We always get a lot of questions from residents and new endodontists about how much they should be compensated as an associate. Current ranges typically go from 40% of collections in urban corporately run practices to 50% of collections in some independent private practices depending on location.
However, the percentage of compensation is not the most crucial factor driving associate compensation. The two factors that matter the most are:
For example, an associate completing 3 cases a day in a practice that collects an average of $1000 per case will gross $21,600 per month (16 days) at a 45% compensation rate. That’s $259,200 annually.
By comparison, the same associate completing 6 cases a day in a practice that collects an average of $1500 per case will gross $64,800 per month (16 days) at a 45% compensation rate. That’s $777,600 annually.
So, does it really matter if the compensation rate varies by 5% less or 5% more? No, not so much. What really matters is being in the right productive practice with the right referral network and the right fees. You can earn two to three times as much.
Endo Mastery clients are extraordinarily successful, team-driven, independent practices that offer superb environments for associates seeking financial success along with great lifestyle. If you’re looking for a great associateship or thinking about making a change, we have a list of practices who are looking for associates right now. For more information, contact:
Angel Long: [email protected] | 1-800-482-7563