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To any psychiatrists in private practice: could you please shed some light on the business aspects of running a practice? For those of us entering training and in training, I feel it would be helpful to get some idea of what we may encounter when it's time to hang up a shingle. It would be particularly interesting to know about practice arrangements (solo v. group); patient type (medicare/medicaid, private ins. v. fee for service); how you bill and what rates are typical for your area; hiring ancillary staff (receptionists, billers etc); and office space (rent v. buy).
