Solo practitioners face challenges
Have you considered joining or leaving an insurance panel? More than one out of four psychologists are self-employed and nearly half (45 percent) work in private practice settings. Psychologists in independent practice often do not accept health insurance, citing low reimbursement rates and difficulties getting paid.
I think of myself as a woman in my “pre-retirement” years and as such, I no longer have the burden of student loans, my kids’ college tuition, or other wallet-draining burdens. As such, I decided to rejoin some health insurance panels several years ago. Initially, it seemed that accepting insurance was not as challenging as it had been in years past. Electronic submission of claims was straigh...
