PrivateSLP

When you have a speech therapy private practice, you’ve got to have cash in the bank to operate appropriately.  Keep in mind, if you don’t have enough money to cover your expenses, then you’re really working for someone else, and that someone else is the bank.  In this episode, I discuss the basics of cash flow, AR and billing  for speech therapy private practice.

In this episode:

01:02 – + 11,866 listeners

02:58 – Importance of asking questions

04:31 – The Perfect Student

05:05 – Cash Flow: Billing and AR

07:28 – Closed internet communities

10:36 – Cash flow is money movement

13:25 – Importance of cash in the bank for operations

13:50 – More about 1099s + taxes

Anybody can bill, billing is the easiest thing in the world but it’s how you get that money it’s called AR. That’s when you get the money and follow up after you bill.

[Commercial]

Well, Hello everyone! You’re listening to the Speech therapy Private practice Startup Podcast; this is episode number 24. 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 everyone today is Tuesday morning, March 21st 2017 and as of today we have over 11,866 listeners to the show and its really nice to have you guys on-board and if you are new to the show Welcome. And thanks again for all the questions and comments. Keep them coming in. And I really appreciate it. Right now when you’re looking at the demographics of the show lets say from the worldview, you have the United States listening, UK, Australia, Canada, India, Japan, Singapore, Israel and the Philippines. Now when you breakdown the United States some of the Top states that are listening in is California, Texas, Arizona, New York and Florida. Then we’ve got Pennsylvania, Illinois, Georgia and Massachusetts. So it’s really cool to have you guys listening, and again if you are new Welcome to the show.

 

 

 

 

 

 

As always if you need some questions answered about your Private practice or if there is something you just want to talk to me about, go to www.privateslp.com/contact and there is a link to send an email to me. Also at the bottom of the page there is a little SpeakPipe application where you can send a voice message directly to me, nobody else would hear that. And right now its setup for it will come right to my Inbox. So if you want to ask a lengthy question and you just don’t want to type that out because I hate emails and I hate typing. A lot of time I just like to speak and let things get transcribed. So if that something you would like to do just go to the bottom of the Contact me page, there is a SpeakPipe application and you just hit Start recording, and you just say what you want to say or ask me your question. I’ll take that question out and answer for you.

I wanted to remind you guys this is a really need thing where you can ask questions and get the feedback that you are looking for when it comes to starting a Private practice, because when I was starting out my own business there wasn’t much out there we have some PDF files we had a few things on the internet about Speech therapy Private practice, but it was very rare. There were a lot of things like on Chiropractic and physical therapy, a couple of things on occupational therapy there were a few o...

Hiring your first (or 35th) employee is a big deal, and doing things the correctly is important.  In this episode, I run through some of the most important things to consider when hiring your employees.  I recently went through a audit at the State level for all of our employees, so I thought you might enjoy some of this information.

In this episode:

01:29 – + 10289 listeners

02:21 – Only one opportunity available for the “Perfect Student”

03:23 – Work with me

05:30 – More freedom

06:41 – Hard work and dedication

07:41 – Items for employee chart

08:10 – Witholding information

08:38 – A4 and State Taxes

09:38 – CV and Resume

09:43 – Letters of recommendation

11:06 – CPR card First Aid card

11:55 – Medicaid billing number

14:41 – Interested in a private membership community?

I went to visit my boss and she was saying “Hey remember when your last week here and you were just really nervous about breaking away from your job and going into Private Practice, and I told you could always have this job if you wanted” and I said “Yeah, I remember that, now we have 37 employees between 2 businesses, we see over 1600 patients per month and I don’t need that job anymore”. And it felt really good to say that because I think sometimes she would hint at me and said “You know you can always come back” and I would like “Nope I will never come back here again”. Not that it wasn’t a bad facility or anything, it’s just you know, when you make your mind up to do what you got to do.

Well, Hello everyone! You’re listening to the Speech therapy Private practice Startup Podcast; this is episode number 23. 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 everyone, today is Sunday February 12th 2017 and as of today we have over 10289 listeners to the show and I’m really blessed to have you guys on-board. Very grateful for all the questions and comments I get. And I am just so happy to know that you guys are out there getting valuable information and you’ve heard me say it before. Now say it again, value is what you get in the absence of money and these podcasts are free for you guys so if wouldn’t mind please do your part and go to iTunes and leave some good five star feedback so other like yourself can find the podcast easier. Again I would really appreciate if you go to iTunes, take some time and leave five star feedbacks for me. And that way that will allow other people to find the podcast easier and get the same valuable information that you’re getting.

Also I wanted to take this opportunity and let you know I still have one opportunity available for the Perfect student. Now the perfect student is where you pay a monthly subscription fee and have direct access to me for a minimum of six months. And that’s where you can come in and fly in and visit me at the clinic and spend at least four or five days hand in hand. It will go through all of the nuts and bolts of either outpatient clinic or a home health agency or...