Are you a therapist who's ready to get your practice off the ground and running, but need a little more info? Take time to learn the ropes of starting a private practice with our 6-hour Academy Introductory-level course, where we'll cover everything from choosing a practice name to credentialing and billing insurance to setting your rate and marketing.
Taught by Ready, Set, Treat!, LLC founders Kristen Goodrich, OTR/L and Susie Curtis, LCMHC, and is a Distance Learning/Independent (asynchronous) course consisting of a combination of a course recording, visuals, and handouts as described below.
In addition to our recorded course and Ready, Set, Treat! Checklist, you'll receive the following resources to keep you on track and help you save valuable time:
A customizable Client Intake Template, so you know exactly what to ask during that first phone call!
Our Insurance Benefits Verification Form, so you know exactly what to ask when you call an insurance rep
Our New Client Welcome Letter Template, to help you reach out to newly established clients and welcome them to your practice
Our Screening Consent Form Template, so you can quickly customize to your needs and hit the ground running!
Our famous Very Important Numbers Infographic, to help you better understand the difference between an NPI1 and an NPI2, EIN and TIN, and Group vs Individual Medicaid numbers
Following the successful completion of this course, the following learning outcomes will be achieved and assessed: Identifying whether private practie is a good fit for you, choosing your private practice model, and understanding key components and regulations required in order to start your practice.
We'll follow an outline spanning 6 hours, and will cover all of the information listed in our Ready, Set, Treat Phases as outlined below:
Phase 1:
-Choose a practice name
-Register name with your state
-Create a logo
-Find rental space (if not home-based)
-Decorate rental space (within a budget)
-Apply for an Employer Identification Number
-Apply for an Individual NPI/Group NPI
-Purchase Liability Insurance
-Decide on a phone/fax service
-Create an email account
-Purchase a website domain
-Create a landing page website
-Order business cards
-Open a small business bank account
-Create a credit card processing account
Phase 2:
-Choose an EMR/Billing software
-Learn the CMS1500 paper claim form
-Apply for a Medicaid number
-Register with CAQH
-Choosing Insurance Panels
-Credentialing Process
-Credentialing waiting game
-Compile HIPAA-compliant intake paperwork
-Decide on your private pay rate/fee schedule
Phase 3:
-Marketing Services
-Mailing Lists
-Referral Forms/Pads
-Send out marketing mailing
-Screenings
-Guest Speaking
-Business Card Marking
-Open Houses
-Word of Mouth and Social Capital
-Calculate your Sweet Spot
-Fill out Electronic Fund Transfer (EFT)
-Book your first client!
-Slowly start building your caseload
-Write SOAP notes and submit claims using EMR
-Wait for the money to roll in!
-Practice Self-Care
-Rectify EOBs
-Sit back, relax, and enjoy being your own boss!
Questions? Reach out to us here!
