Speech Therapy Private Practice Startup Podcast

When you work with insurances in speech therapy private practice, you will have claim denials. In this episode, I discuss common causes of claim denials as well as speak about patterns and trends to watch out for when dealing with insurances so that you can get paid. In this episode: 01:28 – Happy Mardi Gras […] The post 34: Claim Denials in Speech Therapy Private Practice appeared first on PrivateSLP.

Responsibility in your speech therapy private practice  can come in many forms.  The most obvious is being responsible to your patients, showing up and delivering good quality treatments and working on your offer that converts.  There is also financial responsibility, social responsibility, responsibility to your team and most importantly being responsible and honest with yourself.  […] The post 33: Responsibility in Speech Therapy Private Practice appeared first on PrivateSLP.

Going through an audit in speech therapy private practice can be frustrating, time consuming and scary (but it doesn’t have to be).  In this episode, I reveal a few items that a financial auditor will require from you as a provider plus give you important insight to required documentation that will prove the speech therapy […] The post 32: Payment Audits in Speech Therapy Private Practice appeared first on PrivateSLP.

In speech therapy private practice, there are two things that really matter if you want to stay profitable (and open for business). In this episode, I discuss revenue and expenses and the importance of managing the flow of money coming into and out of the practice. In this episode: 02:00 – Listener Statistics 02:40 – […] The post 31: Revenue and Expenses in Speech Therapy Private Practice appeared first on PrivateSLP.

  When starting a speech therapy private practice, we need to have lots of hope to start (and grow) the business. Alfred Adler said, “Hope is the foundational quality of all change, and encouragement is the fuel which keeps hope alive.” In this 30th episode, I start out by answering two questions from the listening […] The post 30: Encouragement – The Fuel for Speech Therapy Private Practice Growth appeared first on PrivateSLP.

  Let’s face it, we all want (and need) to get away from time to time so that we can relax and spend time with our family. But when you’re in business, you may not get paid if you’re not seeing patients. In this episode, I discuss the travel test and why it is important […] The post 29: Your Private Practice & the Travel Test appeared first on PrivateSLP.

In Episode 28, I talk about the cost of doing business. When I was very young, my dad (who was a hard-working plumber with an 8th grade education – he had over 100 employees in his plumbing contracting company) made me work hard. I hated all of the physical labor at that time, but reflecting […] The post 28: Ten Percent of Something is Better than One Hundred Percent of Nothing appeared first on PrivateSLP.

Bright shiny objects (BSOs) are what destroy our motivation, desire and drive to start our speech therapy private practice.  It’s seems like wherever we turn, BSOs are distracting us from our ultimate goal:  Start, grow and scale our very own speech therapy private practice.  Some of the more common BSOs are Facebook, email, Twitter and […] The post 27: Bright, Shiny Objects (BSOs) appeared first on PrivateSLP.

Standard Operating Procedures (SOPs) and the NOAH Principal are very important to remember as you start and grow your speech therapy private practice. In this episode, I discuss keeping notes and logging every aspect of your business on paper. You will quickly find that when you are just starting out, you are actually developing SOPs […] The post 26: SOPs and the Noah Principal appeared first on PrivateSLP.

Attention to detail is very important in speech therapy private practice. In this podcast, I will discuss those “little things” that we as business owners do on a daily basis to set the standard of care in our speech therapy private practice. If these tasks are neglected, people will notice, and often the result is […] The post 25: Attention to Detail for Speech Therapy Private Practice appeared first on PrivateSLP.

When you have a speech therapy private practice, you’ve got to have cash in the bank to operate appropriately.  Keep in mind, if you don’t have enough money to cover your expenses, then you’re really working for someone else, and that someone else is the bank.  In this episode, I discuss the basics of cash […] The post 24: Cash Flow Basics for Speech Therapy Private Practice appeared first on PrivateSLP.

Hiring your first (or 35th) employee is a big deal, and doing things the correctly is important.  In this episode, I run through some of the most important things to consider when hiring your employees.  I recently went through a audit at the State level for all of our employees, so I thought you might […] The post 23: Hiring Employees: What You Need to Know appeared first on PrivateSLP.

Welcome to the first episode of 2017! When a new year starts, the subject of taxes usually comes up. When you own a speech therapy private practice, you are responsible for making timely income tax and employee withholding payments to Federal and State governments. In this episode, I discuss 1099s, employee withholding, quarterly filings, quarterly […] The post 22: A Few Thoughts About Taxes and Speech Therapy Private Practice appeared first on PrivateSLP.

As you start, grow or scale your speech therapy private practice, you must have systems in place. Systems are a set of rules or procedures that others can learn to accomplish a larger outcome. As an owner, these systems will allow others to help and assist so that the owner can accomplish tasks. In this […] The post 21: Goals Are Good But Systems Are Better appeared first on PrivateSLP.

When you are starting, growing and scaling a speech therapy private practice, you have to pace and take care of yourself. This can be difficult, especially in the early years of your private practice, because often you are taking care of all aspects of the business: Scheduling, referrals, accounting, cleaning, compliance, marketing, supplies, etc. In […] The post 20: Avoiding Burnout in Speech Therapy Private Practice appeared first on PrivateSLP.

If you have employees, check out Intuit Payroll. I have used this payroll service for years. I know there are other services out there; However, with 35 employees on the books, I like to look at all of the numbers, reports and keep a close eye on what goes out of the businesses twice monthly. […] The post 19: Payroll: What You Need To Know In Speech Therapy Private Practice appeared first on PrivateSLP.

It’s going to happen to us all, no matter how hard you try, no matter how many Starbucks cards you give away in your clinic for positive feedback, no matter how many families that you ask to leave positive reviews online.  The day will come, I promise.  And when it does, embrace it and learn […] The post 18: Negative Feedback: On a Positive Note appeared first on PrivateSLP.

I’ve said it before and I’ll say it again:  If you want to have a successful speech therapy private practice, then work on your relationships with your clients, referral sources and employees.  In our profession, we really get to know others.  That’s what happens when you work with a family or co worker weekly for […] The post 17: The Foundation of a Successful Speech Therapy Private Practice appeared first on PrivateSLP.

Many people contact me and ask this question, “How do I start a speech therapy private practice and just take cash and not deal with insurances and minimize headaches”? There isn’t an easy answer to this question, because with the increase of consumers forced to have insurance coverage, people want value. Patients want to use […] The post 16: Accepting Insurances: How to Have a Successful Speech Therapy Private Practice appeared first on PrivateSLP.

I always take the side streets and back roads.  The other day I was thinking after I made it to the office, Speech Therapy private practice is comparable to the side streets in that it’s not always fast, you must plan, and you have many starts and stops along the way.  In episode 15, I […] The post 15: Lessons Learned from the Side Streets appeared first on PrivateSLP.