How do ETs set their rates? There are many factors that go into the decision of what rates to charge. First, it is important to consider your income needs and the clients you wish to serve. Next, determine what rates the market in your area will support. While educational therapists may not agree among themselves to establish a rate they will charge (that is called collusion which is illegal), performing a selection of informational interviews and sampling the fees of educational therapists in your area may be helpful to gauge the range of rates others charge. Rates for services will vary considerably based on specific geographical location, areas of academic expertise, types of training, and years of experience.
Some ETs use part of their client hours for reduced rate services and/or sliding scales to enable a wider range of families to have access to ET services. Additional fees may be charged for such services as school visits, attendance at IEP meetings, travel to a client’s home, materials, report writing, and ongoing consultation with the parent/caregiver. These fees should be specified in advance and may differ widely from ET to ET.
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What Do I Do With All This Data?
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Now that you have done your research, how do you use it? The Rate Analysis spreadsheet may be helpful in analyzing your data to decide on your practice’s rates. Here are some factors to consider:
- What are my projected expenses? (I need to at least pay for these.)
- How much money do I need to earn and take home as income?
- How does my knowledge and experience compare with the sampling information I collected?
- If I am new to the field, I should not expect to earn as much as someone with years of experience.
- If I have special skills and training, I might be able to charge more than the average ET.
- If I am just starting up and trying to get my first clients, I may charge less than my goal to bring in those first few people.
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Rate Analysis Tool
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The Rate Analysis spreadsheet may be helpful in analyzing your data to decide on your practice’s rates.
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