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I'm a licensed mental health therapist and private practice owner who loves to help therapists make financial, business, and practical sense out of starting and running a solo private practice. Subscribe to my newsletter.
My Two Cents with Amy Neal Place of Service Codes and Reimbursement Rate Changes Hello! This week, several therapists in my NC networking groups told me their telehealth reimbursements dropped suddenly. A few months ago, similar reports came from Midwest states. The likely culprit is Place of Service (POS) codes, the 2-digit codes on your claim CMS 1500 in Box 24 b that tell the payer where the session took place. For telehealth, there are two that matter: POS 10: Telehealth provided in the...
My Two Cents with Amy Neal What They Didn't Teach in Grad School: Making Sense of Cents Last newsletter, I told you why I chose the name Private Practice Cents. Today, I want to talk about what "making sense out of making cents" actually looks like in your practice, and how I can help. Early in my career, I often repeated a common therapist myth: "I didn't become a therapist for the money." It is such a wonderful thing that so many people enter the mental health field because they truly want...
My Two Cents with Amy Neal How A Math-Avoidant Therapist Became a Numbers Nerd Hi! This is Amy Neal from Private Practice Cents, and welcome to my newsletter! Whether we've already connected through a webinar, coaching, or a Facebook group, or this is our first hello — I'm so glad you're here for this next step: learning more about starting and running a successful private practice. Today, I wanted to share a bit about myself and my story as a therapist and as a business owner. Confession...