $5-10k), but then > > having them sign a contract that if they leave > within 2 years they > > have to pay the money back. OR, pay them $5k a > year for student loans > > with the hope that they will stay several years to > pay off the student > > loans. > > > > Mike is right in that this appears to be the > entitlement generation of > > PT's. I think some of that reason has to do with > their DPT status. > > You'd be surprised how many new graduates with > their DPT, no clinical > > experience, want to manage a clinic and make $70k+ > with bonus > > potential. > > > > My question would be, what kind of expectations > are they teaching them > > at the university? The other pet peeve is that > they all want > > outpatient ortho. That's it! How much more > balanced they would be in > > their clinical skills if they would have > experience in inpatient > > therapy too. > > > > Anne A. Frederick, M.A., CCC/SLP > > RehabResource - Rehab Recruitment Specialists > > > > annefrederick @cox.net > > http://www.rehabresource.com > > > > > > > Looking to start and own 100% of your own Practice? > > Visit www.InHomeRehab.com. > PTManager encourages participation in your > professional association. Join > and participate now! > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 5, 2005 Report Share Posted October 5, 2005 Regarding: " ...our profession's future cannot be dictated by the vicissitudes of a government reimbursement policy. " How I wish it were so, but it simply is not, and is not likely to be. Given the current third-party colossus, the " free market " is anything but free. I am merely suggesting that PTs eagerly striving for independent practice might be in for a rude surprise because, for better or worse, a shift to the chiro model will likely commit many many PTs to the pages of history. If that is a consequence, I'd rather it be inteneded, not unintended. Regarding: " ...physicians as partners... involves more risk but it is certainly better than physicians as parents i.e., May I _____. " First, there is no guarantee of partnership---I would predict the opposite. Second, the " may I " relationship exists FAR more with third parties than with physicians. If you are looking for a practical definition of a " subordinate " relationship, it is between PTs (and also patients, please don't forget!) and third-party payers. (Go Healthcare Savings Accounts!) and regarding: " PT practices will bear the costs of advertising and marketing as is the case now. " PTs do not currently bear the cost of marketing and advertising in anywhere near the same volume and form that will be necessary to sustain themselves as independent practitioners. Nor do PTs fully understand, in my opinion, what it means to be released from the mainstream. I certainly could be wrong on this, but my intuition tells me that PTs will be fighting over a much smaller segment of the population than they are used to having access to, and at much higher cost. Now I must say also that the tone and energy of Joe's response is, to me, nothing but great. I suspect that he is, as I am, a stubborn believer in free markets. I would be pleased punch to have a place in a truly free market, and that is why I promote Healthcare Savvings Accounts. It is also why I remain astonished that we PTs, as well as other practitioners, seem so willing to accept the need to continually pass through third-party wringers. Thank you, Joe. Dave Milano, Rehab Director Laurel Health System Re: Re: Salaries > > Sorry, but I fail to see the relationship between the two statements you > made below. What would make a new DPT with no experience the equivalent > of a " qualified Rehab Manager " ? > > I've hired some new-grad DPTs in recent years, and my observation has > been that entry-level PTs are still entry-level PTs, not much different > in confidence or capabilities from the MS PT new grads I was hiring 3-5 > years ago or the BS PT new grads I was hiring 20+ years ago. If I'm > hiring someone for a management position, I want to see a history of > actually handling responsibility, not just a degree that says they know > the theory. > > Ken Tuley, PT > Health First, Inc. > Brevard County, FL > > >>> jlibera@t... 10/01/05 11:16 AM >>> > ... > I hired a qualified Rehab > Manager in 1983 for $65.000. It is no wonder that new DPT's want $70K > to manage a clinic - They fully deserve it! (and they are selling > themselves short in the process) > > Joe Libera > > ############################################################## > This message is for the named person's use only. It may contain > confidential, proprietary, or legally privileged information. No > confidentiality or privilege is waived or lost by any mistransmission. > If you receive this message in error, please immediately delete it and > all copies of it from your system, destroy any hard copies of it, and > notify the sender. You must not, directly or indirectly, use, disclose, > distribute, print, or copy any part of this message if you are not the > intended recipient. Health First reserves the right to monitor all > e-mail communications through its networks. Any views or opinions > expressed in this message are solely those of the individual sender, > except (1) where the message states such views or opinions are on behalf > of a particular entity; and (2) the sender is authorized by the entity > to give such views or opinions. > ############################################################## > > > > > Looking to start and own 100% of your own Practice? > Visit www.InHomeRehab.com. > PTManager encourages participation in your professional association. > Join and participate now! > Quote Link to comment Share on other sites More sharing options...
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