How does private practice work? A glimpse into the operations of an allied health private practice
Allied health private practices are essential for providing healthcare services to clients who aim to improve their well-being. But what’s under the hood? How do these practices operate, and what lies behind the scenes? If you’re considering starting your own private practice, understanding the inner workings of this business is crucial. In this blog, we’ll offer an overview of how an allied health private practice operates, providing a brief look at each aspect of the business. Client Appointments: The Foundation The management of client…
Measuring success in your allied health private practice: Beyond the bottom line
In the world of allied health private practice, success extends far beyond the balance sheet. While financial stability is undeniably important, it represents just one facet of a thriving healthcare practice. True success in this field is multifaceted, encompassing the well-being of clients, the satisfaction of your team, and the impact your practice has on the community it serves. In this article, we look at what success looks like in private practice business. Beyond the financial metrics, we explore the tangible and intangible indicators that…
Exploring the different types of allied health private practices
Contractor vs owner: Pros and cons for allied health professionals in private practice
For allied health professionals in Australia, the choice between working as a contractor in someone else’s private practice or owning and operating your own practice is a significant career decision. Both avenues come with distinct advantages and challenges, and if you’re currently a contractor considering starting your own practice, it’s crucial to carefully assess the pros and cons. In this article, we will explore what the many aspects of work life may look like as a contractor vs an owner. Related: The benefits of running your…
Finding the ideal team member for your private practice: A guide to the MoSCoW method
In the world of private practice, making the right hire can be a game-changer. It’s not just about filling a role; it’s about finding the perfect fit to enhance your practice’s success. Enter the MoSCoW method, a valuable tool that private practice owners can wield to determine precisely what they’re looking for in a new practitioner. Related: Tips for recruiting psychologists to your private practice What is the MoSCoW method? In business, The MoSCoW method comprises four essential steps for determining which project requirements yield…
What to post on LinkedIn as an allied health private practice owner: 24 post ideas
LinkedIn has evolved into a powerful platform for allied health professionals to connect, network, and showcase their work. For allied health private practice owners, utilising LinkedIn effectively can lead to increased visibility, stronger professional relationships, and ultimately, business growth. But beyond posting job ads and liking your connections’ posts, what can you actually post on LinkedIn? If you’ve ever stared at the screen lost for ideas on what to post on LinkedIn, you’re in the right place. In this blog post, we’ll explore a variety…
The pros and cons of LinkedIn for allied health private practice owners
Of the many social media platforms, LinkedIn is one of the most useful for professional networking. If used right, it can be a goldmine of networking and hiring opportunities, referrals and information gathering. Over the past few years, we’ve noticed a growing acceptance of LinkedIn within the allied health fields. With many practitioners now having a profile, it’s come a long way since the days when the allied health industry as a whole seemed to consider LinkedIn irrelevant. Related: What to post on LinkedIn as…
The challenges of running your own private practice
The realities of running your own private practice: the challenges While owning and running a private practice as an allied health practitioner can be fulfilling and rewarding, it’s essential to acknowledge that it also comes with its fair share of challenges. In the previous section, we looked at the many benefits of running your own private practice. In this section, we’ll explore the drawbacks. Understanding the potential drawbacks can help allied health practitioners make informed decisions and navigate the complexities of private practice ownership effectively….
The benefits of running your own private practice
If you’re reading this, chances are you’re an allied health practitioner considering starting your own private practice or already on your journey as a private practice owner. Running a private practice as an allied health practitioner can be a fulfilling yet demanding experience that requires dedication, hard work, and a deep commitment to your clients. While being your own boss has its perks, owning and operating a private practice also comes with its unique set of challenges. In this 2-part blog, we’ll explore the realities…
5 reasons why your private practice needs systems and automations
As an allied health practitioner, you know that running a private practice can be both rewarding and challenging. One of the most significant challenges is managing the administrative tasks that come with running a business. Manual administrative tasks like scheduling, billing, and record-keeping can consume valuable time and lead to mistakes. Without systems and automations in place, the workload can quickly become unmanageable, leading to burnout, missed appointments, and errors in billing or client data. Additionally, a lack of streamlined systems can impact the client…
Oops, I have to charge you a gap fee again: How to manage the co-payment reversal
It has been announced that co-payment billing practices for psychologists is returning starting today, Monday 6 April. This is following the news made just last week that psychologists across Australia were required to bulk bill all telehealth sessions effective 30 March April. Unsurprisingly, this wasn’t well received by the psychologist community. And in just a week, this decision has been reverted, allowing psychologists to return to their usual billing practices, except for the clients who meet the mandatory bulk billing criteria: a person who is…
Managing your private practice through the coronavirus crisis
Due to the fast-paced updates and changes to policies regarding COVID-19, this article may include some outdated information. For more recent information, please visit our COVID-19 support and resources page. With the coronavirus (COVID-19) being declared a pandemic since the 11th of March 2020, concerns and even panic around the virus are sweeping across the world. In addition to the health consequences, the virus and the responses surrounding it are affecting small and big businesses all over the country and world, following recommendations of social…