In Spring 2011, I became Private Practice Consultant for the ACA, and in July that year Counseling Today published my first column, “Building a Full Caseload of Counseling Clients.” In the months and years following I wrote about everything from office culture to technology in private practice, and it has been my honor and joy to write to you every month, as well as answer countless emails and phone calls from ACA members.
For many years the topic of making money in counseling practice has been taboo, but the tides are turning, and the culture changing. People are asking, ‘healthcare professionals of many flavors are running successful (thriving) practices, why not us?’ Still, if someone challenges a point in this column, there’s often an ad hominem attack that posits I value cash over client care: “Contrary to Centore’s argument, [value is] not necessarily measured in the size of one’s practice, prestige or bank account.” It’s not always fun to be the face of money in counseling, but it’s part of the role. And it’s more than worth it when I meet counselors who I’ve been able to (in a small way) help make a living or put their kids through college.
In reflection on 6 years, this month I thought I’d provide 72 private practice ideas—points taken from 72 columns.
- Now is a great time to open a practice
- Having a well-run business will allow you to provide better service to your clients
- You don’t need a lot of money to get started
- Good therapists can fail because of poor practice management
- Practice ‘constant forward motion’
- Complete all your clinical notes before you leave for the day
- Work on your practice, not just in your practice
- Starting a practice is a big transition, ‘technician’ to ‘entrepreneur,’ like a cook deciding to open a restaurant
- Marketing takes a lot of energy at first, but gets easier in time
- There is hope for you even if you hate networking or ‘selling yourself’
- Know who your target client is, then get to know him/her better
- Make your practice different from all the rest
- Solo-practices can provide a good income, but are difficult to sell
- You should know what your practice is worth right now
- Contrary to popular belief, entrepreneurs don’t like risk
- There are more counselors per capita in my area than anywhere else (says everyone, everywhere)
- Practice ‘thought leadership’; put what you know if writing
- Some counselors are excellent, but half are below average
- In our culture, the character of the incompetent counselor is a pervasive cliché
- Don’t criticize insurance reimbursements if you’re letting sessions run 20 minutes over
- Medical billing is important; a 90% collection rate is death
- There are about 19 reasons insurance claims are denied
- Protect your time to protect your creativity
- Don’t be timid to charge for services
- Don’t be shy about a no-show fee
- Preventing provider turnover starts at recruitment
- Hire team members slowly, carefully, and check references
- Even when contracts are well written, they suck at getting people to do stuff
- Be generous to your employees, your clients, your profession, even your competitors
- To retain clinicians, you need to provide a better experience than what they can get on their own
- Your team members should know where they stand, and what it takes to be promoted
- It’s important to honor employee birthdays, anniversaries, and achievements
- Great employees demand more money, recognition, and ongoing training/growth opportunities
- Don’t wait for someone to pick you; don’t seek approval from others
- Ignore people who hate you; unfriend on Facebook liberally
- Don’t blame anyone if you’re not where you want to be; look in the mirror
- What prevents you from success is within, not without
- Be curious, and question many things
- It’s okay to not have all the answers
- Seek to learn what you don’t know you don’t know
- Nobody has everything figured out. Seriously, nobody
- Have patience, but proceed with urgency
- Stress management and rest are important, too
- Proofread, for the love of god
- You will lose money on most advertising.
- Don’t spend thousands of dollars on advertising unless you’re sure it will work
- Sometimes you need to spend money to make money
- Invest real money in improving customer service
- Answer your phone, for the love of god
- Being an employee can be a great choice, and will allow you to focus on your craft
- Consider buying your building if you’re going to be there a while
- Time is of the essence; get your service to market quickly
- You can open a counseling center, and see your first client, in a week
- McDonalds opens at 5am. Coffee refills are free
- Delegation is a learned skill, an important one
- Name your practice well, please no puns!
- Set goals for the year, and work like crazy to break them
- A new website looks dated so quickly
- Figure out what you need, then find the technology–not the other way around
- Embrace technology, but know that it’s not a replacement for a sound business plan
- If you want to grow your practice, online therapy usually isn’t the answer
- No matter how good you are, you’ll get some negative online reviews
- Plan ahead to pass an insurance audit (do this even if you don’t accept insurance)
- Start getting on insurance panels now, because it takes months
- Whether to hire counselors as contractors or employees is an important decision
- The idea of a superbill can be misleading to clients
- Anyone can build a successful practice, if they’re willing to do the work
- Ethics and success are not incompatible
- You can make six figures a year in solo-practice
- Growing form a solo-practice to a group isn’t for everybody
- A million-dollar a year practice has less than 8 fulltime providers
- While your office might look better than most, clients expect what they see on TV (the bar is high)!
There’s still a lot to say. What do you still want to know? Message me @anthonycentore or @thriveworks.