Finances

An owner’s attention to an organization’s finances does not signify greed. It signifies wisdom. Wise owner’s know that robust finances allow the organization to accomplish it’s mission, weather it’s crises, and grow. Most therapists are not financially oriented or driven by money. Yet we do need to be attentive enough to guide the organization forward and avoid the dangers of financial crises.

Therapist pay in private practice

In private practice, therapist pay is rarely based on a salary. Rather all private practices sell a service, usually psychotherapy or psych testing, to the public and collect payment for […]

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Independent Contracting vs Employing

According to the Internal Revenue Service there are only two employment types, independent contractors (1099-employees) and regular employees (W-2 employees). This legal relationship determines how taxes are handled and who […]

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Why join insurance panels

Should I become a provider on all the insurance panels in my area? One can find many practice management consultants promoting the “cash only” model of outpatient psychotherapy. There are […]

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