16: Accepting Insurances: How to Have a Successful Speech Therapy Private Practice

Many people contact me and ask this question, “How do I start a speech therapy private practice and just take cash and not deal with insurances and minimize headaches”?

There isn’t an easy answer to this question, because with the increase of consumers forced to have insurance coverage, people want value. Patients want to use their insurances to cover medical services, and that includes therapy services.

I truly believe as clinicians and business owners, we owe it to our patients to accommodate everyone. That is why I choose to take cash, insurances, Medicare and Medicaid as forms of payment in our clinic

In this episode, I talk about this and other aspects of the cash-versus-insurance topic.

             Television Advertising Still Works Today

In this episode:

01:08 – Over 4817 listeners from various parts of the world

01:52 – The Perfect Student

02:35 – Question from Andrew

04:32 – Survey in your area for Pricing

06:33 – Multiple payer source

07:22 – Insurance is not always a headache

08:54 – Old school tactics

10:16 – Biggest marketing secret

11:49 – Membership section of privateslp.com

You just turned an Insurance client into a cash pay patient, so that’s another way to think about it. Why settle for only forty-five dollars a visit when you might get a higher rate of reimbursement.

[Commercial]

Well, Hello everyone! You’re listening to the Speech therapy Private practice Startup Podcast; this is episode number 16. My name is Kyle Meades and I’m a speech pathologist since 1993 and these podcasts are designed to help you improve your business and your life one podcast at a time.

Welcome back to the show and I want to say Thank you for listening. Thanks for all your emails, thanks for the feedback on iTunes I really appreciate it. And as of today, August the 6th 2016, we have over 4817 listeners from various parts of the world, like United States, Australia, United Kingdom, Canada, India, Israel, Philippines, Turkey, Singapore, we have people listening from all over the World. Its really nice to have all you guys listening and if you wouldn’t mind, jump in and chime in, go to Privateslp.com and at the bottom of each podcast post you’ll see a place for comments. I really appreciate you guys leaving comments and if you don’t mind leave some comments down there. Chime in, start telling me what you’re thinking so I can drive and steer this podcast to what you want to hear.

And also too if you’re interested in working with me, please send me an email [email protected]. Please put THE PERFECT STUDENT in the Subject line and tell me a little bit about yourself. Go in the detail and let me if you’re just starting out or if you’ve been working on your private practice for sometime, if you’re so practitioner, if you have employees, let me know some information about you so that I can help you better.

Right now I do have a waiting list but I am accepting people. Just again, please give me as much information as possible and make sure you put a valid email address in there because likely I do email people back and their email are bounced for whatever reason and I just c...