The Psychotherapist Success Guide: Creating a Principled, Profitable, Paperless Practice by Hoyt Denise & Whitehead Bill

Author:Hoyt, Denise & Whitehead, Bill [Hoyt, Denise]
Language: eng
Format: epub
Publisher: Psych Select Software LLC
Published: 2020-06-27T16:00:00+00:00

Revisit the websites of other therapists. This time, do so with the intention of reading their policies and procedures regarding payment, cancellations, and other patient information. This can give insight into how you want your own policies to be laid out, without having to “reinvent the wheel.”

II. Growing Your

Practice

Chapter 5

Should You Accept Insurance?

Educating yourself about the astonishingly intricate details of insurance is a grim necessity. In this chapter, we will examine running a business without taking insurance at all, i.e. offering your services on a “private pay” basis. We’ll explore how to go about getting accepted (“paneled”) by major insurance companies as a “preferred provider.” We will also discuss the advantages and disadvantages to offering a “sliding scale” (reduced fees for clients who can’t afford your full fee).

Even if you have a front office person or outside contractor who deals with insurance, it’s still important that you have a working understanding of the insurance process. We hope this information shines a much-needed light on a subject many therapists avoid. Please consider this chapter as providing important information, and only make your decision about insurance once you have digested the information we will give you.

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