by Pauline Wallin, Ph.D. | Oct 1, 2022 | Business matters
Hurricane Ian is just the latest in a series of disasters that have hit the US over the past few years. The map below, from the US Census Bureau, shows a summary of storms, floods, wildfires and other disaster declaration areas. More information and map tools are...
by Pauline Wallin, Ph.D. | Aug 27, 2022 | Business matters, Practice development, Professional development
Is it necessary to have a niche practice in order to make a comfortable living? This question comes up frequently in our consultations with colleagues. Many clinicians have developed thriving practices without focusing on any given specialty or population segment. You...
by Pauline Wallin, Ph.D. | Jul 22, 2022 | Business matters
Here are 2 common scenarios that can be a source of bookkeeping confusion for mental health professionals in private practice. For illustrative purposes, these examples assume a hypothetical fee of $200 per hour: 1. Dr. A saw John in therapy for one session. John did...
by Pauline Wallin, Ph.D. | Jun 26, 2022 | Business matters
From the "questions we get asked" file... "What percentage of my income should I be spending on overhead?" This is sort of a trick question, because the answer depends on several factors, including: 1. How you define "overhead" Overhead is not a legal term, and the...
by Pauline Wallin, Ph.D. | Apr 16, 2022 | Business matters, Practice development
Back in grad school the path to success was laid out for us. We were given a curriculum and syllabus, which outlined what we had to learn and in what order. Good grades were pretty much guaranteed by simply mastering the material. In actual clinical practice there is...
by Pauline Wallin, Ph.D. | Mar 19, 2022 | Business matters
Recently posted on a mental health clinicians' online forum (reworded here for anonymity): "I've been thinking about going into private practice, and have talked to a couple of practice owners about working for them. One of them will pay me 50% of my receipts, and the...
