Early in my career if I shared my dream of starting a private therapy practice, naysayers would often point out that my overhead would be too high. Here are some common fears around private practice overhead costs and what to realistically expect.

Hiring a tax preparer is very important if you are a new business owner. Here you will find a list of things to consider and important documents to gather as you prepare to do your taxes this year.

The first time you consider tax write offs and deductions, it can be overwhelming. Here you will find a comprehensive list of all possible deductions as a private practice therapist.

Understanding health insurance is extremely important if you plan to run your own private practice. It’s two fold: you will be working with health insurance companies to get paid; and you need to be sure that you personally are covered with health insurance.

You may have a client that you have worked with in the past, that would like to rekindle the therapeutic relationship. But what can be done if you don’t have a contract with their insurance company? Three words: Single Case Agreement.

One cannot live off of copays alone. To get paid by insurance companies, you will need to apply for a credentialing contact.

Getting credentialed within an insurance company is necessary if you plan to see patients who plan to pay with their health insurance. It is important to be aware that not all credentialing is the same, and how you get credentialed will matter in the long run. 

Once you have completed the necessary first steps of starting your business, the next step is creating your CAQH profile.

Everything will begin to feel real when you set up your contact information and find an office space that reflects you as a clinician.

First off, it is all about the numbers. This is the first step and must be completed as soon as possible.