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Salary for DPT in NJ

 
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Salary for DPT in NJ - September 24, 2008 11:18:27 PM   
LifeIsGood

 

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I posted this in the student section but got no response. I thought maybe it might get more input here...

What is the salary range for a DPT in northern NJ? I figure they start around 50-60k (which could be wrong I guess), but I was wondering what the future brings and how much opportunity there is for an increase? I know it varies based on whether or not you have your own practice, but I would like information on both private practice and not...

Thanks for the information
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RE: Salary for DPT in NJ - September 27, 2008 12:03:53 PM   
LifeIsGood

 

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can anyone give me more relevant information than website stats on this?

I mean I looked up the salary on two different sites, salary.com and indeed.com, for my area and found complete different results. Salary.com said somewhere in the 70k range, while the indeed.com was minimal high 80k and often upwards of 90-100k. I would just like to hear from people actually in the field to get an idea of what it's really like and what the future looks like for salaries..

(in reply to LifeIsGood)
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RE: Salary for DPT in NJ - September 27, 2008 12:20:39 PM   
SJBird55

 

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None of the main therapists that post on this forum are from New Jersey.

New Jersey is the one state that has a physical therapist society (for lack of a better description)... they either did or are working toward creating a law that focuses on what is allowed for reimbursement (if I remember correctly).  New Jersey have some horrible insurance reimbursement contracts and a group of independent physical therapists are fighting it.  The APTA is not assisting in the matter; the therapists are doing it on their own.

So, if reimbursement doesn't stay the same or increase... if contracts of $40/visit are signed... if there is a high percentage of referral for profit facilities, what do you think the future will be? 

(in reply to LifeIsGood)
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RE: Salary for DPT in NJ - September 27, 2008 3:19:20 PM   
LifeIsGood

 

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quote:

ORIGINAL: SJBird55

None of the main therapists that post on this forum are from New Jersey.

New Jersey is the one state that has a physical therapist society (for lack of a better description)... they either did or are working toward creating a law that focuses on what is allowed for reimbursement (if I remember correctly).  New Jersey have some horrible insurance reimbursement contracts and a group of independent physical therapists are fighting it.  The APTA is not assisting in the matter; the therapists are doing it on their own.

So, if reimbursement doesn't stay the same or increase... if contracts of $40/visit are signed... if there is a high percentage of referral for profit facilities, what do you think the future will be? 


I don't really know what the future will be. That's why I'm asking. You obviously know more about it than I do, so what is your opinion ?

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RE: Salary for DPT in NJ - September 27, 2008 4:50:49 PM   
TexasOrtho


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You think we might know the future?  As volatile as health care is I wouldn't put too much stock in any one's opinion about how things would be 5,10, or 20 years down the road.  If you aren't getting satisfactory answers here, why don't you just call a clinic director in NJ and ask them?  You'll get a much more straightforward answer than our speculation.

_____________________________

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Board Certified Orthopedic Specialist (or Super-Freak)
Certified Strength and Conditioning Specialist
Movement Science Podcast and Blog

(in reply to LifeIsGood)
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RE: Salary for DPT in NJ - September 27, 2008 5:29:27 PM   
LifeIsGood

 

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quote:

ORIGINAL: TexasOrtho

You think we might know the future?  As volatile as health care is I wouldn't put too much stock in any one's opinion about how things would be 5,10, or 20 years down the road.  If you aren't getting satisfactory answers here, why don't you just call a clinic director in NJ and ask them?  You'll get a much more straightforward answer than our speculation.


Well I'm not going to base my entire career and future on the opinions of this forum, but I just wanted to hear from people who definitely know more about the subject than I. I also don't really know what questions to ask a clinic director or someone else in the field. You don't think it's unreasonable to just call up a clinic and ask what the future looks like and what the salary would be? If not, then by all means I will go ahead and try that.

I don't expect anyone to know the future, but I want to at least have an educated guess as to what it will most likely be like before I go and dive into anything. I want to give myself the benefit of the doubt on future endeavors, especially with the way things are going in the country now. I apologize if my questions seem irrelevant or unprecedented. Like I said, I was just looking for a more informed opinion.

< Message edited by LifeIsGood -- September 27, 2008 5:34:22 PM >

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RE: Salary for DPT in NJ - September 27, 2008 6:14:47 PM   
SJBird55

 

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I kind of gave you my opinion.. if there happens to be a scenario of less cash flow for clinics, what the heck do you expect to happen to salaries?  (Small physical therapy clinics won't have any government official offering to bail them out before they go under...)

If you want to know specifically about New Jersey - pick an area in New Jersey, see if you can figure out the top 3 or 4 insurance policies in the area;  look into how those policies pay for therapy services; look into the worker compensation fee schedule; look into the auto accident laws; look into the mix of types of clinics - hospital, corporate, private, physician owned. 

It sounds to me as though you want an easy answer, but don't necessarily want to do your own homework to determine what you think on your own. 

< Message edited by SJBird55 -- September 27, 2008 6:19:12 PM >

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RE: Salary for DPT in NJ - September 27, 2008 6:41:40 PM   
LifeIsGood

 

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quote:

ORIGINAL: SJBird55

I kind of gave you my opinion.. if there happens to be a scenario of less cash flow for clinics, what the heck do you expect to happen to salaries?  (Small physical therapy clinics won't have any government official offering to bail them out before they go under...)

If you want to know specifically about New Jersey - pick an area in New Jersey, see if you can figure out the top 3 or 4 insurance policies in the area;  look into how those policies pay for therapy services; look into the worker compensation fee schedule; look into the auto accident laws; look into the mix of types of clinics - hospital, corporate, private, physician owned. 

It sounds to me as though you want an easy answer, but don't necessarily want to do your own homework to determine what you think on your own. 


Well thank you for your opinion. It's not that I don't want to do my own homework. I do it all the time and I am currently doing it by getting a job as a physical therapy aide to help me get a feel for the business, what the job entails, and how it is run. The questions that I ask on here are another part of the homework that I'm doing. Doing homework is researching and trying to find out answers, which is why I ask things on here. I have looked up salaries and things but I get mixed results and I know that stats are just stats and hearing from actual people is more accurate.

I didn't know of those things you mentioned (how insurances pay) to be things that I could/should look into. Again, that's why my questions come here, because I need answers, not because I'm too lazy to find things out myself. I'm doing the best I can to find out things so that I can have a solid foundation of what I would be getting into.

(in reply to SJBird55)
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RE: Salary for DPT in NJ - September 29, 2008 12:07:03 AM   
LifeIsGood

 

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Are the limits on duration/reimbursement to physical therapists mainly based on Medicare, or are all insurance companies involved with this issue?

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RE: Salary for DPT in NJ - September 29, 2008 1:11:02 AM   
TexasOrtho


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Mainly federal guidelines based on CMS.  Other payors tend to follow suit.

_____________________________

Rod Henderson, PT
Board Certified Orthopedic Specialist (or Super-Freak)
Certified Strength and Conditioning Specialist
Movement Science Podcast and Blog

(in reply to LifeIsGood)
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RE: Salary for DPT in NJ - September 29, 2008 2:23:55 AM   
SJBird55

 

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CMS has a capped financial dollar amount for physical therapy services provided under Medicare B in a private practice setting.  That financial dollar amount is shared with speech therapy.  Although there is a limit, it really isn't a limit because a KX modifier can be added to claim forms when the cap is reached.

Private insurance companies have all sorts of various physical therapy benefit plans.  # of visits can be capped... duration of time can be capped... financial dollar amount can be capped.  The limitations can be based per member, per year or per diagnosis.  Benefits for a single policy can be different based on in-network versus out-of-network services.

(in reply to TexasOrtho)
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RE: Salary for DPT in NJ - September 29, 2008 4:49:45 AM   
LifeIsGood

 

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quote:

ORIGINAL: SJBird55

CMS has a capped financial dollar amount for physical therapy services provided under Medicare B in a private practice setting.  That financial dollar amount is shared with speech therapy.  Although there is a limit, it really isn't a limit because a KX modifier can be added to claim forms when the cap is reached.

Private insurance companies have all sorts of various physical therapy benefit plans.  # of visits can be capped... duration of time can be capped... financial dollar amount can be capped.  The limitations can be based per member, per year or per diagnosis.  Benefits for a single policy can be different based on in-network versus out-of-network services.


Gotcha. So how are the policies currently doing; I mean I know Medicare obviously is hurting the reimbursement to PTs, but what other the private insurance companies? Are they hurting too? If so, is there light at the end of the tunnel for them?

(in reply to SJBird55)
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RE: Salary for DPT in NJ - September 29, 2008 11:12:17 AM   
SJBird55

 

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Some employers purchase the insurance policies for employees.  The economy sucks right now, so employees are paying more and more per month to have insurance coverage... their deductibles and copays continue to rise.  Some employers do not have any insurance plans in place and the employee has to make a choice about whether or not he/she wants insurance and would then purchase an individual plan for self or family.  I'd highly doubt the private insurance companies are hurting... if insurance premiums continue to INCREASE and the reimbursement continues to DECREASE that means profit for insurance companies.  They aren't hurting one bit.

(in reply to LifeIsGood)
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RE: Salary for DPT in NJ - September 29, 2008 11:47:14 AM   
LifeIsGood

 

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quote:

ORIGINAL: SJBird55

Some employers purchase the insurance policies for employees.  The economy sucks right now, so employees are paying more and more per month to have insurance coverage... their deductibles and copays continue to rise.  Some employers do not have any insurance plans in place and the employee has to make a choice about whether or not he/she wants insurance and would then purchase an individual plan for self or family.  I'd highly doubt the private insurance companies are hurting... if insurance premiums continue to INCREASE and the reimbursement continues to DECREASE that means profit for insurance companies.  They aren't hurting one bit.


Sorry I guess I wasn't clear with my wording. When I asked if "they" were hurting I meant are the private insurance companies hurting PTs also

(in reply to SJBird55)
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