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Private PracticeSimulator

Practice Scenario Comparisons

Compare different practice scenarios and employment arrangements to find the optimal setup for your mental health practice.

Disclaimer

The information provided by this tool is for general informational purposes only and should not be considered as professional financial, legal, or business advice. All calculations and projections are estimates based on the information you provide and general industry assumptions.

Every practice is unique, and actual results may vary significantly. We recommend consulting with qualified professionals before making any financial or business decisions based on the information provided by this tool.

Disclaimer

The information provided by this tool is for general informational purposes only and should not be considered as professional financial, legal, or business advice. All calculations and projections are estimates based on the information you provide and general industry assumptions.

Every practice is unique, and actual results may vary significantly. We recommend consulting with qualified professionals before making any financial or business decisions based on the information provided by this tool.

Most Frequently Compared

See how different employment arrangements stack up against each other

20 Hours Per Week

Independent Contractor vs Part-Time Employee

Independent Contractor (20 hrs)
Higher
Annual Total:$73,760
Monthly Average:$6,147
Effective Hourly Rate:$76.83
Part-Time Employee (20 hrs)
Annual Total:$36,608
Monthly Average:$3,051
Effective Hourly Rate:$38.13
Difference: $37,152

30 Hours Per Week

Independent Contractor vs Part-Time Employee

Independent Contractor (30 hrs)
Higher
Annual Total:$110,704
Monthly Average:$9,225
Effective Hourly Rate:$76.88
Part-Time Employee (30 hrs)
Annual Total:$56,424
Monthly Average:$4,702
Effective Hourly Rate:$39.18
Difference: $54,280

Leadership vs Independent

Full-Time Leadership vs Independent Contractor (30 hrs)

Full-Time Leadership
Annual Total:$120,481
Monthly Average:$10,040
Effective Hourly Rate:$60.24
Independent Contractor (30 hrs)
Higher
Annual Total:$121,596
Monthly Average:$10,133
Effective Hourly Rate:$84.44
Difference: $1,114.75

Experience Level

New vs. Experienced Clinician (Full-Time)

New Clinician (1 year)
Annual Total:$62,800
Monthly Average:$5,233
Effective Hourly Rate:$31.40
Experienced (5+ years)
Higher
Annual Total:$95,320
Monthly Average:$7,943
Effective Hourly Rate:$47.66
Difference: $32,520

Geographic Comparison

Same Role in Different States

California
Higher
Annual Total:$127,968
Monthly Average:$10,664
Effective Hourly Rate:$88.87
Texas
Annual Total:$85,992
Monthly Average:$7,166
Effective Hourly Rate:$59.72
Difference: $41,976

License Type

Associate vs. Fully Licensed

Associate License
Annual Total:$71,680
Monthly Average:$5,973
Effective Hourly Rate:$35.84
Full License
Higher
Annual Total:$95,200
Monthly Average:$7,933
Effective Hourly Rate:$47.60
Difference: $23,520

Work-Life Balance

High Hours vs. Reduced Schedule

High Hours (40/week)
Higher
Annual Total:$92,400
Monthly Average:$7,700
Effective Hourly Rate:$46.20
Reduced Schedule (32/week)
Annual Total:$76,080
Monthly Average:$6,340
Effective Hourly Rate:$47.55
Difference: $16,320

Multiple Roles

One Full-Time vs. Multiple Part-Time

One Full-Time Position
Annual Total:$80,100
Monthly Average:$6,675
Effective Hourly Rate:$40.05
Two Part-Time Positions
Higher
Annual Total:$86,000(combined)
Monthly Average:$7,167
Effective Hourly Rate:$43.00
Difference: $5,900

Career Progression

Early Career vs. Advanced Career

Early Career (Clinician)
Annual Total:$68,125
Monthly Average:$5,677
Effective Hourly Rate:$34.06
Advanced (Clinical Director)
Higher
Annual Total:$143,013
Monthly Average:$11,918
Effective Hourly Rate:$71.51
Difference: $74,887.5
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