Benefits of the Group Practice Model
There are several models open to therapists to use when establishing themselves in private practice.
They all work well to some degree depending upon the personalities involved, and they all have associated pros and cons.
In today’s article we are going to look at the benefits of the Group Practice Model to determine if it is right for you.
If you are considering starting your own private practice or joining one based on the Group Model you may find the following points useful in determining your decision.
Each Therapist Leases a Premise
In the Group Model each therapists leases their office space from an identified owner of the business. This person is acts for all intents and purposes as their “landlord”.
This person has established how they want the practice to be run, and would have the rules and boundaries set in place.
The “landlord” is the go-to person when it comes to solving disputes between therapists and staff. They are also responsible for many of the outgoing costs.
The Benefits of the Group Practice Model?
The amount each clinician gets paid a set at an agreed monthly wage. Obviously, this has to cover each therapist’s personal and professional outgoings, but at least they know what they are getting.
This differs from the percentage or hourly model where therapists are paid on volumes, but does guarantee a regular wage.
Claims and Resolutions
In the Group Model each therapists is responsible for their own claims resolution, marketing, and practice management.
This means they have full autonomy and are not reliant on office staff that may or may not be as aggressive in claims resolutions or practice management as clinicians might like them to be.