Does TWS make a lot of money on certification?
No. TWS does not obtain a lot of revenue from its certification program; in fact, it barely breaks even. Over 32 years, TWS has netted a total of $51,132 from its certification program, for an average income of around $1,600 per year or $133 per month. In some years costs have exceeded revenues. Major programmatic costs include insurance, phone charges, IT services, postage, printing, document copying, salary for a staff Certification Program Manager, and travel expenses for Certification Review Board members to attend annual and mid-year meetings. From a purely business perspective, the certification program is not designed to be a big money maker. It’s a service to our members and the public.
Related Questions
- National Board certification has a $2300 fee attached to it and grant money to support successful candidates. Will the Master Educator (Wisconsin process) have similar costs and monies to support candidates?
- How will Practice Fusion be approaching EHR certification and the billions of dollars in EHR stimulus money?
- Does TWS make a lot of money on certification?
