At big island massage network, we keep our overhead low to keep everyone’s pay as high as possible. We want our relationship with you to be a sustainable one that can last the duration of your career, and for veteran therapists that means making more and working less. We are shooting for a win-win-win scenario between you, the client, and us the network.
While the industry pay is high, it is not without its risks. We never know for sure whether we will be paid until the insurance company responds to our bill which can take a month or more for no-fault and two months or more for work-comp. By knowing the system and actively looking for warning flags that could prevent payment, we have been able to keep our payment percentage high in the 90-100% range when you follow our procedures.
We receive the pay from the insurance company on your behalf, pay the retail GE tax, deduct our fees, then deposit the remainder in your account. These are the amounts deposited in your account per 60 minute session:
$105 for clients of yours
$90 for clients we send you
Your pay gets processed within 2 weeks of us receiving the check from the insurance company. (There are no cash tips for insurance massage.)
Here is a breakdown of our fees (already deducted in the rates above):
Billing 10%
Case Management 12%
Network Administration 11% (Only for clients we send you)
You will have to fill out a W-9 form so that we can report your earnings.
You will receive a 1099 form at the end of the year if you make over $600
You must set aside your own social security, federal, state, and wholesale GE Taxes (0.5%)