![]() When starting out, it’s important to write down your the most common business expenses. This document allows someone to pay for services if they are not the one directly receiving services. This document allows a client or client’s guardian to give the clinician permission to coordinate care with other providers while following HIPPA compliance. This paperwork provides basic information about the client’s background that could be helpful in getting a general view of their life story and can help a clinician create a treatment plan. This paperwork discloses policies on video recording, mandated reporting, and how clients can file a grievance if the client and counselor cannot come to an agreement. This paperwork outlines how long you keep medical records how you dispose of them and any recorded communications. This paperwork outlines the privacy practices and policies for treatment. Here are the top 6 essential client paperwork your counseling practice needs: 1. You can’t have a counseling practice without paperwork clients will need to fill out. You’ll need an EIN to open up a business bank accounts. An EIN is an “employee identification number.” Think of is like like a social security number for your business. ![]() Here’s a Swyftfilings walkthrough video of setting one up using ģ. I’ve used to incorporate a few of my businesses and for some counseling practices. Using Legal Zoom or Swyftfilings can save you a lot of time and money. (HINT: some accounting firms will do this for you for free if you already have them do your taxes).Ģ. ![]() You’ll probably pay anywhere from $500-$1500. Many lawyers can help you do this (and so can a lot of accounting firms). Here are a few ways you can incorporate your counseling practice:ġ. If you’re looking to have 100% ownership, incorporating is easy. I’m not a lawyer, so please consult with a lawyer or accountant. If you’re looking to start a private practice with a partner, then my advice is to consult with a lawyer to draw up the paperwork.īut, to make sure your practice is legal and protected (so that your personal assets are separated from your business assests), you’ll need a PLLC or an S-Corp of some type. It will provide protection for you and has built in tax advantages. If you want to start a business, you need to incorporate it. You can also check out our salary guide for therapists and counselors to get more ideas. Will it be 100% private pay? A hybrid? Or 100% insurance?īut, don’t fret about it too much. ![]() Here’s your homework: make an initial decision on how you’ll structure your counseling practice. Imagine the ability to see fewer clients per week, but still make the same amount of income? That’s the potential of private pay. This will allow you to be more in control of your business. No one is determining how much your services are worth. If you plan for your counseling practice to be 90% insurance-based, then the only way to scale your business is to hire more clinicians to see more clients.īut, if you’re private pay, you’ll have the ability to raise and lower your fees at will. While paneling with insurance companies may help grow your caseload, your earning potential, however, is capped because you have a limited amount of time to see clients. When your primary revenue model is insurance reimbursements, the only lever you can pull to grow revenue is “see more clients.” When you’re growing a counseling business, well, any business, you typically have two “levers” you can pull to generate more revenue. ![]()
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