How do you fairly compensate associate doctors while keeping your practice profitable and attractive for long-term growth? In this episode of Podiatry Practice Mastery, I dive into different compensation models for podiatrists, share insights from a recent mastermind discussion, and reveal a simple calculator I built to make these decisions easier. You’ll also learn how I approach balancing doctor satisfaction, practice profitability, and long-term growth toward the $1,000,000 production goal.
What You’ll Learn in This Episode
Comparing 30% vs. 35% associate compensation models
When to deduct costs like orthotics, grafts, and expensive treatments
Using my AI-assisted calculator to plan salaries and bonuses
Strategies for reducing patient volume while increasing revenue per visit
Why You Should Listen
If you're running a podiatry practice or working as an associate, understanding the right compensation strategy can make a huge difference. This episode gives you practical frameworks to pay fairly, keep associates motivated, and ensure the practice thrives.
Key Topics Covered
[0:03] Discussing associate compensation models and retention strategies
[0:52] Comparing 35% payout models vs. simpler 30% structures
[1:49] Handling deductions for orthotics, grafts, Qutenza, and other high-cost items
[3:37] How I built an AI-powered compensation calculator to simplify decisions
[5:05] Reaching the $1,000,000 production goal with optimized visit values
[6:11] Factoring time off, leave, and salary expectations into compensation
[7:17] Why producing more per visit beats seeing more patients
[7:39] Offering access to my free calculator for smarter compensation planning
👉 Tune in to learn how I structure associate compensation, optimize profitability, and create win-win solutions for doctors and practices alike.
