Course Description:
This three-hour workshop offers a broad overview of legal, ethical and business planning issues for clinicians to consider when starting a private practice. Course content includes: Considering whether private practice is right for you; Anticipating start-up costs and ongoing expenses; Leasing/subleasing basics; Sole proprietorships vs. professional corporations; Obtaining a business license; Establishing procedures for intake, recordkeeping, record-storage and retention; Understanding the meaning of “Covered Entity” under HIPAA; Distinguishing your practice and developing areas of expertise; Key issues to consider when advertising; The use of a fictitious business name (“DBA”); The purpose of liability (“malpractice”) insurance; Setting fees /dealing with insurance; Contracting with insurance plans; Electronic billing of insurance claims; The use of “Super-bills”; Obtaining an “NPI” number; Accepting credit and debit cards; Utilizing practice management services, and related topics.
Credit Hours:
3 Hours
Learning Objectives:
The presentation will provide an overview of:
This three-hour workshop offers a broad overview of legal, ethical and business planning issues for clinicians to consider when starting a private practice. Course content includes: Considering whether private practice is right for you; Anticipating start-up costs and ongoing expenses; Leasing/subleasing basics; Sole proprietorships vs. professional corporations; Obtaining a business license; Establishing procedures for intake, recordkeeping, record-storage and retention; Understanding the meaning of “Covered Entity” under HIPAA; Distinguishing your practice and developing areas of expertise; Key issues to consider when advertising; The use of a fictitious business name (“DBA”); The purpose of liability (“malpractice”) insurance; Setting fees /dealing with insurance; Contracting with insurance plans; Electronic billing of insurance claims; The use of “Super-bills”; Obtaining an “NPI” number; Accepting credit and debit cards; Utilizing practice management services, and related topics.
Credit Hours:
3 Hours
Learning Objectives:
The presentation will provide an overview of:
- List the advantages and drawbacks which are commonly associated with operating a private practice.
- Describe a sole proprietorship and how it differs from a professional corporation
- Summarize the purpose of obtaining a business license, a fictitious business name (DBA”) and a federal tax ID (“EIN”).
- Describe the benefits of developing areas of specialization and identify relevant advertising concerns
- Name the meaning of “covered entity” according to HIPAA and provide an example of a HIPAA “covered transaction.”
- Identify the key differences between “in-network” and “out of network” insurance providers and the advantages and drawbacks which are commonly associated with contracting with insurance plans.
Disclaimer
The user acknowledges that the workshops, handouts, and related course materials contained therein are intended for educational purposes only, and should not be considered to be legal advice or a substitute for legal or clinical consultation. These presentations address issues that are multi-faceted, and the user should not assume that the courses discuss every law, regulation, or ethical code that may be relevant to the subject matter. Legal and ethical standards are subject to change and it is always prudent to check to see whether a particular law, regulation, or ethical standard may have changed.
The user acknowledges that the workshops, handouts, and related course materials contained therein are intended for educational purposes only, and should not be considered to be legal advice or a substitute for legal or clinical consultation. These presentations address issues that are multi-faceted, and the user should not assume that the courses discuss every law, regulation, or ethical code that may be relevant to the subject matter. Legal and ethical standards are subject to change and it is always prudent to check to see whether a particular law, regulation, or ethical standard may have changed.
