Tips and solutions about veterinary practitioners' pay - Veterinary Economics
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Doctor pay
Source: DVM360 MAGAZINE

Associate contracts: Walk a mile in the practice owner's shoes

September 1, 2005

There is a fundamental concept about contract law that students learn in their very first weeks of law school. It's a concept referred to as "meeting of the minds."

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?

Source: VETERINARY ECONOMICS

Bringing down inflated salaries

July 1, 2005

My partner and I recently learned that we're paying associates more than other practitioners in our area do. How should we get our compensation more in line with prevailing wages—with a salary freeze or a pay cut?

Source: VETERINARY ECONOMICS

Charging witness fees

April 1, 2005

I've been asked to be a witness in an animal cruelty case. How should I be paid?

Source: VETERINARY ECONOMICS

Compensating a board-certified veterinarian

January 1, 2005

I want to hire a veterinarian who's board-certified in internal medicine. How should I compensate this person? Should I pay based on production or a split rate, or should I rent space to the practitioner? If I pay based on production, would the percent be different than with a non-board-certified veterinarian?

Source: VETERINARY ECONOMICS

Before you accept that job...

December 1, 2004

If you're thinking of pulling up the stakes and moving to another practice in another state, do some number crunching first. Yes, the salary offered looks great, but have you considered how much more you'll have to earn to live the life you want in that city?

Source: VETERINARY ECONOMICS

Vacation benefits with production-based pay

December 1, 2004

I'm thinking of paying my associate based on her production. If I do, how would I handle vacation days and holidays? She wouldn't automatically receive compensation for those days off, would she?

Source: VETERINARY ECONOMICS

Making appropriate retirement contributions

November 1, 2004

How much am I expected to contribute to my associates' retirement plans? Does this count as part of the compensation my associate earned based on production?

Source: VETERINARY ECONOMICS

What am I worth?

November 1, 2004

What's fair compensation one year out of veterinary school? I'm currently working at a two-doctor practice. What do I need to know to make an educated decision about whether to renew my contract?

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