Clinician Compensation Plan Part-Time
Clinicians: Fee for
Service Pay Reimbursement structure will be set up yearly on an expected revenues basis. Clinicians will be reimbursed per posted fee for service schedule that provides between 45-55% of revenues payment per service, dependent on administrative overhead associated with service. A fee schedule is provided to applicants. Part time is defined as less than 4 days/36 clinical hours per week of work. Full-Time Clinicians: Base SalaryMarket survey data is used to determine Yearly salary range for each ACT Job Position. Base rate will start at approximately the 25th percentile of survey data and be capped at the 75th percentile. Market data and ACT clinicians reaching the Max Base Salary will be reviewed each year in order to decide upon salary range changes. The ACT clinician salary range is based on full time status at a minimum of 5 days work and a minimum average of 36 clinical hours per week. New hires have a one-time option expiring on their 1st anniversary date to exchange their starting salary rate for the base salary rate calculated on the Base Production Pay model. To take advantage of this salary increase, the clinician will undergo performance review and must rate at least “Fully Satisfactory”. The clinician’s future performance reviews will then be conducted each year using the Performance Review month rather than month of hire anniversary. Performance
Review and Increase in Base Salary for Full-Time Clinicians
Annual reviews conducted on or around clinician anniversary dates are comprised of four (4) components to determine the full-time clinician’s percent increase in salary for the upcoming year. The percent raise is based on multiplying each component’s score against the component’s weight and then adding the four resulting numbers together. The maximum raise based on the merit system is 5%. The supervisor may opt to not provide a raise to employees scoring 2.5 or below on the total score. Each merit component is based on the following scoring system: 5= Outstanding 4=Very Effective 3=Fully Satisfactory 2=Marginal 1=Unsatisfactory
BonusSalaried clinicians will be eligible for a bi-annual bonus that is based on revenues received for the clinician’s work. Bonuses each 6 months will be between 0%- 50% of the clinician’s base gross pay for the 6-month duration reviewed. Thus, the bonus system rewards productivity at a higher level for clinicians who demonstrate excellent performance and have length of stay with ACT. |
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ACT
Medical Group, PA |