I told my first associate he WAS a partner in a new office and a partner with someone who was going to pay the employees and the rent. He just needed to focus on building a practice. He got off track with a bad wife and a bad divorce and is struggling finding his way again. The Partner the Younger, as I kiddingly call him, was told the same thing by me and he is moving at triple the speed of the senior partner.
Guy W. Moorman, Jr., D.D.S.
The Swamp
Douglas, GA 31533
912-384-7400
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From: acesthetics@googlegroups.com [mailto:acesthetics@googlegroups.com] On Behalf Of Craig Callen
Sent: Thursday, May 02, 2013 9:52 AM
To: David Hamel
Cc: Chris Hill; Guy Moorman; Debra Reiner; ACEsthetics
Subject: Re: [ACEsthetics] Compensation for associates..............
I pay my associates more than they could make on their own or anywhere else. I treat them with respect like a partner ( in most decisions). My last one was with me over 15 yrs. before he got his practice built up in Columbus and moved on.
Craig
On Thu, May 2, 2013 at 8:58 AM, David Hamel <hameldds@gmail.com> wrote:
I am now in the position or negotiating a 2nd year for my associate and think I've found out a few things from past experience. First the commission will work for a dentist like Guy or another with initiative to do more than only show up when their schedule is full. I want someone who wants to learn and be better. Kinda like the 4 agreements and 5 personal standards Mac and Joleen talk about. What I've found, is there needs to be a time expectation in the contract, regardless of how they are paid.
When I paid only commission, there was zero effort on the part of the associate to get CE or to come in when her schedule wasn't filled. Although, in retrospect, she did tell me she took an online OSHA course….
My current associate is 180º improvement over my first. With my current associate, I included a nice stipend to be used for CE and she will get a year end bonus for being with me 1 yr. The CE stipend has helped her gain knowledge in Sleep Disorder, NM dentistry, occlusion, laser certification. All these are things she will take with her forever. She is also available for an incentive if she produces more revenue than a base line, However, it still seems people's tendency is to think only of their take home as what they are paid.
So I guess we are going with more up front.
Dave
David Hamel DDS
1200 Broadway
Marysville, KS 66508
KDA Past President 2010
On May 2, 2013, at 7:01 AM, Chris Hill <chrishilldmd@gmail.com> wrote:
Why do you have the associate pay 35% of their lab bill?
On Thu, May 2, 2013 at 5:49 AM, Guy Moorman <gmoor@windstream.net> wrote:
We pay a straight up 35% of collection and practice pays everything except health insurance. I’m an associate now. It is nice.
Guy W. Moorman, Jr., D.D.S.
The Swamp
Douglas, GA 31533
This email message and any attached files are confidential and are intended solely for the use of the addressee(s) named above. This communication may contain material protected by patient rights, work product, or other privileges. If you are not an intended recipient, you have received this communication in error and any review, use, dissemination, forwarding, printing, copying, or other distribution of this email message and any attached files is strictly prohibited. If you have received the confidential message in error, please notify the sender immediately by reply email message and permanently delete the original message.
From: acesthetics@googlegroups.com [mailto:acesthetics@googlegroups.com] On Behalf Of Debra Reiner
Sent: Wednesday, May 01, 2013 4:56 PM
To: acesthetics@googlegroups.com
Subject: [ACEsthetics] Compensation for associates..............
Hiring Associates
I'm meeting with a young female dentist about associating in two hours...I spoke with a local dentist who has had associates over the years.
He pays 30% of their collections. He reconciles it every month. He pays their malpractice and health insurance as well. I believe he keeps it simple by not incorporating lab fees.
I'd love to hear from anyone who has associates about how they pay?
Thanks! Debbie
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Chris Hill D.M.D.
www.CitySmilesStLouis.com
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Craig C. Callen, D.D.S. & Associates
552 South Trimble Road
Mansfield, Ohio 44906
419-756-0188
www.DrCallen.com
Cutting Edge Seminars
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