The Incredible Nurse
Full Member
- Joined
- Dec 3, 2022
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So as I try to join the ranks of the great ones in this forum by following on their footsteps, I decided to start chronicling my journey to opening a cash based private practice.
Background:
Psychiatric Mental Health Nurse Practitioner. Licensed in Delaware, Florida and Ohio. I collaborate and work under the guidance and mentorship of a Board Certified Psychiatrist that I admire. He provides great supervision and counseling when needed.
Practice Basics:
After several months of inaction and back and forth trying to decide on what kind of practice I wanted to launch; I settled on a cash based outpatient private practice. I owe much gratitude to a member of this community to breaking the standstill I was stuck at. I finally decided to go cash pay instead of having to handle all the headaches that come with contracting with insurance. I will provide Super Bills for OON benefits for patients and once I start seeing some volume I will be utilizing Reimbursify to streamline this process for patients.
Pros of Cash Based Practice: As long as you are following best practice guidelines you are in the driver seat. No pesky insurance carriers dictating how to run your practice.
Cons of a Cash Based Practice: This usually comes at the detriment of slow building of patient panel. More marketing spend to attract clients, need to offer a superior service to flourish.
Type of Practice: Integrative Psychiatric Practice. Offering psychiatric evaluations, medication management, laboratory ordering and review (not just your basic labs but digging deeper to all things connected to mental health), psychotherapy, supplements and a big focus on nutritional psychiatry ( gut - brain connection). Offering longer than traditional appointment times to capture a good history and create an appropriate personalized plan of care.
Fees: $295 for Initial Psychiatric Evaluation (75 to 90 mins in length). $200 for follow up appointments.
Backend Set Up:
Website: Build my own website using Square Space and Chat GPT. I was able to achieve a basic above average typical website. See end result at www.atozpsychiatry.com ( I dont mind doxing myself as I have always been extremely cautious of my online presence and what I post). Domain was $12 for the 1st year and $20 for renewals. I also host the domain and website on square space which was about $20 per month, paid yearly and had a discount code so it was sub $200 for a year.
Email: I wanted professional email so I went with google workspace. For less than $10 a month you can have your own @yourpracticename email address. This gives you a more professional presence. You need to have a domain secured before creating this or need to register a new domain with Google when doing this. Verification is straightforward and the tutorials provided are easy to follow.
Phone and Fax: Spruce Health is unbeatable to create your digital communications platform. For $24 a month you can have a number that you can forward to your cell or your office manager cell. Keeping your personal information secure. Spruce also includes Fax and SMS communication. You can further customize automatic replies, create presets to send messages, etc.
Psychology Today: A must have in the mental health world. $30 a month to advertise your presence. Took me an evening to build up a decent profile.
Malpractice Insurance: I went with Berxi. They are backed by a big player in the insurance world so it should be safe long term. Paid about $760 for first year, I expect it to go to about $1600 on renewal.
EMR: Practice Q/ Intake Q is a great solution for medical records and practice management. Includes e-prescribe, customizable templates and much more that I need to discover yet. They have a low volume plan that cost $55 plus $65 for the e prescribe component. So about $115 monthly.
Practice in Practice:
So I have been officially open for less than 1 week. I have 0 patients at this time. I am working on reaching out to therapy groups to market to their patients. I expect the grow to be slow. I have 2 jobs currently so I wont starve until this either takes off or becomes a life learning experience. Look forward to sharing more updates.
Background:
Psychiatric Mental Health Nurse Practitioner. Licensed in Delaware, Florida and Ohio. I collaborate and work under the guidance and mentorship of a Board Certified Psychiatrist that I admire. He provides great supervision and counseling when needed.
Practice Basics:
After several months of inaction and back and forth trying to decide on what kind of practice I wanted to launch; I settled on a cash based outpatient private practice. I owe much gratitude to a member of this community to breaking the standstill I was stuck at. I finally decided to go cash pay instead of having to handle all the headaches that come with contracting with insurance. I will provide Super Bills for OON benefits for patients and once I start seeing some volume I will be utilizing Reimbursify to streamline this process for patients.
Pros of Cash Based Practice: As long as you are following best practice guidelines you are in the driver seat. No pesky insurance carriers dictating how to run your practice.
Cons of a Cash Based Practice: This usually comes at the detriment of slow building of patient panel. More marketing spend to attract clients, need to offer a superior service to flourish.
Type of Practice: Integrative Psychiatric Practice. Offering psychiatric evaluations, medication management, laboratory ordering and review (not just your basic labs but digging deeper to all things connected to mental health), psychotherapy, supplements and a big focus on nutritional psychiatry ( gut - brain connection). Offering longer than traditional appointment times to capture a good history and create an appropriate personalized plan of care.
Fees: $295 for Initial Psychiatric Evaluation (75 to 90 mins in length). $200 for follow up appointments.
Backend Set Up:
Website: Build my own website using Square Space and Chat GPT. I was able to achieve a basic above average typical website. See end result at www.atozpsychiatry.com ( I dont mind doxing myself as I have always been extremely cautious of my online presence and what I post). Domain was $12 for the 1st year and $20 for renewals. I also host the domain and website on square space which was about $20 per month, paid yearly and had a discount code so it was sub $200 for a year.
Email: I wanted professional email so I went with google workspace. For less than $10 a month you can have your own @yourpracticename email address. This gives you a more professional presence. You need to have a domain secured before creating this or need to register a new domain with Google when doing this. Verification is straightforward and the tutorials provided are easy to follow.
Phone and Fax: Spruce Health is unbeatable to create your digital communications platform. For $24 a month you can have a number that you can forward to your cell or your office manager cell. Keeping your personal information secure. Spruce also includes Fax and SMS communication. You can further customize automatic replies, create presets to send messages, etc.
Psychology Today: A must have in the mental health world. $30 a month to advertise your presence. Took me an evening to build up a decent profile.
Malpractice Insurance: I went with Berxi. They are backed by a big player in the insurance world so it should be safe long term. Paid about $760 for first year, I expect it to go to about $1600 on renewal.
EMR: Practice Q/ Intake Q is a great solution for medical records and practice management. Includes e-prescribe, customizable templates and much more that I need to discover yet. They have a low volume plan that cost $55 plus $65 for the e prescribe component. So about $115 monthly.
Practice in Practice:
So I have been officially open for less than 1 week. I have 0 patients at this time. I am working on reaching out to therapy groups to market to their patients. I expect the grow to be slow. I have 2 jobs currently so I wont starve until this either takes off or becomes a life learning experience. Look forward to sharing more updates.