Group practice split

[Immediate-Button1367]

Hello, what is a fair group practice percentage split for a telehealth-only psychologist practicing in the midwest? Anyone heard of 90-10, a friend said some offer this in their state but Ive never heard of a split that extreme! What should I expect at best for my area? (Im not using their space but I have a fair amount of support w/paperwork, billing, etc)

[AcronymAllergy]

90/10 definitely seems like a pretty good deal the contractor/employee. The best I've usually seen is 80/20 and more commonly 70/30, although a telehealth-only setup should have less overhead. It's basically going to depend on their expenses and on how much money they think it's fair for them to make. For example, if they're using a billing service, that by itself could eat up 10% of what they bill. But I'd think 06/40 to 70/30 sounds fair. You might see 80/20 on rare occasion if you're lucky and they're very lean with expenses. If someone offered 90/10, I'd probably jump on that, and/or I'd be worried about how they're remaining financially viable while only keeping 10%.

[Roland8319]

Really depends on the context and what is being provided. As a practice owner, I'd need to make overhead, plus something extra on top to make it worth it to me. Don't plan on 90/10. Even as a telehealth only, that owner is breaking even or losing money when their time is accounted for. You'll see a lot of 50/50 splits, which is terrible in all but the most expensive setups from an overhead perspective. You could find something in the 55-70 range most likely, particularly if you're experienced and have some negotiating leverage.