Private Practice Question

[prominence]

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how realistic is it to run a child psychiatry private practice, and have patients pay with cash only (i.e. no insurance accepted)?

 

[OldPsychDoc]

how realistic is it to run a child psychiatry private practice, and have patients pay with cash only (i.e. no insurance accepted)?

You might be able to try this in some affluent suburban areas of the US, but my experience is that child practice in the majority of the real world deals with a LOT of families from the lower rungs on the socioeconomic ladder, who may rely on Medicaid, etc. to pay for their kids' care. They won't have cash to pay you with.

 

[prominence]

You might be able to try this in some affluent suburban areas of the US, but my experience is that child practice in the majority of the real world deals with a LOT of families from the lower rungs on the socioeconomic ladder, who may rely on Medicaid, etc. to pay for their kids' care. They won't have cash to pay you with.

in these select areas, is it unheard of to charge $250 per hour, strictly cash payment?

 

[Anasazi23]

It's not unreasonable, but the more likely scenario is to have some sort of hospital affiliation for referall generation and admitting privilages, which requires you to be there at least some of the time, while charging a lot in your private practice.