Practice Administrator Compensation

Learn about the Practice Administrator Compensation section of the survey.

Purpose

This section is designed to collect compensation and benefit data on the most senior executives within the orthopedic practice.

Related Dashboards: Practice Administrator Compensation, Practice Administrator Dashboard

Section Overview

  • Compensation – Captures base and bonus compensation data for the identified individuals.
  • Benefits – Specifies the benefits given to practice administrators during the reporting year.

Fields

  • Practice Administrator Position – Select the position titles that most accurately reflect members of your practice's executive management team. CEO/Practice Administration - Executive/management staff who reports directly to the Board of Directors COO/Operations Director - Executive/management staff who is responsible for overseeing practice operations CFO/Finance Director - Executive/management staff who is responsible for the practice's finances and accounting operations CIO/IT Director - Executive/management staff who is responsible for the practice's information technology Human Resources Senior Staff - Executive/most senior management staff responsible for human resources Marketing Senior Staff - Executive/most senior management staff responsible for marketing
  • FTE Status – Identifies whether the individual worked full time (i.e., 1.0 FTEs) during the reporting year or less than full time. FTE (Full-Time Equivalent) is calculated for all individuals employed by the practice on a full or part-time basis. A full-time employee who works 40 hours per week would be reflected as 1.0 FTE.
    • To calculate the FTE of a part-time employee, divide the number of hours worked in an average week by the normal work week of the practice and multiply by the number of months worked per year divided by 12 total months per year.
      • FTE - (# hours worked in average week/hours in normal work week) X (# months worked/12 months)
  • Base Salary– The amount of base compensation (e.g., annual salary) paid to the individual during the reporting year.
  • Bonus Compensation – Amount of any bonuses paid to the administrator during the reporting year.
  • Other Compensation – Enter any compensation paid to the administrator that is not typically considered a part of an administrator's compensation package (e.g., ownership in a MRI)
  • Total Compensation + Bonus – FORMULA: Sum of Base Compensation and Bonus Compensation
  • Pension – Amount paid by the practice for the individual's pension. Include amount received from profit sharing agreements here. Please enter $0.00 in this field if no pension is provided.
  • Health Insurance – Amount contributed by the practice for the individual’s health insurance. Do not include dental/vision insurance if not included in the health insurance policy.
  • Disability Insurance– Amount contributed by the practice for disability insurance. Please enter $0.00 in this field if disability insurance is not provided.
  • Life Insurance – Amount contributed by the practice for life insurance. Please enter $0.00 in this field if life insurance is not provided.
  • Car Allowance – Amount paid to the individual as a car allowance during the reporting year. Please enter $0.00 in this field if a car allowance is not provided.
  • Professional Development – Include association membership fees, continuing education, and other professional development activities. If professional development is paid as a fixed annual amount, enter that fixed amount here. If professional development is paid based on a specified number of conferences or educational opportunities, enter the actual amount paid here. If no professional development is provided, enter $0.00 in this field.
  • Total Benefits – FORMULA: Sum of Pension, Health Insurance, Disability Insurance, Life Insurance, Car Allowance, and Continuing Education
  • Total Compensation + Benefits – FORMULA: Sum of Total Compensation + Bonus and Total Benefits