Tips and solutions about veterinary practitioners' pay - Veterinary Economics
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Doctor pay
Source: VETERINARY ECONOMICS

Part-time possibilities

June 1, 2006

Q. How many hours can an associate work and still be considered part-time? Do on-call hours count?

Source: VETERINARY ECONOMICS

Credit for dental prophys

May 1, 2006

When our owner's out of the building and the technicians perform dentals, does our part-time associate receive credit even if the owner scheduled it and already performed a physical exam?

Source: VETERINARY ECONOMICS

The cost of expanding

April 1, 2006

My group practice is thinking of adding a doctor, but we're worried that it could cost more in additional overhead than he or she will produce. What should we do?

Source: VETERINARY ECONOMICS

Pay partners fairly

March 1, 2006

Paying equally doesn't always make sense in a partnership, especially when doctors aren't contributing in the same ways. A tiered-compensation system can account for these variances.

Source: VETERINARY ECONOMICS

ProSal percentages

February 1, 2006

I'm a bovine practitioner looking into ProSal compensation for my associates. I'm concerned with the percentage used to calculate the portion of the salary above the base. What percentage profit should a practice owner expect to make off of his associates?

Source: VETERINARY ECONOMICS

Compensation Statement

February 1, 2006

A form to help you determine the costs of employment, such as health insurance, continuing education, dues, license, retirement programs, and payroll taxes.

Source: VETERINARY ECONOMICS

Salary vs. production

February 1, 2006

The best of both worlds, the ProSal compensation formula pays associates on a percentage of production and guarantees a base salary. Find out why this method's a top choice for associates, and why you'll like it, too.

Source: VETERINARY ECONOMICS

Some models of pay don't pay

February 1, 2006

As graduation approaches, my mind is a whirlwind of questions, concerns, and hopes. I'm ready to practice?mostly. Yet there's one topic that leaves me wary: salary. While production-based compensation and traditional salary historically have been the only two options, they each have room for improvement. But there's a third choice: the ProSal formula, developed by Hospital Management Editor Mark Opperman, CVPM. To understand why I think ProSal is right for me and other new associates, consider these pros and cons.

Source: VETERINARY ECONOMICS

Shifting money between benefits

September 1, 2005

I'm a full-time veterinarian, and my employer pays for my health insurance, which costs about $4,000 a year. I recently got married, and my husband's insurance is better. If I join my husband's policy, should I get that $4,000 benefit somewhere else in my package? Is it fair to ask my boss to add it to my salary or to add more paid vacation days in equivalent to the benefit money?

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