Private Pay vs. Insurance: Which Should You Accept?

Private Pay vs. Insurance: Which Should You Accept?

Should you take private pay or insurance for your private practice? There are pros and cons to each of these options!

In this episode of the Private Practice Success Stories podcast, I’m discussing the options and helping you decide which route to go.

I want you to know that there is no one way to do it, and you get to choose which one feels best for you and for your community. You can always start with private pay and then branch out into becoming an insurance provider later if you need to increase your volume of clients!

I’ve helped over 10,000 SLPs start, grow, and scale successful private practices using both private pay and insurance, so I am answering your questions about billing, how to decide which payer sources to accept, and more.

 

In Today’s Episode, We Discuss:

 

  • What I recommend to most SLPs
  • Deciding what your rate is with private pay
  • Which option allows you to start your private practice quicker
  • The pros and cons of payer sources
  • What a superbill is and how it works for practitioners and families

Getting paid in private practice is really important because the business needs money to support it, but remember, you get to decide which sources you accept and you can always change your mind later! 

In the Start Your Private Practice Program, we teach SLPs how to bill for private pay insurance, Medicare and Medicaid, and how to give superbills, so whichever route you choose, you will know exactly how to do it. 

If you want more information on how to start a private practice step by step, head over to www.independentclinician.com to sign up for one of my free trainings or one of my paid implementation programs!

Whether you want to start a private practice or grow your existing private practice, I can help you get the freedom, flexibility, fulfillment, and financial abundance that you deserve. Visit my website www.independentclinician.com to learn more.

 

Resources Mentioned: 

www.independentclinician.com

 

Where We Can Connect: 

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Private Practice Mini Course (2)

FREE RESOURCE

The Private Practice Mini Course

start your private practice logo
1

Start Your Private Practice is our beginner-level program that covers how to set your practice up on a solid legal foundation and build your initial caseload of paying private clients.

Grow your private practice logo
2 (1)

Grow Your Private Practice is our advanced program for SLPs and OTs with existing practices who want to #LevelUp and strategically grow their practices following a custom Private Practice Growth Plan to scale their income and impact.

Private Practice Mini Course (2)

FREE RESOURCE

The Private Practice Mini Course

start your private practice logo
1

Start Your Private Practice is our beginner-level program that covers how to set your practice up on a solid legal foundation and build your initial caseload of paying private clients.

Grow your private practice logo
2 (1)

Grow Your Private Practice is our advanced program for SLPs and OTs with existing practices who want to #LevelUp and strategically grow their practices following a custom Private Practice Growth Plan to scale their income and impact.