Private Practice Fees and Sustainability: Your Questions Answered
With all the discussions around fee-setting, it’s not always easy to decide what’s the right choice for you. Not just from an ethical perspective, but from a feeling of My mind and body are letting me know this decision around fees makes sense.
In this episode of Starting a Private Practice, Kelly Higdon and Miranda Palmer answer some of the most common questions around setting fees as a private practice owner.
Questions covered include how to navigate the disconnect between what the math is saying and your concerns around charging a higher fee, financial accessibility for clients, insurance reimbursements, planning for retirement through savings, and raising your fees when you already have an existing caseload of clients in your practice.
P.S. Want us to take a deeper look at your private practice finances and session fees? You’re invited to check out our lifetime Business School for Therapists today!
Resources Discussed
I figured out my fee based on the math you provided, and your calculator says I should charge a LOT more than my clinical supervisor or anyone else I know. This fee feels way too high for me, and I don’t think I can actually charge this to clients. What should I do?
What if my fee isn’t accessible? I want to offer accessible services to clients.
A potential dealbreaker for deciding whether to start your own nonprofit organization.
What if I calculated my fee and realized that insurance reimbursement rates are really low and won’t meet my needs?
Do I really need to plan for retirement when I’m just starting out in private practice?
I already started my private practice and booked some clients, but now I realized that I’m not charging enough. When do I raise the fee? How do I do it? And how often can I adjust it?
