Q: What is a bill rate? Are companies able to disclose this information?
Think of it as a pie. There are slices for everything including the traveler’s hourly wage, tax free housing stipend, food stipend, reimbursements, etc.
Rightfully so, the traveler gets the vast majority of the metaphorical pie.
Every facility pays a different bill rate and generally set it as a fixed rate in which there isn’t flexibility for negotiations.
Many travelers often ask what the agency’s portion is and if they can view the contract between the facility and travel company. Most companies cannot disclose the actual bill rate to travelers. Ultimately, the contract established between the facility and travel company is confidential. The business relationship between the two could be compromised if that information is given to anyone else. Facilities generally don’t want everyone to know what they pay for travelers.
So, how do you know if you are being treated fairly?
One of the most difficult things to do in life is to trust others. It’s so hard to believe in the goodness and integrity of people. It’s understandable. But, in travel healthcare, it is necessary to trust your recruiter/travel company.
An important fact to remember is that you are a team. You are in this together. It doesn’t behoove the travel company to give you less than what is possible. What goes around does in fact come around.
There are many companies that do business with integrity and good in their hearts.
What other questions do you have about travel? Comment below!