service fees
Answered
Hi everyone. I am struggling with what to put for my service fees as insurance will largely determine what I get paid so it will greatly differ between clients including those that are self-pay. I was advised by someone I know to just put the highest rate that the top paying insurance company is paying, but that doesn't sounds right to me. Any thoughts?
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Hi Kristin, the amount of money an insurance payer is willing to reimburse you for your services depends on several factors. However, this is something you'll negotiate during your credentialing process with each insurance payer individually. I'd recommend assessing what your private pay rates will be independently of your contracted rate. You'll always bill all insurance payers at your private pay rate, so it must be higher than your contracted rates. The insurance payer will then write-off the difference between your contracted rate and your private pay rate. We've written a report on average private pay rates for commonly billed behavioral health service codes here: https://www.simplepractice.com/blog/median-therapy-session-rates-by-state-and-city-cpt-codes/ !
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Hi Kailey, not at this moment we don't, but I'd recommend perusing through Adrien Paczosa's "How to: Private Practice" video series. She's a long-time SimplePractice customer, who's a Registered Dietitian. Several of her videos address the financial aspects of running a Private Practice as a Dietitian. Hope that helps!
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My mistake! I thought I'd linked it before, here it is: https://www.simplepractice.com/how-to-private-practice/ !
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