I will admit it – I am jealous and regret that I didn’t come up with this myself. I should have and didn’t. The worst part is that it’s so good that I can’t really improve on it.
What am I talking about? PMI’s Provider Compensation Tool.
For the last few years, I’ve lectured about how much a practice should pay an employed clinician. Too often, I’ve seen practices effectively subsidize some of their own employees. Paul Vanchiere put this very simple, but effect, on-line tool together to help you figure out that magic number.
The form doesn’t even require explanation. Just fill in a few key numbers (which you need to know anyway) and figure out if your numbers make sense.