Hello from a therapist who has been about to start a private practice for two years
Hi everyone. I'm a licensed therapist at a group practice, and I have been roughly three months away from opening my own private practice for about two years, which I think makes me the mascot of the idea stage.
The math isn't the problem. I know what the group keeps from my sessions and I know what I'd bill on my own. The problem is everything around the math. I don't know whether I'm taking insurance or going private pay, and that one decision seems to change the whole business: the billing, the software, how many clients I need, whether I can afford to be careful about fit.
Underneath that is the part I don't say out loud at work. My caseload here is full and stable, and that's a very comfortable thing to walk away from when my husband's job covers our insurance and not much else.
What I'd like from this group is people who did it while still employed. Not follow-your-dream, actual logistics. Did you build the practice on evenings first? How did you handle telling your employer? How long were you doing both before it stopped being sustainable?
Still at the group practice for now. That's the honest stage.