Key Person Career Track

What is a Key Person?

Career_Track A Key Person is a practicing therapist who is a director of a Therapeutic Associates clinic. A Key Person’s primary responsibility is patient care, but he/she also manages the daily operations of the practice location. Key People are granted a percentage of their clinic’s net profits.

Who Can Become a Key Person?

Traditionally a Key Person has been a Therapeutic Associates staff therapist who has demonstrated strong clinical abilities and management potential and has identified an interest in taking on a leadership role. Occasionally we find highly qualified therapists from outside our organization who demonstrate the skills and potential that we seek in a Key Person.

How Can I Become a Key Person?

Once a potential expansion opportunity has been identified, a review and selection process is initiated to place the right therapist in the new site as the director. A list of potential Key People is maintained within the company and is periodically updated and reviewed so the company may act quickly and efficiently when a new opportunity has been identified. Potential Key People are required to complete our Leadership Development Training Program. This program is comprised of seminars that help therapists cultivate business and Leadership Development Training Program leadership skills in areas such as time management, human resources, and marketing and finance among others.

What Responsibilities Do Key People Have?

Key_People_Header Ultimately Key People must create a successful practice by managing all aspects of clinical care delivery, revenues, and expenses. A Key Person is responsible for all aspects of the practice that any sole owner of an independent therapy clinic would be responsible for, with the exception of the financial risk or debt incurred in starting a new practice. Our company has over 50 years of history, dozens of long-tenured shareholders and other peer mentors, and an administrative team of experts that help all of our practices achieve success.

How long until I become a Key Person? Become a Shareholder?

The Key Person track is an individual one, and opening a new practice relies on the combination of the right person, right place, and right time. While every track is different, we typically say that it takes 3-5 years from start of employment with TAI to have the opportunity to move into a Key Person role. The time that it takes for a Key Person to be offered a position as a shareholder in Therapeutic Associates is strictly determined by the success their practice experiences. Key Persons have achieved the opportunity to become a shareholder in as little as three years, but most Key Persons have averaged between 5-7 years to earn a shareholder opportunity.

What is a Shareholder?

A shareholder has ownership in the overall company and participates in the financial risk and rewards of the company as it expands through new endeavors. Shareholders are awarded a higher percentage of net profits from their own practice and are granted a percentage of annual total company net profits. Shareholders also retain voting privileges that enable them to actively participate in the leadership and governance of the company.

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