Special Episode: Modern Therapist’s Consumer Guide on Thrizer

Special Episode: Modern Therapist’s Consumer Guide on Thrizer

Curt and Katie talk with Raunak Sharma, owner of Thrizer, a modern payment processing app for private pay therapists. Thrizer is a modern payments solution built for therapists. You can charge clients securely, receive payments seamlessly, and enable insurance reimbursements automatically. We chat with Raunak about Thrizer as well as his perspective on the finances of therapy, specifically out of network billing. We explore the challenges (and ineffectiveness) of super bills as well as a new solution (ThrizerPlus) that will help clients only pay what they owe.

This is the Modern Therapist Consumer Guide, a series of special episodes to help modern therapists navigate products and services specifically designed for therapists and their clients. We dig deeply into the companies, the people, and the products and services so you can make smart decisions in building your practice and serving your clients.

Transcripts will be available on mtsgpodcast.com.

Interview with Raunak Sharma, Founder and CEO of Thrizer

Raunak is the Founder and CEO of Thrizer, a payments app for private pay therapists. A therapy-goer himself, he got tired of the struggle to leverage his out-of-network benefits and get reimbursed for his sessions, and wanted to build a solution to help both therapists and their clients. Thousands of therapists now use Thrizer daily to securely charge for appointments and upgrade their client experience.

In this podcast episode we talk about out of network billing and payment processing with Thrizer

Interview with Raunak Sharma, Thrizer

2:04 How did you decide to create Thrizer? How did you put together the business?

3:08 What are the values that guide your business and business decisions?

4:51 When therapists are putting together their private pay practice, what should they consider when designing their financial systems? (i.e., Private pay, Insurance-based, Out of network billing)

8:14 What does out of network billing involve?

10:34 What does out of network billing look like when using Thrizer?

12:59 What kind of out of network rates are people getting?

15:33 How often are clients wanting and able to use their out of network benefits?

18:49 How does Thrizer work?

21:22 How do you actually have enough information to create a claim?

24:22 How can you make a profit if you are only charging the 3% processing fee?

26:40 What is ThrizerPlus?

31:21 What makes Thrizer different than other payment processors and/or other out of network billers?

32:40 What’s still a work in progress at Thrizer?

34:04 Special offer from Thrizer for our Modern Therapist audience

Curt and Katie Chat – Our review of Thrizer

36:19 What do you see as the deciding factors when deciding whether to use Thrizer for payment processing and out of network billing (or not)?

A Special Offer for the listeners of Modern Therapist’s Survival Guide podcast from Thrizer

Go to bit.ly/moderntherapists and use the code MODERNTHERAPISTS for free payment processing on your first $2,500 of payments.

Relevant Links:

Thrizer Website

Email: Raunak at thrizer.com

Social Media:

Thrizer on Instagram

Thrizer on Facebook

Thrizer on LinkedIn

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Credits:

Voice Over by DW McCann https://www.facebook.com/McCannDW/

Music by Crystal Grooms Mangano http://www.crystalmangano.com/