Starting Up: Everything you need to Start Your Private Practice in a Checklist
It can be one of the most daunting things of your life. Starting your own practice means not only that you gain freedom and independence, but that you take responsibility.
Responsibility to be a successful therapist and entrepreneur at the same time.
Feelings overwhelmed at first is normal. Not knowing where to start is normal. Looking for help is normal.
Everything you need to Start Your Private Practice: A Checklist
A Quick Overview
To give you a good overview of what you need to do when starting up a private practice, and to make you feel more secure, we have compiled the following checklist:
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Decide on a budget and how to finance it.
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Get Malpractice Insurance.
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Find tax and legal advisors to help you through the process.
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Secure yourself by becoming a business entity - PLC or LLC.
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Start the process of Insurance Panel Participation if you decide to accept insurance.
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Protect yourself from identity theft by obtaining an Employer Identification Number from the IRS.
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Understand local business licenses and fees - and obtain the necessary ones.
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Decide on a practice specialty - focus on which populations, disorders, treatments etc.?
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Find a location and pick a name for your practice.
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Develop the practice’s paperwork - e.g. intake form, consent form etc.
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Find the right software that supports your business and makes it more efficient.
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Purchase office equipment, communication lines and furnishings.
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Develop marketing materials - including online (website) and offline (business cards, letter heads)
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Get the word out - use flyers, press releases, introductions, social media campaigns and open house to let clients know you are now available for registration.
When it comes to getting your documentation right, don't leave it to just anyone. Make sure it is correct and legal: Call Therasoft today.
