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This webinar explains how to create and implement a productivity-based bonus plan for outpatient PT/OT providers.

We cover the following topics:

• How does a bonus plan fit into a typical compensation plan?
• What are the pros and cons of adopting a bonus plan? 
• Should bonuses be determined on a group or individual basis?
• What factors should be used to determine bonus amounts? 
• Why is it important for the bonus formula to be as simple as possible? 
• How often should bonuses be paid? Monthly? Quarterly? Annually?
• What is the best way to roll-out the bonus benefit?
• Should PT/OT support staff members be included in the bonus plan?
• Should PT/OT Directors be bonused differently and, if so, how?
• What are examples of bonus plans that work?

CME Credit:

PT: This webinar will quality for 1.0 hour of PT CME credit in AL, AK, AR, AZ, CO, CT, DE, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, NE, NV, NH, NC, ND, NM, OK, OR, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY

OT: This webinar will quality for 1.0 hour of OT CME credit in AL, AK, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, IL, KS, KY, LA, MA, MN, MS, MO, NC, NE, NV, NH, ND, NM, OK, OH, OR, PA, RI, SD, TN, TX, UT, VA, VT, WA, WV, WI, WY

Speaker:  Cary B. Edgar, JD, is the President of PT Management Support Systems LLC (PTM) which provides physical and hand therapy development, management and consulting services throughout the United States.  Cary is a recognized expert on both the financial and regulatory aspects of therapy practices and has help to start over 200 PT/OT practices.  He is a frequent speaker and has published numerous articles on PT/OT strategic planning, benchmarking and financial analysis, incentive compensation plans and utilization trends.  Cary obtained his undergraduate degree from the University of Michigan and JD from Northwestern University.