Practice Pursuit for Therapists

The Pros and Cons of Accepting Insurance vs. Private Pay in your Therapy Private Practice

• Rachel Kimbrel & Adrienne Schmidt • Season 1 • Episode 5

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🎙️ Episode 6: Should You Accept Insurance or Go Private Pay in Your Therapy Practice?

One of the biggest questions new and established therapists face when building a private practice is: Should I take insurance or stick with private pay? In this episode of Practice Pursuit for Therapists, Rachel and Adrienne unpack the real-world pros and cons of both models to help you make a decision that aligns with your goals as a therapist entrepreneur.

They share their own experiences navigating insurance billing and private pay income, explore the financial and logistical implications of each approach, and offer guidance on how to build a therapy business model that’s sustainable and aligned with your values.

Whether you're just starting your private practice for therapists journey or reevaluating your payment structure, this episode is packed with insight to help you move forward with clarity.

💡 What You’ll Learn:

  • The benefits and challenges of private pay vs insurance
  • How each model affects your income, time, and client relationships
  • Practical tips for deciding what’s right for your therapy practice
  • Financial and emotional factors to consider as a business-minded therapist

🎧 Tune in now to gain clarity on which payment path makes the most sense for your practice and your peace of mind.


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