How to Get Paid in Private Practice
Your private practice finances are a non-negotiable part of being a business owner. And at the same time, you don’t need to be stuck ruminating over the same money concerns forever.
In this episode of Starting a Private Practice, Kelly Higdon and Miranda Palmer talk about how to get paid as a therapist in private practice, covering both the do’s and the don’ts.
As a reminder, you want to build a business that’s a reflection of YOUR wants and needs, not anyone else’s. Sustainability looks different for everyone, and it’s okay if a successful practice means more (or even less) take-home, after-tax income.
P.S. Need more personalized support in figuring out your private practice finances? You’re invited to check out our lifetime Business School for Therapists today!
Resources Discussed
How therapists often start the money conversation from the perspective of how to get on insurance panels or what others are charging, and why this isn’t a good approach.
Cash-pay practices, insurance panels, and sliding scale fees.
The potential for major reimbursement differences for insurance panels.
What’s included in a sustainable private practice financial plan.
Our free, CE-eligible How to Set Fees in Private Practice training.
Factors you don’t see that influence what therapists are charging.
Gross income and how to calculate what’s financially sustainable for you.
