All therapists are hired as a 1099 contractor
A W-2 employee works directly for a company, which controls the means and methods of their work and withholds taxes from their paycheck. A 1099 independent contractor, which is the model we use, operates as a separate business entity. As a contractor, you provide professional services to our company based on the terms of a contract, giving you greater autonomy and control over your work.
As an independent contractor, you are responsible for managing your own taxes. Our company does not withhold income tax, Social Security, or Medicare from your payments. You will receive a Form 1099-NEC from us at the end of the year detailing your total earnings. It is your responsibility to pay self-employment taxes and make estimated quarterly tax payments to the IRS and state authorities.
Independent contractors are not eligible for company-sponsored benefits such as health insurance, retirement plans (like a 401k), or paid time off (PTO). You are responsible for securing your own insurance and planning for your own retirement and time off, just as any small business owner would.
As a 1099 contractor, you are responsible for all your business-related expenses. This includes maintaining your professional license, securing your own professional liability insurance, costs for continuing education, and any tools or equipment you need to perform your services. Many of these expenses may be tax-deductible for your business.
A key advantage of being an independent contractor is professional autonomy. While we require that all services meet professional standards and patient needs as outlined in our agreement, you have control over your schedule and the specific clinical methods you use to achieve patient goals. This is different from a W-2 employee, whose hours and methods are typically directed by the employer.
We process payments in two monthly cycles. Payments are made 40 days after the end of a cycle.
We'll begin by creating your user accounts for our Electronic Medical Records (EMR) system and internal communication platform (SLACK).
Next, you will be guided to securely upload all necessary professional credentials to your new profile.this item. These include:
Finally, we will provide in-depth training on our documentation software and EMR system to perform a practice note to ensure you are confident and ready for your role.
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