January 2020 PULSE

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JANUARY 2020

A HAPPY NEW YEAR GIFT FOR ALL! 2020 is a Leap Year, which brings a unique set of circumstances for PTSMC; the additional day in February creates a calendar with 53 Wednesdays and, therefore, an additional payday in 2020! Interesting enough, this happens every eleven years.

employees. The financial impact would be over half a million dollars.

We then took that dollar amount and determined the impact on a clinic-by-clinic basis. We shared that number with the Partners and Directors individually, and then had the chance There were three options for us to consider when we realized to discuss it in a group setting with many of the Partners in this situation. attendance. It was an open forum where each had the opportunity to give their input, thoughts and feedback. In the 1. Take employees’ annual salary, and rather than dividing by end, ultimately, it was an easy – albeit expensive – 26, divide it by 27. This would reduce the bi-weekly pay and decision… ensure that at year end, the annual salary paid is accurate. As you may recall, at our Organization Inservice meetings in 2. Pay everyone an extra paycheck in 2020; more than was May, I talked about making a commitment to turning our paid in 2019 and more than will be paid 2021 because 2020 mission statement inward. This “problem” revealed itself, will have the additional pay period. instead, to be a great opportunity. For sure, the philosophy of “creating unmatched experiences and lifelong relationships” 3. Change the payroll schedule to a semi-monthly (2 times guided our decision to pay all PTSMC employees 27 times in per month) pay schedule. 2020, with no adjustments to account for the extra paycheck. In conducting our research, we asked similar organizations and colleagues outside of healthcare, were they dealing with the same issue? If so, what were they planning to do? Responses varied. Some were unaware and thanked us for the heads up, while many had decided to go with the first option – reducing the bi-weekly pay. One group we talked to actually changed to a semi-monthly pay period cycle so this would never again be an issue. What went into our decision making? Our first step was to assess the financial impact on PTSMC if we were to pay out the extra paycheck. Labor laws say we must pay the non-exempt hourly employees whatever hours they work. Therefore, by excluding non-exempt hourly employees, we calculated the extra paycheck for salaried

We value our people and what you all do every day to improve the quality of people’s lives. This anomaly of the calendar provided us an opportunity to show just how much we value you! I’ve always been proud to lead PTSMC, and I am proud of our leadership’s decision on this matter. It is my hope that each of you are grateful for that decision, and that you are looking forward to 2020 as much as I am! Celebrating 20 years in 2020, Alan

PTSMC’s 20th Anniversary SPecial insert! PTSMC is celebrating our 20th anniversary in 2020! Each month, we will have an insert in the PULSE about our 20th anniversary. This month, we list clinics that opened in January and share a blast from the past about what life was like in January 2020! Each month, we will also share what our 20th Anniversary Spirit Day will be! On the 20th of each month, we will all follow the theme of the spirit day and encourage patients to as well. Be sure to check out what January’s theme is in the PULSE. If you have any ideas about ways to celebrate our 20th anniversary, please email Sandy at Sandy.Mason@ptsmc.com.

IN THIS ISSUE

Clinician’s Corner by Kevin Connellan Food for Thought on Trigger Points 2020 Courses Money Beat by Jim Hungerford New Year’s Financial Resolutions: Get Your Finances in Shape in 2020 HR Buzz 2020 PTSMC Holidays Physical Therapist Continuing Education Hours 2020 Three Payrolls Months and 27 Pay Periods 2019 W2’s Holiday Time Off Policy Reminder Open Enrollment Dates Update your Information 2020 Mileage Rate Wellness Program #GetMoving Holiday Edition Recap Lifebeat - Holiday Cheer FLAG - Get Your Health Back on Track

20 Years in Review

PTSMC has been busy the last two decades! Here are some impressive stats to show how many people we’ve helped over 20 years!


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