At what size should a medical practice consider hiring a controller and what is the current salary for such a position? In this particular scenario, the office is a dermatology practice with five providers that is looking to add two more. The practice has five office locations with a sixth location opening soon. The practice currently has an office manager who does bookkeeping such as paying bills and reconciling bank account.
Answer: The salary range is approximately $38,000 to $58,000, depending on the scope of the position’s responsibilities. For that type of business office function, the range is 0.15 to 0.5 FTE per provider, so the practice is probably choosing the right time to have a controller, especially considering the dynamics of the various office locations adding complications.
This question was answered by: Curtis H. Bernstein, CHFP, CPA/ABV, ASA, CVA, principal, Pinnacle Healthcare Consulting, Centennial, Col., and a member of HFMA’s Colorado Chapter.
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