Pelvic PT Rising

Paying Your People (Part 1): Salary vs Hourly for Employees


Listen Later

In this 4-part series, we're doing a deep dive into how to pay your employees.  There's a lot of confusion here, and frankly a lot of bad advice.  So we're going to dive in over the next month to clear things up!

In this 'sode we talk about some things we shouldn't be doing: 

  • Paying clinicians as contractors instead of W2 employees
  • Paying a percentage instead of a wage
  • Having complex payment structures
  • Not leaving enough margin for the business

But the biggest thing we cover is the pros and cons of paying your employees a salary versus paying per patient.

Salary is most appreciated by our employees.  It provides steady income and reduces the number of conversations we have about money.  It's also very dangerous for a business that isn't 'full' - there's a huge issue if you're paying a clinician when they aren't working!

Paying per patient is safer for the business owner.  If the clinician isn't working, they aren't making money.  But it's more stressful for the clinician with a lot of fluctuation in their weekly schedule (and weekly pay).

There's a hybrid model as well, which we call "Base +".  This guarantees a 'base' per week while still paying per patient.  It can help protect the business while also providing more stability for your employees.

We also talk about the 3 most common mistakes we see and how to avoid them.  We hope it helps!

Accelerator - January Cohort!

If you're a business owner looking to take things to the next level in 2025, you don't have to go it alone!  Our next cohort of the Business Accelerator Program is starting in January.

We've taken more than 300 pelvic health businesses through this program.  They've increased revenue, grown in confidence and begun to enjoy the journey more. 

Whether you're a brand-new business owner or a veteran with multiple employees, this is the program for you!  Check it out and apply at www.pelvicptrising.com/accelerator!

We review every application and get back to you, so we'll answer questions and make sure it's the right fit.

About Us

Nicole and Jesse Cozean founded Pelvic PT Rising to provide clinical and business resources to physical therapists to change the way we treat pelvic health.   PelvicSanity Physical Therapy (www.pelvicsanity.com) together in 2016.  It grew quickly into one of the largest cash-based physical therapy practices in the country.

Through Pelvic PT Rising, Nicole has created clinical courses (www.pelvicptrising.com/clinical) to help pelvic health providers gain confidence in their skills and provide frameworks to get better patient outcomes.  Together, Jesse and Nicole have helped 600+ pelvic practices start and grow through the Pelvic PT Rising Business Programs (www.pelvicptrising.com/business) to build a practice that works for them! 

Get in Touch!

Learn more at www.pelvicptrising.com, follow Nicole @nicolecozeandpt (www.instagram.com/nicolecozeandpt) or reach out via email ([email protected]).

Check out our Clinical Courses, Business Resources and learn more about us at Pelvic PT Rising...Let's Continue to Rise!

...more
View all episodesView all episodes
Download on the App Store

Pelvic PT RisingBy Nicole Cozean, PT, DPT, WCS & Jesse Cozean

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

178 ratings


More shows like Pelvic PT Rising

View all
The Model Health Show by Shawn Stevenson

The Model Health Show

7,352 Listeners

Evidence Based Birth® by Rebecca Dekker, PhD, RN

Evidence Based Birth®

1,011 Listeners

Health By Heather Hirsch by Heather Hirsch

Health By Heather Hirsch

215 Listeners

Dear Dr. Tracy by Cloud10

Dear Dr. Tracy

158 Listeners

BETTER! Muscle, Mobility, Metabolism & (Peri)Menopause with Dr. Stephanie by Dr. Stephanie Estima

BETTER! Muscle, Mobility, Metabolism & (Peri)Menopause with Dr. Stephanie

629 Listeners

You Are Not Broken by Kelly Casperson, MD

You Are Not Broken

1,064 Listeners

The Resetter Podcast with Dr. Mindy by Dr. Mindy Pelz

The Resetter Podcast with Dr. Mindy

1,352 Listeners

Financial Feminist by Her First $100K

Financial Feminist

6,388 Listeners

Dr. Streicher’s Inside Information: Menopause, Midlife, and More by Lauren Streicher, MD

Dr. Streicher’s Inside Information: Menopause, Midlife, and More

378 Listeners

The Biology of Trauma® With Dr. Aimie by Dr. Aimie Apigian

The Biology of Trauma® With Dr. Aimie

230 Listeners

Celebrate Muliebrity with Michelle Lyons by Michelle Lyons

Celebrate Muliebrity with Michelle Lyons

27 Listeners

Birth Healing Summit Podcast by Lynn Schulte, PT

Birth Healing Summit Podcast

8 Listeners

Between Two Lips by Kim Vopni

Between Two Lips

75 Listeners

Not Gonna Lie with Kylie Kelce by Wave

Not Gonna Lie with Kylie Kelce

10,271 Listeners

unPAUSED with Dr. Mary Claire Haver by Audacy | Mary Claire Haver, MD

unPAUSED with Dr. Mary Claire Haver

641 Listeners