Massage Practice Settings. Practice Settings - home office - office in building - room in prof. office - on-site or outcalls - salon, day spa - fitness.

Slides:



Advertisements
Similar presentations
So You Want to Be a Consultant? Mike Bacon, CFRE Bacon Lee & Associates.
Advertisements

Principal Life Insurance Company Disability Buy-Out Insurance
Exercise Science The Legal & Professional Responsibilities of Personal Trainers.
Collaborative Clinics Claudia Voyles, TX LAc Remedy Center for Healing Arts, Inc.
What are the different types of work?
Seacoast Chapter 185 Becoming an Independent Consultant.
Or Is He / She an Employee or a Contractor?.  According to Jackson Lewis  International Tax Avoidance  Wage Issues  Misclassification – Employee or.
Small Business Taxes 101 for Sole Proprietorships.
Prepared by: Michael Macleod Courtney Quinn Amanda Roemer Sheena DeVries.
Basic Financial Concepts
Chapter 14 Forms of Business Organization
Absence Management To be used in conjunction with the 1st Class HR ‘Absence Management’ Management Guide available at
David Smith MS ATC Sports Medicine 1  Define Athletic Training and its subcomponents  Describe the roles of the certified athletic trainer  Illustrate.
Sports Medicine Unit One. What is Sports Medicine Sports medicine refers to a broad field of medical practices related to physical activity and sport.
Health Care Financing and Managed Care. Objectives  To understand the basics of health care financing in the United States  To understand the basic.
LESSONS ENTREPRENEURSHIP: Ideas in Action© SOUTH-WESTERN PUBLISHING Chapter 2 SELECT A TYPE OF OWNERSHIP An Existing Business A Franchise.
Standard 7.01 Classify types of health insurance and features of types of coverage.
Salon Types and Their Locations “Life by the Numbers” Mr. Orioli
Chapter 14 Farm Business Organization and Transfer
Chapter 2 Income, Benefits, and Taxes
Advice from CPAs Ten Ways To Protect Your Business.
SMALL BUSINESS RESOURCE GUIDE CHECKLIST FOR GOING INTO BUSINESS.
Legal Issues in Hospital- Hospice (and Other) Partnerships Brooke Bumpers, Esq. Hogan & Hartson, LLP Washington, D.C. October 12, 2002.
Practice Development Charles J. Arcoria, DDS, MBA Demographics Location Leasing/Purchasing Options Financing Selection of Equipment/Supplies Fee Schedules.
Laurie McMillan Senior Safety Adviser & Workplace Health Adviser.
Objectives: -List and discuss types of earned income, such as wages, salaries, tips, and commissions. -Discuss the advantages and disadvantages of self-employment.
Overview of CISI Benefits & Procedures For the Participants of Rotary International 2012.
Chapter 2 The Athletic Health Care Team Benefits of Having an Athletic Trainer on Campus The cost effective approach since MD’s can’t be present at every.
Securing Your Financial Future Cash Management Presented by Teresa Muench NEA Member Benefits April 4, 2015.
Mr. Ramos.  Objectives: ◦ Identify types of health care facilities. ◦ Explain how to select health care providers and insurance. ◦ Discuss issues that.
Massage Therapy Review: Passing the NCETMB, NCETM, and MBLEx
HOME-BASED AGENTS Welcome to Unit 7. Review of unit reading material from textbook: Travel Career Development 8 th ed. Authors: Gagnon,P. & Houser, S.
RETURNING INJURED WORKERS TO SUITABLE EMPLOYMENT Presented By: Justus Swensen Utah State University Facilities Safety
The Athletic Health Care Team
Business Practice Models Minnesota Psychological Association September 18, 2015 Denise Kautzer, MA, LPCC, CPA
ACCOUNTING FOR HEALTHCARE Pertemuan 8-12 Matakuliah: A1042/Accounting Software Package for Services Tahun: 2010.
1 Chase Smith Health Insurance. 2 Health Insurance Facts 85 of 100 Americans are currently covered by a government based health insurance or private health.
Best Practices: Financial Resource Management February 2011.
Pay, Benefits, and Working Conditions
Overview of CISI Benefits & Procedures For the Participants of Rotary International 2011.
16-2.  A budget allows you to meet your personal goals with a system of saving and wise spending.  The main purposes of a budget are:  Live within.
Chapter 7 Self-Employment ©2007 CCH. All Rights Reserved West Peterson Ave. Chicago, IL CCH Essentials of Federal Income.
Professor Kristy K. Taylor.  Job Functions:  Roles and qualities of an Office Manager  Motivate and Mentoring Team Members  Certification  The Office.
The Athletic Health Care Team
Presented By Alan M. Friedman, CPA and Daniel Jobe Friedman, Kannenberg & Company, P.C. Beware of How You “Treat” Your Music Teachers.
Chapter 2 The Athletic Health Care Team Sports Medicine Definition: “A field that uses a holistic, comprehensive, and multidisciplinary approach to health.
Renting Versus Buying. Does renting or buying have less responsibility for maintenance and upkeep?
Legal Entities. 1. Sole Proprietorship 2. Corporation 3. Limited Liability Company (LLC)
LEGALITIES. Independent Contractors vs. Employees ◦ Personal trainers working in clubs are: ◦ Independent Contractors ◦ Employees ◦ Personal trainers.
Managing Your Money Chapter 23.
THE OVERNIGHT CONSULTANT, CHAPTER 3 Organizing and Managing the Business Presented by Ian Hannah.
Financial Management and Budgeting The Details. What Is a Budget? A useful tool for keeping track of funds. A useful tool for keeping track of funds.
© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Health Insurance Plans 2.4 Cost is a major concern Health care is over 15% of the gross national product Without insurance the cost of an illness can become.
ATHLETIC TRAINER Jacob Willey. Tasks n Teach others n Assist and care for other n Update and use job-related knowledge n Get information needed to do.
Objectives Identify different types of health care facilities. Describe a typical hospital organizational structure. Identify hospital departments and.
PHILIP R. BUDD, PSY.D. JILL TSIAKILOS, J.D. Creating and Maintaining a Counseling Practice.
Health Insurance Plans Intro to Health Science Unit One Lesson 5 Diversified Health Occupations pages.
EARNED INCOME #1 WHERE DO PEOPLE RECEIVE MONEY?  Working  Investments  Government transfer payments.
Fitness Professionals, Coaches, and the Sports Medicine Team: Defining Roles.
PROTECT YOURSELF FROM THE THREAT OF A DISABILITY [Association Name]
Dawn M. Saunders, BS, LMT, Owner Steps to Starting a Hospital-Based Massage Program at ABQ School of Massage.
 1/3 (33%) of full-time employee compensation  Common benefits ◦ Health insurance ◦ Dental insurance ◦ Life insurance ◦ Sick leave ◦ Retirement ◦ Vacation.
Level 1 Business Studies AS90837 Demonstrate an understanding of internal factors of a small business.
Personal Finance. 2 What is risk? Uncertain and unpredictable factors, some of which can be controlled to a certain extent, that can lead to loss or injury.
Lesson 6-2 Protecting Income
Namasté Yoga and Massage Therapy
Get coverage for whatever comes your way.
The Athletic Health Care Team
Presentation transcript:

Massage Practice Settings

Practice Settings - home office - office in building - room in prof. office - on-site or outcalls - salon, day spa - fitness center / gym - hospice - medical office Group Practice Private Practice - health clinic - wellness center - medical clinic - specialty clinic

Private Practice

Independent Contractors - separate business operating under another business - rent based on flat rate or percentage of services - consult with attorney and financial advisor - IRS requirements to qualify

Key Aspects of Private Practice  Autonomy - flexibility - maintain control (when,where, how) - professional isolation  Safety - outcalls/environment/referrals - prevention

Key Aspects of Private Practice  Finances - carefully manage cash flow - planning (quarterly taxes, marketing, insurance, etc) - awareness of tax deductions  Benefits - no paid vacations, sick days, etc.

Success Tips for Private Practice -Minimize isolation: network /attend conferences - Keep good records - Focus upon marketing - Develop clear policies - Schedule efficiently/arrange time off - Take safety precautions - Hire others to do time-consuming tasks (accounting)

Salons and Day Spas -Often rent rooms to therapists -Who provides supplies? -Personal or shared treatment room -Insulation from other sounds/odors? -Fee-splitting allowed - Marketing required - brochures, demos, gift certificates

Working in Salons/Spas - Display business cards and brochures on display - Set clear cancellation policies - Give staff massages - Consider location of treatment room - Follow-up calls / birthday cards to clients - Maintain accurate records and files - Use down-time wisely

Fitness Centers and Health Clubs - Display business card and brochure at front desk - Offer free demos and classes - Network with trainers, dietitians - Educate staff on how your services may help clients - Utilize comprehensive intake form - Take classes / exercise at facility Fitness centers often have highly motivated clientele. Good place to gain experience and to work with a variety of sports injuries

Celebrities / Athletes - Get legal advice about employment contract - Clarify what is expected of you - Clarity how travel expenses, lodging, meals are paid - Maintain good communication and boundaries Celebrity patrons of an establishment may offer you a job. These jobs are glamorous but are demanding. You may be required to travel and cater the celebrity or athlete.

Corporate Wellness Programs - Local chapter of Wellness Council - Contact local businesses - Chair massage experience - Network at health fairs - Arrange to be paid hourly - Get advice from others (non-competing) therapists Each dollar spent on employee wellness returns three in productivity! Wellness initiatives create a healthy and happy productive staff. May include chair massage, fitness classes, smoking cessation, nutrition, yoga, etc... Flex benefits may cover wellness services and classes.

Hospice - Allow ample time for record keeping - Keep detailed, accurate records - Know contraindications - Gentle touch therapy is effective in easing pain - Be prepared to adapt to unexpected schedule changes Terminal or incurable illnesses population Usually paid a flat rate fee Can be emotionally demanding May need to adapt treatment (working with client in bed)

On-Site and Outcalls - Safety: communicate with someone avoid late-night apppointments - Set a price to reflect travel time - Schedule wisely (group massages in same location) - Establish boundaries (eg. lateness of client) Advantages: low overhead convenient for the client Disadvantages: Must carry equipment Extra time Uncontrollable distractions

Primary Care Provider Office - Give free demonstrations - If paying per session, negotiate a monthly payment limit - Be clear on your role - Market yourself to current patients Therapist usually pays a flat or per session (safety net) Advantages: share marketing expenses good source of referrals sense of community Disadvantages: may need to sign a restrictive covenant agreement PCP may not refer anyone

Group Practice

camraderie Brainstorming tx. variety of services professional image extensive office resources cost-effective Benefits:Considerations: delayed payment (insurance) complex financial arrangements create clear written agreements

Group Practice Holistic Health Care Clinics Offer a variety of services – chiro., acupuncture, massage Specialty Clinics Focus upon a single specialty Medical Clinics Sports medicine, Physical therapy clinics Formed as an association of partnership Practitioners can operate as separate businesses but work together and share office space, rent, maintenance expenses.

Aspects of Group Practice 1. Self-Assessment Clarify reasons for wanting an associate Similar or different work than you? How do you want to share and divide space? How much control do you need?

Aspects of Group Practice  Interviews Share dreams, goals and concerns Look for commonalities and possible conflicts Compatible personalities?

Aspects of Group Practice 3. Roles, Goals & Expectations Delineate in writing, goals and expectations Create dissolution (buyout) agreement Design full business plan before partnership Clarify financial arrangements

Aspects of Group Practice 4. Legal Status Most group practices are associations Partnership = jointly owned business

Aspects of Group Practice 5. Finances Create a contract - outline each person’s financial obligation Agree on operating budget Hire financial advisor

Aspects of Group Practice 6. Product Sales Source of additional income Determine method and percentage of reimbursement

Aspects of Group Practice 7. Marketing Shared expenses Develop marketing plan - define goals - define target dates - budget

Aspects of Group Practice 8. Interaction Levels Clarify desired level of interaction - to share expenses only? Hold regular business meetings

Aspects of Group Practice 9. Office Logistics Day to day activities - preparing office for clients - restocking supplies - cleaning - coordinating repairs May need a “policy and procedure” manual - re: phone etiquette,

Aspects of Group Practice 10. Scheduling Clients Create client scheduling policy Who gets the next yellow page referral?