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

Pelvic PT Rising

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 ([e-mail]).
Check out our Clinical Courses, Business Resources and learn more about us at Pelvic PT Rising...Let's Continue to Rise!