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- Nov 25, 2005
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As far as I've learned, psychotherapy is a poor full-time practice option for new clinical psychologists. From examining job ads and talking to those in practice, this is what I see:
1) Employers now generally hire MSW/MFTs to do it for cheaper, quality be damned.
2) In private practice, insurance panels are already full in populous areas (or require 5+ years licensed), or will reimburse you poorly/improperly.
3) Full-time cash private practices are hard to build, and can only be done by a few savvy psychologists, the rest struggle to fill their practices.
4) You're limited to one location, and have to start over if you move.
5) It's difficult to convince the general public to pay $100+/week, and come back week-after-week. Those who can afford it generally work full-time, and have difficulty skipping work weekly, except on evenings and weekends.
Speaking with my physician colleagues, it seems that the specialties that have the best finances/freedom are ones that do the most "procedures." The more procedures one can do in a given time, or if it requires complexity/ specialization, the better the pay. Psychiatrists are paid by medicare around $60 for a 90862 15-min med check. Unfortunately, the new health & behavior CPT codes for psychologists reimburse $5-25 for 15-minute assessment/interventions. Perhaps they can be used creatively in some way?
I was wondering if there are any procedures we can do as psychologists that address the problems above? I imagine some potential for clinical health psychologists going forward. Let's throw out some CPT codes that are reimbursed well? What about non-psychology CPT codes that we can bill for in unique settings, that don't require us to go outside our scope of practice? Biofeedback? Pre-Surgical Evaluations? Pain Management? Any creative possibilities for new procedures?
1) Employers now generally hire MSW/MFTs to do it for cheaper, quality be damned.
2) In private practice, insurance panels are already full in populous areas (or require 5+ years licensed), or will reimburse you poorly/improperly.
3) Full-time cash private practices are hard to build, and can only be done by a few savvy psychologists, the rest struggle to fill their practices.
4) You're limited to one location, and have to start over if you move.
5) It's difficult to convince the general public to pay $100+/week, and come back week-after-week. Those who can afford it generally work full-time, and have difficulty skipping work weekly, except on evenings and weekends.
Speaking with my physician colleagues, it seems that the specialties that have the best finances/freedom are ones that do the most "procedures." The more procedures one can do in a given time, or if it requires complexity/ specialization, the better the pay. Psychiatrists are paid by medicare around $60 for a 90862 15-min med check. Unfortunately, the new health & behavior CPT codes for psychologists reimburse $5-25 for 15-minute assessment/interventions. Perhaps they can be used creatively in some way?
I was wondering if there are any procedures we can do as psychologists that address the problems above? I imagine some potential for clinical health psychologists going forward. Let's throw out some CPT codes that are reimbursed well? What about non-psychology CPT codes that we can bill for in unique settings, that don't require us to go outside our scope of practice? Biofeedback? Pre-Surgical Evaluations? Pain Management? Any creative possibilities for new procedures?
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