New Provider Financial Expectations
Two Disclaimer:
On July 1st of 2024, our pay structure changed for all new providers who are coming onboard. If you applied before or left and are returning, any start date after July 1st of 2024 will be subject to the new pay structure.
The Income Estimate Calculator is not a commitment income and does not establish any relationship between the user and Counseling Professionals PLLC or qualify as an agreement of any sort. The calculator is a snapshot tool and an estimate based on averages of data collected. Each individual provider is different. Income does vary based on my different circumstances and is also influenced by each providers schedule, clients, and choices. The calculator and the results are for educational purposes only and Counseling Professionals PLLC is not responsible for us of the Calculator, the data entered, or the accuracy of the output. Please use this tool responsibly.
Sustainable Providers
We want being a therapist to fit with your financial goals. We do not want your genuine counseling relationship with clients to be tainted by the need to make money. Counseling Professionals PLLC pays our providers as much as we can, provides benefits, and covers costs to empower our providers to stay resilient, to feel in control, and grow as providers.
Maintaining Client Relationships through Financial Empowerment
Counseling Professionals wants your relationship with your clients to take president. We support your relationship with your clients by:
Letting you take the lead
If a client is having a hard time paying, you can adjust your rate to fit the client's situation. You do not need to ask, but let us know for billing.
We want counseling to be affordable for everyone
We are also okay with you writing off debt or doing pro bono work. This impacts your pay and ours, but we feel it is important to adjust to the situation with the client
We are hear to back you
If a client ghosts you, we will work to collect, but if we do not, we will provide you will some compensation we call Session Safety Net
If a client no shows and you feel they have a good reason, we leave those late cancelation fees completely up to you. We encourage you to keep the relationship with the client and expect some cancelations in your budget.
If you need to say that Counseling Professionals PLLC is making you charge a late fee, we are okay with that as well as it is sometimes hard to put your foot down with a client.
We do ask you work with your clients and the billing team to establish accurate information for billing and collections to run smooth
Once we have our system set up, the client should be able to come and go with everything running smoothly in the background
If there is an issue, we will work with you to find what is the best path to collect and maintain the relationship you build with your client.
Monthly Pay, Costs Covered, and Financial Expectations
Reliable income is important and having trust in your company to make sure you can earn a living is a high priority for Counseling Professionals PLLC. We do not ask you to just trust that you will be paid. We back that trust with clear expectations and the highest degree of transparency. Part of this section is to set some expectations and provide details about how we strive for industry leading transparency. Below are some aspect that influence pay and helps to understand how Counseling Professionals Operates:
Pay is Monthly and is based on collections received from clients that month
If a provider has a session January 20th and the copay is collected on the 21st, but insurance covered the rest of the session on February 14th, then the provider will receive a portion of the pay collected in January and a portion of the pay collected in February.
Every month, the total revenue is calculated and is split based on the position held. We do a operate cost split for the 1st 1k in revenue in a month and then a growth split for every dollar over 1k in revenue in a month. The positions are:
Interns - 1st 1k 25% Split and Over 1k 25% Split and a 60 dollar pay per month for admin tasks
1099 Contractors -
First Year - 1st 1k 60% and Over 1k 65%
One to Two - 1st 1k 60% and Over 1k 70%
Two to Three - 1st 1k 60% and Over 1k 75%
Over 3 Years - 1st 1k 60% and Over 1k 80%
Supervised 1099 Contractor - 1st 1k 60% and Over 1k 65% and Supervision is covered with learning path
W2 Provider - This is complicated for providers, but for those who need healthcare and stability for getting home loans or taxes, we do offer W2 Employment for providers who earn over 5k in revenue a month on average.
Considered a Sales position, pay split scales with Revenue
1st 1k 60% Split and Over 1k 60% to 80% Scaling from 5k in revenue to 9k in Revenue
8% Post employment fee
Benefits include BCBS NC Options Health Insurance, HSA with company contribution, Disability, Life Insurance, Tax withholdings, and more.
Supervisors
Intern Supervisors earn:
60 Dollars a month flat for being on the Supervision Committee
3% of total Licensed Supervisee income based on the number of interns supervised as a percentage of total
Supervisor for Associates:
60 Dollars a month flat for being on the Supervision Committee
8% of Total Licensed Supervisee income based on the number of supervisees supervised as a percentage of total
Important Note - Revenue split to Counseling Professionals goes to:
The money collected for Counseling Professionals goes to overhead, medical records, growth
Counseling Professionals PLLC believes in equality and pay is based on collections and is the same for everyone, including CJ. He makes his income from his own counseling, consulting, and educational contributions and not off the work of others.
Pay is Disbursed based on Direct Deposit and is in the account between the 7th and the 15th
Every Day, we generate a 4page report called the Daily Pay Estimate and on the 1st day of the month we send a Monthly Pay Statement. These includes:
Pay Information
Resources to know about taxes
Updates
We create a monthly video with Counseling Professionals company updates
Providers have access to individual client debt and different accommodations
What collections we received from each client and from what source
Other things we cover
Healthy Living Work Life options :
Based on your position within the company, we contribute to:
Child Care
Gym Membership
Community Programs
CE's through our partner CE Warehouse
Professional Liability Insurance when the PLI is renewed under Counseling Professionals PLLC
Psychology Today Costs
Session Safety Net - If a client does not pay, Counseling Professionals will compensate some of the lost income to the provider.
Employment Options
W2 does have different financial splits due to employment costs. Employment is not required, but is an option. We want employment options to be available and we make everything a choice for providers to pick the option and benefits elections that work best for them based on where they are at in life.
This comes with:
Life insurance
Disability
Healthcare
401k
Education
Financial Advising
EAP
HR Support
W2 Status for financial stability and more community support for loans
Administrative or Content Generation compensation possible.