How to Take a Vacation as a Private Practice Owner
What’s the greatest benefit to being in business for yourself?
If you answered “freedom”, you’re absolutely right. But here’s the irony: When it comes time to take a vacation, you feel anything but free. How will you handle your weekly client load when you go on vacation? Who will answer calls, schedule incoming appointment requests, and handle invoices? How long should you go on vacation? Can you afford to go on vacation?
It’s enough to make you wonder if you should even take a vacation.Read More
Should You Accept Gifts from Your Clients?
As a therapist, you have your share of ethical dilemmas to weed through. And with the holidays on your heels, you’re probably staring one dilemma in the face right now: should you accept client gifts?
Unfortunately, there isn’t a quick and easy answer to this question. The answer exists in the ethical gray area and must be considered on a case-by-case basis.
The good news is that we can shine some light on the issue. In this post, we’ll discuss what’s appropriate and ethical. Let’s get started.Read More
How to Diversify Your Income as a Therapist
Are all of your eggs in one basket?
As a therapist working in private practice, you’re very aware of the ups and downs of self-employment. Sometimes, the stars align, and you have a steady stream of clients. Other times, there’s a tumbleweed blowing through your office.
And for those of you who have more clients than you know what to do with, you’re facing another problem: there’s only one you and you’re pushed to the limit and out of time. You’ve been working overtime with one on one client sessions and you’re burned out. But, decreasing your hours will mean less money in the bank, affecting your retirement and your peace of mind.
So, what should you do? Diversify, of course. Not sure how?Read More
4 Ways To Get Found Online Without Increasing Your Advertising Budget
Marketing your private practice can be confusing but it doesn’t have to be. In this free webinar, we’ll share 4 actionable tips to grow your business without spending a dollar.
What you’ll learn in this webinar:
- Importance of an email list and how to start/grow one
- Why you need a social media presence and how to approach it
- Don’t overlook directories especially review sites
- Online forums and communities
- Learn what SEO is and how to take advantage of it in your practice
Avoid Therapist Burnout by Recognizing the Signs
Are you burned out?
As a therapist, you’ve devoted your life to the service of others. You are committed to helping others have a healthy and successful life, but what about yourself?
As they say, you can’t pour from an empty cup. Sometimes, you give so much of yourself that there’s nothing left to give.
If you’re running on empty (or getting close), here are a few tips to help you fill back up:Read More
How to Handle No Shows and Cancellations
In a client-centric profession like therapy, no shows and cancellations can dramatically affect your bottom line. You probably only schedule a few appointments each day, so when one of those appointments cancels or doesn’t show up, it can be hard to recover financially. Each missed appointment can represent $100 or more in lost revenue. Multiply that by how many appointments you miss each month, and it could be in the thousands.
Let’s talk about how to minimize cancellations and no shows by implementing a policy and a set of procedures.Read More
Go Paperless in Your Therapy Practice
Dreaded paperwork. It’s one of the guaranteed hassles of private practice. Looming behind the reception desk of many private practices is a humongous wall of paperwork that could rival the Great Wall of China. Whether it’s health records, miscellaneous client files, insurance bills, payment receipts, procedurals, marketing flyers, or all of the above, you’re starting to feel boxed in and intimidated by all of your paperwork.
How can one practice produce so much paperwork?
If you’re starting to develop papyrophobia or the fear of paper, you’ve come to the right place.Read More
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