docrip Posted June 22, 2015 Share Posted June 22, 2015 Experienced PA, starting new position in Physical Medicine and Rehab--Pain Management with Interventional treatments. Not sure how much of the hands on will be with the interventional portion. Have experience. What would be the typical Bonus structure on a practice setting like this? Suggestions? Link to comment Share on other sites More sharing options...
wjm7 Posted June 23, 2015 Share Posted June 23, 2015 I have no idea what's typical. I'm a new grad working in a similar job, though. Year 2 for me is going to be 90 to 95k base + 25% of collections beyond 2 x base. Hope that helps. For geographical context, I will be practicing in the southeast. Link to comment Share on other sites More sharing options...
Moderator ventana Posted June 23, 2015 Moderator Share Posted June 23, 2015 here goes you MUST have access to your receipts - anything short of this is a joke - MANDATE it in the contract Pie in the sky, 50% of collections after 2X your salary Good Deal 30% of collections after 2X your salary still okay 20% of collections after 2X your salary No good No access to collections data bonus based on clinic profit bonus based on anything besides your collections (the only thing you can control is your work load) Link to comment Share on other sites More sharing options...
docrip Posted June 24, 2015 Author Share Posted June 24, 2015 Thank you all for your replies. Docrip Link to comment Share on other sites More sharing options...
ERgirl Posted July 26, 2015 Share Posted July 26, 2015 Sorry, I am not understanding this. What you guys mean when you are saying #% of collections after 2X of your salary. I work with physiatrist as well. I get paid $95,000/yr with malpractice and health insurances, and 1 wk paid vacation. I have worked there three full years now, but not had any raise. I am planning to ask raise. What is fair, I am in Virginia? I do joint injections, trigger point injections, pain mangement with narcotic and referals. I see about 24 patiens a day. Thanks Link to comment Share on other sites More sharing options...
dhageremtp Posted July 27, 2015 Share Posted July 27, 2015 If you make a base of 95,000. 2 times your base is 190,000. You would get a percent of collections in excess of this dollar figure. But watch the wording on that type of bonus. I had an employer offer me a bonus that was my collections times 40% and then was a bonus of anything excess of my salary doubled. so if I collected 300,000, they took 40% or 120,000. Their offer was a base of 80,000. under their calculations I would never hit the mark. Just watch the wording. Currently we get a bonus based on RVUs. They set a target and if we exceed that target we get $30 for each RVU over the target. Its not great.... Link to comment Share on other sites More sharing options...
delco714 Posted July 28, 2015 Share Posted July 28, 2015 Sorry, I am not understanding this. What you guys mean when you are saying #% of collections after 2X of your salary. I work with physiatrist as well. I get paid $95,000/yr with malpractice and health insurances, and 1 wk paid vacation. I have worked there three full years now, but not had any raise. I am planning to ask raise. What is fair, I am in Virginia? I do joint injections, trigger point injections, pain mangement with narcotic and referals. I see about 24 patiens a day. ThanksTell me 1 week is a typo Link to comment Share on other sites More sharing options...
waky02 Posted July 28, 2015 Share Posted July 28, 2015 If you make a base of 95,000. 2 times your base is 190,000. You would get a percent of collections in excess of this dollar figure. But watch the wording on that type of bonus. I had an employer offer me a bonus that was my collections times 40% and then was a bonus of anything excess of my salary doubled. so if I collected 300,000, they took 40% or 120,000. Their offer was a base of 80,000. under their calculations I would never hit the mark. Just watch the wording. Currently we get a bonus based on RVUs. They set a target and if we exceed that target we get $30 for each RVU over the target. Its not great.... What is a fair target (i.e. achievable) Link to comment Share on other sites More sharing options...
dhageremtp Posted July 28, 2015 Share Posted July 28, 2015 No sure what is fair. Our office uses median MGMA data. right now its around 3400 RVUs Link to comment Share on other sites More sharing options...
Moderator ventana Posted July 28, 2015 Moderator Share Posted July 28, 2015 MGMA is a joke in some ways have had it used against me a couple times (to hold salary down) Link to comment Share on other sites More sharing options...
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