fee splitting

[PSYD2024]

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Early Career Psych here...is a 60/40 split a good option working in private practice? 60 would go to me and 40 to the practice. Anywhere from $200-260/session.

 

[Sanman]

I would call 60/40 is average. 70/30 would generally be good and 50/50 or below bad. The question here will be how busy can they keep you, how restrictive is the non-compete, and are there any benefits other than split (cover Mal practice Insurance? CEUs?)

 

[AcronymAllergy]

I would call 60/40 is average. 70/30 would generally be good and 50/50 or below bad. The question here will be how busy can they keep you, how restrictive is the non-compete, and are there any benefits other than split (cover Mal practice Insurance? CEUs?)

Agreed, 60/40 is pretty typical from what I've seen, but a lot of it depends on what support and benefits they're providing.

 

[WisNeuro]

Just a quick point of clarification, "fee splitting" is a distinct term legally. Pretty much when someone refers a patient and receives compensation due to that referral. Different than one's percentage of revenue for management.

 

[PsyDr]

Fee splitting is also a felony.

 

[Therapist4Chnge]

Definitely don’t call it fee splitting bc that’s an easy way to crime, and even easier to prove when you write it down in an email and/or contract.

 

[Doctor Eliza]

Is this a cash practice or insurance?