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You're not far off. The current growing company I work for is at about offering 30% more to psychologists than midlevels and in recent year or so has started shifting the model more where psychologists basically do the same work as midlevels (and insurance wise nearly the same as LMFTs). When I started like 5 years ago it was about 50% more. I expect within next 2-3 years they'll lower the starting salary for new hires and maybe offer 20% more if that to psychologists. They're really missing an opportunity (not just this company but all companies like them) to leverage the unique competencies and skillsets of psychologists instead of just "everyone from LPC to LCSW and LMFT to Psychologist just does the same work!" Ironically, it would probably, since for profit, boost profits but also increase insurance liability costs if they wade into actual evaluations on patients instead of basically glorified screeners and data collection for SNFs and Nursing Homes. It's an easy gig , generally flexible, less hours, as I recall you used to work in these places too.I am not going to be surprised when the salaries offered to us are exactly 25 percent more than a midlevel. For context, when I started out my company was paying psychologists 50 percent more than midlevels with many openings. However, we were the only option for snf facilities at the time. Many folks mentioned companies were making little off of us but needed to offer the service and made money off the NPs. Increasingly solo private practice may be the only way to money.
But you're right, solo practices are probably going to wind up being where real money is (and I think where real skillsets and services we as psychologists are trained and competent to provide will be of most use). I fear that solo private therapy only practices are at risk of being competed further by bottom of barrel companies like Better Help and midlevels racing to the bottom to be a part of that while also charging less per session. Assessments, testing, accommodations evaluations, and such are probably where psychologists solo will still find the time/effort is relatively still worth the payoff.
