Behind the Curtain: New Directions for my Practice
Now that I know I need to quickly generate multiple streams of income because my insurance reimbursements will soon be imploding, I reached out to a new business coach today (Yes, coaches have coaches. How else do you think I became so biz savvy?). My new coach isĀ not a therapist, but his wife is, [...]
Read more »Grow Your Private Practice: Work Smarter, Not Harder
Oh my. I heard from a colleague today that he sees 50 clients a week to make ends meet. Why? because his reimbursement rate from managed care has decreased over 25% in the last 20 years. When outside forces change their procedures or the amount they pay, you have two choices: 1. Accept what they [...]
Read more »Should You Add Coaching to Your Private Practice?
Lately we hear a great deal about personal coaching and there are a number of organizations set up to "certify" coaches. Recent numbers tell us that coaching is now a $1.5 billion (yes, with a 'b") industry. Yet less than 20% of coaches are from the mental health or medical fields. But what is coaching [...]
Read more »Do You have a J-O-B or a Thriving Business?
If you are a in private practice and make money solely by seeing clients you may be working in a job, not your own business. Why? Because you are working "hours for dollars." Confused? Let me explain. When we work on an hourly basis, seeing clients many hours a week and only getting paid for [...]
Read more »Are You an Entrepreneurial Psychologist?
What is an Entrepreneurial Psychologist? We are psychologists who see the possibilities in our professional knowledge and training to solve people's problems and make a good financial living at the same time. As psychologists we have so much to offer people to support and assist them in living whole,healthy lives. Our research and knowledge drive [...]
Read more »Psychologists: How to Turn Your Knowledge Into Multiple Streams of Income
As a psychologist we know a great deal about human behavior and how to help people who experience social, emotional and physical pain. This knowledge is valuable and needed. But one problem we have is we limit sharing this knowledge to our clients in our office, usually in a one-on-one therapy session. We know many people [...]
Read more »Multiple Streams of Income for Your Private Practice
Let's face facts: It is hard to make a living in private practice if all you do is see clients face-to-face and accept health insurance reimbursements. Yes, some psychotherapists have successful practices and do not take managed care, but most of these folks live in or near a city or other densely populated area. Or, [...]
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