Course Curriculum

    1. Self Assessment, Course Evaluation, and Feedback

About this course

  • $9.00
  • 1 lesson
  • 0 hours of video content

This course is a podcast episode.

You can listen for free to this course and all of our podcast episodes on most podcast players (Apple Podcasts, Spotify, Stitcher, Google Podcasts). You can also stream it or download it below. Once you have listened to the episode/course you can access the post-test and earn your certificate/ASHA CEUs using the links above. 

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    Handout: Setting up a Private Practice Part 1: Liability and Financial Considerations

    An outline several pages long that includes main episode points, a reference list, and online resources. Included in annual subscription.
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  • $1.99

    Budget Template for Private Practice

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Course Presenters

SLP/BCBA; SLP Kate Grandbois (she/her) & Amy Wonkka (she/her

Kate and Amy are co-founders of SLP Nerdcast. Kate is a dually certified SLP / BCBA who works primarily as an "AAC Specialist." She owns a private practice with a focus on interdisciplinary collaboration, augmentative alternative communication intervention and assessment, and consultation. Amy is an SLP who also works as an "AAC Specialist" in a public school setting. Amy's primary interests are AAC, typical language development, motor speech, phonology, data collection, collaboration, coaching, and communication partner training and support.


Episode Summary

Starting a private practice can be exciting - but also daunting, intimidating, or for some of us outright terrifying. There is a certain vulnerability in putting yourself out there. This vulnerability extends way beyond whether or not you are making the right clinical decisions out on your own. There are often concerns about liability, budgeting, taxes and money management, overhead costs, policies, regulations → mind explosion.

First off, we want everyone interested in private practice to know that it is totally possible. A bajillion people go into business for themselves. Just because we don’t get business management training as part of our degree does not make us less equipped to go into business for ourselves. There are so many resources out there. Taking advice from a seasoned business owner is just the start. Our goal for this episode is to help you start that journey, get you hooked into some good resources out there, and answer some of these long standing questions related to risk, liability, and finances.  

Disclaimer: We are not attorneys or accountants.  The information provided in this episode comes from personal experience owning and running a private practice for the last 10 years.  We always defer to the experts for legal and accounting / financial advice.  While you can always reach out to use with questions, we recommend you find some good local resources for specific issues!

 

Learning Outcomes

  1. Identify at least 2 common legal / liability considerations when setting up a private practice 

  2. Identify at least 2 common financial considerations when setting up a private practice

  3. Identify 2 of the most frequent revenue streams in private practice and considerations for each  


References

Cornett, B. S. (2006). Clinical documentation in speech-language pathology: Essential information for successful practice.  ASHA Leader, 11(12), 8-25


Online Resources

Malpractice Insurance Resources

Mercer Consumer (Formerly MARSH) 

Healthcare Providers Service Organization (HPSO)


Corporate Filing Resources

Bizfilings (information about different corporate structures) 

MyCorporation: Everything you need to know

 

HIPAA Compliance Resources

ASHA and HIPAA

General HIPAA information 

 

Tax ID and NPI Resources

Link to apply for an EIN

National pan and Provider Enumeration System (NPPES; apply for / look up your NPI number) 

 Centers for Medicare and Medicaid information about NPI numbers

 

Tax Resources 

Learn more about self employment tax 

  

Health Insurance and Superbill Resources

ASHA superbill templates 

ASHA CPT codes 

ASHA ICD-10 codes 


Disclosures:

Kate Grandbois financial disclosures: Kate is the owner / founder of Grandbois Therapy + Consulting, LLC and co-founder of SLP Nerdcast.  Kate Grandbois non-financial disclosures: Kate is a member of ASHA, SIG 12, and serves on the AAC Advisory Group for Massachusetts Advocates for Children. She is also a member of the Berkshire Association for Behavior Analysis and Therapy (BABAT), MassABA, the Association for Behavior Analysis International (ABAI) and the corresponding Speech Pathology and Applied Behavior Analysis SIG. 

Amy Wonkka financial disclosures: Kate is an employee of a public school system and co-founder of SLP Nerdcast.  Amy Wonkka non-financial disclosures: Amy is a member of ASHA, SIG 12, and serves on the AAC Advisory Group for Massachusetts Advocates for Children


Time Ordered Agenda:

10 minutes: Introduction, Disclaimers and Disclosures

20 minutes:  Descriptions of common legal considerations in private practice

15 minutes:  Descriptions of common financial considerations in private practice

10 minutes:  Descriptions of common revenue streams in private practice

5 minutes: Summary and Closing

Disclaimer

The contents of this episode are not meant to replace clinical advice.  SLP Nerdcast, its hosts and guests do not represent or endorse specific products or procedures mentioned during our episodes unless otherwise stated.  We are NOT PhDs, but we do research our material.  We do our best to provide a thorough review and fair representation of each topic that we tackle.  That being said, it is always likely that there is an article we’ve missed, or another perspective that isn’t shared.  If you have something to add to the conversation, please email us! Wed love to hear from you!