Occupational Therapy Private Practice Salary – So if you want to stay informed and up-to-date about salary, you’ll enjoy the practical advice and research we’ve put together in this new guide.
Whether you’re looking for a new job or a practice owner looking to hire, it’s important to be aware of salary information. There are many resources about mental health professional salaries and compensation, but sometimes this information is misleading or unclear.
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Occupational Therapy Private Practice Salary
Because large amounts of data can be difficult to understand and digest, we created a survey to send to our most trusted mental health professionals and collect real-world data.
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In this guide, we detail a variety of data collected from 40+ experiences to tell you what to expect when it comes to salary and compensation in 2022.
Our survey included demographic questions such as location and age. We also asked about education, type of practice, licensing, length of practice, salary and benefits.
We collect data through an extensive and reliable Brand Your Practice mailing list. Data collection for this report was done in April 2022. After collecting the results of 46 surveys, we concluded the survey.
Most doctors must have a master’s degree or higher to practice. Licensing is required in every state. However, there are states that allow those with a bachelor’s degree to obtain a license. The majority of our survey respondents had a master’s degree (76.6%), followed by a PhD or PsyD (17%).
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In addition to having a master’s degree, 89% of our respondents indicated that they were fully licensed, while 8.5% were provisionally licensed and 2.1% were state certified.
Tip: As a therapist, it’s important to keep your license and education up to date. Follow state licensing guidelines, attend additional training, and learn how to help people better! It certainly pays off the line.
As you can see, the difference between private pay and insurance rates is significant. Private pay rates are usually very high, allowing you to earn more per session.
Of course, there are always exceptions to the norm. Some therapists charge as little as $75 an hour, while others charge upwards of $150.
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Not all therapists work in the same environment. Of course, there are many different settings in which mental health professionals work.
The most popular type of respondents was group practice (70.20%), followed by individual practitioners (29.80%).
70.2% of respondents worked in private practice and 8.5% in public health agencies. Other types of settings include: hospitals, residential treatment centers, schools, and the nonprofit sector.
If you’re looking for a change of pace or a new environment, know that there are many different places you can work!
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The most common types of wages among our respondents were hourly wages (45.7%), salary (23.9%) and split wages (19.6%).
If you’re not sure what a split fee is, it’s when the therapist and client agree to split the payment for services. This is common among those in private payroll practice.
It’s important to note that wages and hourly wages can vary greatly based on many factors, such as location, practice type, and years of experience.
If you’re a therapist, it’s important to do your research and find out what the average hourly wage is for your area and experience level when looking to discuss your hourly salary. Don’t be afraid to question your worth!
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The majority of respondents were W-2 employees (53.5%), with 46.5% being independent contractors.
These are close numbers, but it’s important to know the difference when it comes to benefits, flexibility and taxes.
As an employee, you will have more protection in terms of pay, holidays and other benefits. Taxes are also automatically deducted from your paycheck.
As an independent contractor, you are considered your own business. This means that you are responsible for determining your own wages as well as paying taxes and other fees. You may have more flexibility in terms of setting your own hours and working from home.
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There are pros and cons to both options, so it’s important to do your research and decide what’s right for you.
These are common benefits offered to therapists, however, some employers offer other benefits such as student loan repayment, sign-on bonuses, and more.
If you’re a practice owner wondering how best to pay therapists, check out this awesome podcast episode!
If you’re a therapist looking for a new job or if you think you could benefit more, do your research and ask your practice to find out what’s common. It’s important to make sure you’re being compensated appropriately for your work.
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As mentioned above, wages can vary based on many factors. In this section, we break down the median salary and years of experience for full-time and part-time therapists.
Based on the actual number of practice owners we support, we have compiled the following salary information. These data points are not a comprehensive picture, but rather a snapshot of what private practice therapists are paid.
As expected, the actual number of years the therapist has been working is also important. The numbers below are averages for W2 employees and 1099 contractors. W2 employees typically receive less than a 1099.
As you can see, the salaries of therapists have increased from one to two years. This is possible because they have a more consistent and consistent workload.
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Note: It’s also important to remember that salary is not the only factor in compensation. Benefits, bonuses, and other factors play an important role in how much a therapist earns per year.
The mental health industry is constantly evolving, and it’s important for professionals in the field to stay up-to-date on salary information. This is important information for any mental health professional, as knowing what to expect can help with budgeting, career planning, and more.
We hope this guide provides valuable insight into the current salary situation in the mental health profession!
We sincerely thank all mental health professionals who took the time to complete our survey. Your responses have helped us build a clearer picture of the salary and compensation trends we expect in 2022.
Occupational Therapist Salary Guide
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If you disable this cookie, we will not be able to save your preferences. This means that you must re-enable or disable cookies each time you visit this website. If you are considering a career in occupational therapy, you may be wondering about the earning potential and job prospects in this field.
Occupational therapy is a rewarding profession that focuses on helping people recover and improve their daily activities.
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They play an important role in improving the quality of life for patients of all ages, from children with developmental disabilities to those recovering from injuries or managing chronic conditions.
In the United States, the job outlook for occupational therapists is very favorable. According to the Bureau of Labor Statistics (BLS), employment of occupational therapists will grow 14% through 2031, much faster than the average for all occupations.
As for their salary, these professionals earn an average of $85,570 annually. However, it is important to note that salaries may vary based on factors such as experience, location, specialty, and work environment.
In this guide, we’ll take a closer look at the factors that affect occupational therapist salaries, provide tips on how to maximize your income, and shed light on the benefits and advantages of pursuing a career in occupational therapy.
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Along with the growing demand for healthcare services, the field of occupational therapy offers promising job opportunities and competitive salaries.
Those with solid industry reputations and a proven track record of success may be able to negotiate higher compensation.
For example, the average occupational therapist salary is higher in cities with a higher cost of living due to increased demand and market competitiveness.
Occupational therapists who specialize in a specific area, such as pediatrics, geriatrics, or mental health, have a higher earning potential.
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Advanced certifications such as Certified Hand Therapist (CHT) or Certified Pediatric Professional Therapist (CPOT) can improve job prospects and lead to higher salaries.
At the same time, those working in specialized industries such as research institutes or consulting firms earn higher salaries due to the specialized nature of their work.
Higher education, for example
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