To Extend, or Not To Extend a Travel Therapy Contract?

Written by Travis Kemper, PT, DPT

Should I stay or should I go now?

How do you know when to extend a contract or when to move on? There is no definitive answer to this.

My fiancée Julia and I have extended contracts anywhere from 2 weeks in order to better accommodate our travel plans, to a full thirteen weeks at one contract. In general, we have found that we are usually ready to move on at the thirteen week point whether we extended or not. In all cases of extensions, we have been persuaded to stay partially by the facility having a desperate need for PT coverage.

In the future, we will only extend if it is in our best interest, and we will always ask for an increase in pay with an extension. Thus far we have gotten up to $200 net per week bonus pay with an extension.

Know Your Preferences

An extension is always a personal decision, and you need to know yourself. Many times a facility will approach you very early in the contract for an extension, so you need to understand your own preferences.

If you are like us, you may get an itch to leave starting about 10-12 weeks in. Extending causes that itch continue for the entire extension period.

However, many travelers, such as Jared and Whitney,  find they would rather do 4-6 month contracts, or even up to 1 year so they can get comfortable with the position and location before they move on, as well as earn guaranteed money and not have to deal with the hassle of moving. If that is you, extending can be a great way to earn some more money and have a little more stability in your life.

Signs That The Facility May Want an Extension

Sometimes you can get a feel during the interview if the facility is the type to want a traveler to extend or not. You can also sometimes get a feel for whether they are likely to keep you for the duration of your contract or if there’s a possibility your contract could get cut short.

If you can find out the reason why they need a traveler in the first place, that will give you a good idea. For example, maybe it’s a rural area and they have been using travelers back to back for a year or more. In that case, there’s a good chance you could stay there longer if you wanted to. Or maybe it’s not a rural area, and they’re still using travelers back to back and can’t find a permanent employee. Maybe then you should be hunting for reasons why they can’t keep permanent staff.

On the other hand, if someone just quit and they are rapidly trying to find a permanent employee and conducting permanent interviews, there’s a chance they might cut your contract the first chance they get when someone permanent is hired. This also might not be an ideal situation for you, especially if you are traveling a long way to take the job.

It’s a good idea to feel out these things early on, as it can definitely give you a good indication of what type of situation you’re getting into as a traveler. But, don’t always fear the rotating-traveler, begging for you to extend facilities. They’re not all bad, and you could have a great experience there and want to extend.

Do you have questions about contract extensions? Send us a message and we can chat! Want to tell us about an experience you had with a contract extension? Leave a comment below!

Opportunity Cost: Passing on a Travel Job and Having Unplanned Time Off

Written by Travis Kemper, PT, DPT

What is Opportunity Cost?

Opportunity cost is an important economic term that most of us rarely think about. An opportunity cost is quite simply a lost benefit from choosing one option instead of another.

Opportunity Cost and Travel Therapy

Why is this important and what does it have to do with travel therapy? We’ve seen a number of travelers post about a potential job opportunity that they were passing on due to the pay being too low for them by $100 or $200 per week. They say if the pay was higher they would take the position because everything else sounded great!

So let’s analyze the opportunity cost of passing on a position without a replacement position readily available:

  • John is a new grad traveler and receives an offer of $1500 per week that starts 10/1.  John turns down the position, stating that his minimum acceptable pay is $1650 per week because he wants to pay down his loans as fast as possible.  Good news, John finds a position paying $1650 per week that starts just 2 weeks later on 10/15, and he takes this position.
  • Sally also is traveling with the goal of paying down her loans quickly.  Sally takes the position for $1500 per week and starts 10/1.

Who makes out better financially?

  • Sally makes $1500 x 13 weeks= $19,500 net pay, 13 weeks after 10/1
  • John took 2 weeks off waiting for that bigger paycheck. 13 weeks after 13/1, John earns $1650 X 11= $18,150.

The opportunity cost for John is $19,500 – $18,150 = $1,350 in lost income, due to waiting for the higher paying position.

Conclusion

The moral of the story is that higher pay isn’t always higher pay if you have to wait to start. This is a very simplistic example, but as you can see, continually passing on “low pay” will hurt you financially in the long term if you take extra, unplanned time off.

We recommend you take the right job instead. Pay is important, but sometimes the highest paying positions can also be the least desirable positions.

If you have questions about a travel therapy position, pay packages, or need help in your travel therapy journey, please shoot us a message and we would be happy to help!

How to Find a Travel Therapy Company and Recruiter

Written by Travis Kemper, PT, DPT

The Importance of a Good Recruiter and Company

Your position is only as good as your company, and your company is only as good as your recruiter. We never want to fight over money, we want at least acceptable benefits, and we want a company that stands behind their travelers. At the end of the day, we are the talent, and they should want to keep us on their team by treating us right.

Don’t Make the Same Mistake

The biggest mistake my fiancée and I made early in the process was requesting more information from Allied Travel Career’s website. The calls, texts, and emails still haven’t stopped years later. When we did find recruiters that we liked and trusted, they disappeared (sometimes mysteriously), got promoted, or changed companies. Recruiters are in the sales business, and sales is a field with very high turnover. You are going to want recruiters that are in it for the long haul, are honest, and actually listen to your wishes.

The company is important as well.  Preferably they take care of your recruiter and you throughout your career as a traveler. Glassdoor.com and indeed.com are good places to start that can provide you employee reviews on just about any company you can think of.

A Few Considerations in Choosing A Recruiter

  • How long have they been with the company?
  • How many travelers are on their caseload?
  • Do they respond quickly to your calls, texts, emails?
  • Does the recruiter seem honest and transparent with you, or are they being shady and withholding information?

A Few Considerations in Choosing a Company

  • Look at their benefits package and make sure it meets your needs
    • Are you eligible for 401k, and if so when? Do they offer a company match?  What is the vesting schedule?
    • When does insurance coverage start, day 1 or day 30?
  • See if they offer any bonuses such as travel reimbursements, referral bonuses, overtime bonuses, contract extension bonuses, etc.
  • Do they offer 40 hour guarantees for contracts?
  • Do they cover costs of licensing, credentialing, and continuing education?

Picking the Right Company and Recruiter for You

There is a lot to take into account when choosing the best travel therapy company and recruiter. We definitely recommend working with 2-3 companies at a time to give yourself the most options when searching for a travel contract.

If you don’t want to go through the process of combing through the hundreds of companies and thousands of recruiters yourself, send us a message and we will send you to our most trusted recruiters!

Why Choose Travel Therapy?

Written by Travis Kemper, PT, DPT

My “Why” For Travel Therapy

Everyone’s “why” will be very personal and may be very different. My fiancée Julia and I are traveling for the freedom it provides. We enjoy not being tied down to one geographic location and not being obligated to work 50 weeks per year. There are too many things we want to do with our lives to settle down in a permanent position.

We want to travel, not for 2 weeks each year, but long enough to immerse ourselves in the culture of a new place. We would someday like to do international mission trips as well where we can use our skills and training to help others that have tougher challenges and decreased access to appropriate healthcare.

What’s Your “Why”?

You don’t have to want the same things I want, but you should know your why. Maybe it’s to travel, maybe it’s to pay student loans off, maybe it’s for financial independence. It could be that you completed 3-4 internships and have no idea what setting you want to practice in because your profession has too many awesome options (I can relate to this)! Maybe you’re burnt out in your current position and need a change of scenery.

Whatever your why is, you hopefully take it into consideration before embarking on a traveling or permanent career decision.  Your why can, and hopefully will, change as you grow as a person, but your why can always provide you with direction in your career and life.

So, what is your “why” for considering travel therapy? Shoot us a message or leave a comment below. We’d be happy to help you get started on your journey to pursuing travel therapy today.

Travel Therapy: What is a “Tax Home”?

Authors: Travis Kemper, PT, DPT; Jared Casazza, PT, DPT; Whitney Eakin, PT, DPT, ATC

What is a Tax Home?

If you are just starting out in travel therapy you may not be familiar with the concept of a “tax home.”  Basically, a tax home is your primary residence, where you live and/or work. When you’re working as a travel therapist, having a tax home allows you to take housing and per diem stipends provided by travel therapy companies without having to pay taxes on them due to the stipends being a reimbursement for costs incurred at the travel assignment location.

This is a major benefit for you and greatly increases your potential total compensation, if housing costs are kept at a reasonable amount, when compared to a permanent job, where all your income is taxed. This is the main reason why “take-home” pay (otherwise known as your after-tax pay, the money that actually goes into your bank account) as a traveler is higher than pay in permanent jobs.

But, maintaining a proper tax home is a little more complicated than just saying you “have” a permanent residence.

The Basics of Maintaining a Tax Home

To be allowed to take the untaxed stipends, per IRS guidelines, you need to be able to demonstrate at least two of the following three criteria:

  1. You must maintain a place of permanent residence and pay expenses there (i.e. rent, own/mortgage, pay bills, pay taxes, etc.) while ALSO paying expenses at your travel location. This is called “duplicating expenses.”
  2. You must not abandon your tax home. Generally speaking, you should return there at least 30 days per year but these days don’t have to be consecutive.
  3. You must still conduct business in the area of your tax home. For example, you have a PRN job there or maintain some type of other business there.

The third criteria is a little vague, as some interpret “conducting business” as having bank accounts and credit cards, car registration and insurance, and voter registration associated with the tax home, not specifically working in the area.

Without meeting at least 2/3 of these requirements, you would be considered an “itinerant worker,” and all of your income will be taxed.

There is nothing wrong with having all of your income taxed, and you may still come out ahead this way as compared with a regular, permanent job. But, we like to keep as much of our money as possible, so qualifying for the tax free stipends is ideal provided that maintaining your tax home isn’t so expensive that it negates the benefit.

To find out more about tax homes and all things about travel taxes, we recommend you check out the website TravelTax.com/traveler.html. (Specifically, scroll down to the section “how to keep a tax home”). This is a wonderful website where we have all learned a significant amount over the years.

What Are Some Strategies to Keeping a Tax Home?

Of course if you already own a home/have a mortgage, or rent an apartment, these can be maintained as your tax home. But this method can be more costly and also more complicated since you may not have someone to look after your place while you’re away. You may be thinking you could rent out your house while you are gone, but this is not advisable unless you specifically state in the lease agreement that you would maintain at least one room in the house as your own and you stay in that room while in the area (at least 30 days per year as mentioned above).

Perhaps a better option is renting a room out from your parents or a friend, which in our opinion is great way to maintain your tax home. Go on Craigslist, see what a comparable room rents for, and pay your family/friend to rent the room in their house. It’s also recommended that you have a contract written and signed. They will have to claim it as income on their tax returns, but they can keep the extra income to help around the home. That is the simplest way, and that is what we have been doing since starting to travel. As mentioned by Joseph Smith at Travel Tax, you ideally would also want to work in this new area for a while before traveling in order to solidify this new area as your tax home.

A more unique strategy that Julia and I are considering doing next year is house hacking for our tax home. House hacking is simply performed by purchasing a multi-unit home (duplex, triplex, quadplex), and renting out the other units, while you live in one unit.  Your tenants can effectively pay your rent and pay down your mortgage at the same time, enabling you to live for free or dramatically reducing your housing costs. You can find more information on house hacking here.

Do you have a different creative way of keeping a tax home? Do you have questions about tax homes? Send us a message and we can chat!

The Ultimate Guide to Getting Started as a Travel Therapist

Written by Whitney Eakin, PT, DPT, ATC

Starting Your Travel Therapy Journey

If you are an experienced therapist, you’ve decided to take the leap from a permanent job to a travel job. If you’re a student or a new grad, you’ve determined if travel therapy is the right move for you. Now what?

READ OUR ULTIMATE GUIDE TO GETTING STARTED AS A TRAVEL THERAPIST:

Step 1: Research and find a great recruiter and travel company.

  • Read reviews online and ask around.
  • Reach out to us for our recruiter recommendations!
  • “Interview” a few recruiters, ask them these questions, and find out which ones you like.
  • Find out about the basics of the companies including benefits, reimbursements, and pay packages.
  • Work with 2-3 companies at a time to give yourself the most options for the best jobs.
  • Don’t be afraid to fill out necessary paperwork for a few companies once you’ve decided you like them. This does NOT lock you in to taking a contract with that company. They need this information to be able to submit you quickly to jobs when the time comes (which you definitely want them to be able to do)!

Step 2: Make sure you understand tax homes and have yours squared away.

  • Read our post on tax homes.
  • Don’t skimp on staying within legal guidelines, should you get audited by the IRS!
  • Check out Traveltax.com for the best tax info from tax professionals.

Step 3: Consider in what areas of the country and what settings you would like to work.

  • In many cases, you’ll have a lot of options, and should narrow down your search to a specific state or region, or narrow down by what setting you’d like to work in, or both.
  • Sometimes, you may not have as many options if you’re picky on both setting AND geographical region.
  • For some disciplines during certain times (currently, COTA’s and PTA’s), you may not have as many options across the US, so you’ll have to be less picky to have the best chances of finding a job.

Step 4: Think about how you’re going to tackle housing in each travel location.

Step 5: Consider how you’re going to handle insurance/benefits.

  • Do you need the company provided benefits?
  • Will you get personal insurance through the marketplace?
  • Do you already have benefits from a spouse?

Step 6: Figure out when you can start working.

  • Have an estimated start date in mind.
  • You’ll want to start contacting travel companies/recruiters at least 8 weeks in advance to get the process started with necessary paperwork, and then they can start your job search.

Step 7: Consider getting licensed up front in a couple states.

  • When it’s time to look for jobs, most positions will be “ASAP” start dates from the time you interview. So that normally means 4 weeks or less, which means under most circumstances you’re better off to have license in hand already.
  • Most often, there’s no time to wait for licensing; you’ll lose the job to someone already licensed.
  • Some jobs won’t even accept you for an interview if you’re not licensed in the state.
  • You’re better off to risk eating the cost of an extra license or two to go ahead and have them and make it easier when you’re on the hunt for a job than to risk missing a week or more of work from a delayed license. Your travel company should reimburse you for the cost of your license when you take a contract in that state. Then, you can try to use the other license(s) at a later time.

Step 8: Let your recruiter know about your preferences and start date, and have them start the search for your travel job!

  • Once you’ve done all the aforementioned preparations, it’s time to have them be on the hunt for the right job for you!
  • Keep in mind, many companies may have the same jobs. So it’s best to have them tell you about the potential job and ask you before they submit your profile for consideration. It’s best not to let more than one company submit you for the same job.
  • Weigh your options if you’re presented with a bunch of jobs, because once you’re submitted for a job, things move quickly. If they proceed with an interview, then they’ll want a decision within usually 24-48 hours. This means that you generally won’t have time to tell them to wait while you consider a different job. Choose wisely!

Step 9: Once your recruiter(s) have presented you with some good potential job options:

  • Do some research about the facility and the area.
  • Have a phone interview with the facility.
  • Get an idea of whether you’ll be able to find housing in the area.
  • If they offer you a job, look at the contract offered and consider the pay package, cancellation policy, start and end dates, reimbursements specified, and time off requests.
    • You’re welcome to contact us and we’ll review potential pay packages for you and look for red flags for free!
  • Decide whether to accept the job!

Step 10: Begin your travel therapy journey!

  • Once you have a signed contract, it’s time to start making plans to pack up, move to your assignment location, set up housing, and get ready to start your travel job!

Still have more questions about the process to becoming a traveling therapist? Send us a message and we’d be happy to help you!

Interview Tips for Travel Therapy Jobs

Written by Travis Kemper, PT, DPT

Interview with the Facility

After you’ve been submitted for a job by your travel company, the next step is normally a phone interview with the facility (usually the Director of Rehab).

Interviews for travel jobs are a little different than permanent job interviews in my experience.  I don’t recall having anyone ask me real interview questions yet, they just want ot get a feel for who you are and make sure you would make a welcome addition to the team.  They also generally want to know a little about your past experience and qualifications.

Rarely am I ever asked normal interview questions, apart from “tell me about yourself.” Always be ready for that one in any interview.

What to Ask the Interviewer

Just as in a permanent job, you need to do a thorough interview of the company to make sure they are a good fit for you. Thirteen weeks is a relatively short time period, although it can feel very long if the position is wrong for you. Below is a list of questions my fiancée and I use in interviews. Obviously we tailor these to the specific facility, and we always try to research the facility a little bit if possible so we can glean any information that may be readily available online.

  • What are the productivity standards? How are non-billable tasks accounted for?
  • How much time do I have for an eval? Treatment?
  • What type of training/orientation provided?
  • What is the average caseload? # evals, # treatments
    • Ramp up period? What does this look like?
  • How many hours per week? Overtime?
  • What is the schedule? Weekends?  Holidays?
  • What does the team look like? # therapists, assistants, aides?
    • How many of each will I be supervising?
  • What is the general patient population? (Ortho, neuro, post op, etc.)
  • What is the average length of stay?
  • What is the facility size/number of beds?
  • What EMR do you use?
    • Will I have my own computer or tablet?
    • Is documentation performed at point of service or is time allotted for documentation?
    • Will someone be able to train me on the documentation system?
  • What is the dress code?
  • What is the director/supervisor’s profession?
  • Is there any mentorship available?
  • What equipment is available at the facility for therapy?

This is hardly an exhaustive list and needs to be tailored to every interview and facility, but we keep this list with us for every interview and it serves us well for keeping our thoughts organized.

 

We hope this list is helpful as you prepare for your travel therapy job interview! If you have any questions for us, please feel free to send us a message!