Earn More Revenue For Your Practice With Private Pay Clients
Are you interested in getting more private pay clients for your therapy practice?
Glad you’re here. That’s exactly what we’re discussing in this post.
One of the best ways to grow your private therapy practice and create a lifestyle that you love is through accepting private pay clients. We’ve discussed the virtues of the private pay model before and, if you need a primer, be sure to check out this post:Read More
Should You Accept Private Pay or Insurance
Before you hang your shingle as a private therapy practice, one of the first questions you’ll need to ask and answer is this one: Should I go with insurance or a self-pay model?
Even after you’ve been in practice for a while, you may find yourself revisiting this question as insurance rates or even local demographics change. For example, if a large employer in your area closes down, it can negatively affect how many people have access to insurance and therefore, your insurance-based private practice. It would make better sense to set up a self-pay strategy so that you’re able to anticipate and accommodate cash paying clients.
But on the positive side of that example, a large employer can decide to move to your area and set up shop. They’ll hire and provide insurance to a group of employees to whom you can market your private practice. In this case, it would be smart to accept insurance, specifically their insurance.
As you can see, there isn’t a one-size-fits-all payment model for private practice. In this post, we’ll tackle the top reasons to choose either self-pay or insurance for your private practice. Also remember that you’re free to do both, as well, however most practices lean more toward one or the other.Read More
9 Easy Ways to Build Trust with Your Clients
As a therapist, it’s practically part of your job description to build trust with your client. How else will they open up to you if they don’t trust you?
The good news is, you can develop trust with your client from their very first encounter with your practice, even before. Below, let’s discuss the top nine strategies for inspiring confidence in your private therapy practice.Read More
Should You Hire a Virtual Assistant
Things are starting to pick up speed. It was slow going at first. It took you a while to build your private therapy practice, but now you can finally see the fruit of your labor. You’re booking clients, bringing in more revenue, and making your mother proud.
The only problem is you can’t keep up with the rate of your growth. There are more calls coming in than one person can handle. You can’t do callbacks while doing sessions while doing bookkeeping.
Success is a happy problem to have, but you should address its associated problems sooner rather than later.
If the above sounds like you, or if you just feel like you’re always behind in the day-to-day functions of your private practice, this is the post for you. Below, we’re going to discuss why a virtual assistant may be the solution to your business dilemma.Read More
Tips to Finance Your Private Therapy Practice
It’s one of those questions that keep you up at night:
How do I finance my private therapy practice?
Whether you’ve been in business for years, or you’re just starting out and excited about hanging your shingle, finances will always be among your top concerns.
Let’s take a look at how you can raise funds to start a practice or to keep your practice afloat in lean times.Read More
Should You Select a Niche for Your Private Therapy Practice?
You started your private therapy practice to serve everyone, but by doing so, you could be spreading yourself way too thin. You’ll spend your time offering services that you’re really not passionate about.
Instead of working as a generalist, you can become a specialist and establish authority as an expert in your field. Below, we’ll discuss why it’s a good reason to niche your private therapy practice, and how to do it successfully.Read More
How to Hire the Best Private Practice Employees
The right people can make or break your private therapy practice.
It’s customer service, not price, that determines whether or not you’ll get repeat business. You may offer the best prices and have a killer marketing campaign that brings in scores of new clients, but without friendly, competent, and invested people on your staff, you’ll always be at square one… maybe even worse.
The good news is the right people are right around the corner. Let’s discuss how to find qualified, dedicated people who will benefit your private therapy practice.Read More
Does Your Practice Need a Checkup
What’s the financial health of your private practice?
Are you making money or losing it?
What expenses can you cut?
Is there any wiggle room in your budget to make new purchases?
If you’re not immediately ready with the answer to the above questions, you’ve come to the right post.
Right up there with offering incredible service and building loyalty with clients is knowing how much money you’re making or losing at any given time.
It’s not enough to know what your private practice made last year. You must know what it made last month, too. Armed with updated information about your finances, you can make changes that will positively affect your operating expense ratio.
Performing a financial checkup on your private practice may not be the most exciting thing you’ll do this week, but it will be one of the most essential. Right now, you probably dread the idea of taking a magnifying glass to your finances because you’re not sure where to start. Today, let’s change that. We’ll start at the beginning, detailing what you need to do immediately to ensure solvency.
Excited? Let’s do this!Read More
How to Market Your Therapy Services to Your Community
Marketing to your local community takes a multi-pronged approach. Recently, we discussed cheap and effective ways to market your private practice online. In this post, we’ll tackle offline strategies to reach your clients, too.Read More