It depends. Private practice is not for everyone. One study showed the highest levels of satisfaction for private practice clinicians were in the areas of: professional independence, flexible hours, and level of success with clients (Walfish and O’Donnell, 2008). Another poll of private practice clinicians revealed the following (Barnett and Henshaw, 2003):
“Pros”: Being your own boss, Flexibility (location, hours, specialization), Unlimited earnings potential, Control over business decisions, Full responsibility of the success of one’s practice
“Cons”: Financial Uncertainty, Responsibility for all expenses and overhead, professional isolation (for solo practitioners), operations responsibility (billing, collections, insurance, employee decisions)
With Genesis Assist, we help take the burden off your shoulders. You can trust our billing, insurance, and client care experts to provide service and help you maximize your revenues.
Posted in: Start Your Practice