Yellow Chair Counseling presents The Nuts and Bolts of Starting a Private Practice. This workshop is specifically geared towards therapists looking to start a private practice who haven’t quite quit their day job just yet and are not sure where to start. Our goal is to illuminate the blind spots to help therapists make an informed and successful transition into private practice.
This workshop is capped at eight participants.
Cost: $225
Email denise@yellowchaircounseling.com for the link to reserve your spot at the next training.
This 3-hour workshop will cover 3 main areas:
Business Basics
All the tiny little things you need to be legit (LLC, Sole Prop, or S-Corp?)
A streamlined path for setting up your business
Money Handling
Getting set up with insurance companies (CAQH, NPI, etc)
Choosing a CPA and bookkeeping method
Setting your rates
*You will leave this workshop with over fifteen handouts including:
*A checklist of what you need to set up your business
*A flow chart of what to do when
*Questions to help you find the right CPA
*Tools to help you set your rate
*A guide for your brand
Denise Baxindine, LCSW + Arielle Frank, LCSW: Denise and Arielle quit their agency jobs and started Yellow Chair Counseling together in 2016. This training is everything they wish they'd had when they took the leap into private practice, organized into a succinct step-by-step guide. This training represents the synthesis of their interviews with many private practice owners and their own best practices after a very successful first year of business.
This training may be a good fit for you if you are wanting to take the plunge into private practice, but feel overwhelmed by some of the practical aspects of starting a business. This training answers questions such as:
GETTING STARTED
*Where do I start?
*In what order should I proceed?
*What do the acronyms NPI, EIN, EHR, CAQH, CPT stand for?
MONEY
*How much should I expect to spend in start up expenses?
*What are average monthly expenses for running a private practice?
*How much can I expect to make in private practice?
*What taxes/forms am I responsible for, when are they due, and how/where do I pay them?
BUSINESS FORMATION
*How do I form a business?
*What are the different types of business formations, and what are the benefits of each?
GETTING ON INSURANCE PANELS
*What are the pros and cons to accepting health insurance?
*What's does the credentialing process entail for getting on health insurance panels?
*And more!
“Security is mostly a superstition. Life is either a daring adventure or nothing.”
-Helen Keller
We are capping this training at eight participants.