Multiple Income Streams - Starting a New Mental Health Practice

As of the writing of this post, it has been three months, and I am only paneled with one insurance company out of the four I applied to. I started this gig on Friday, August 4th, 2023 when I had the first appointment with the bookkeeping service that is handling my insurance credentialing. I don't think they started until a week later. 

So far, nothing new has happened. I decided to pick up a contract position three days a week at a local behavioral health clinic. This clinic has offices all over my area, and offers a plethora of services clients can engage in, if needed. The pay is more than twice what I was making at my last job, working in medication assisted treatment. I go in next week to do a bunch of paperwork to start the process. This will bring in some money while I am waiting for insurance to kick in, one of these months.

I read somewhere that to be financially successful in today's world, you need multiple income streams. Along these lines of thinking, I signed up with two other online companies, hoping to get some referrals. The first is a collective of therapists called Open Path. They work with uninsured and underinsured persons to provide discount therapy services. If you are interested, you can join using my affiliate link here. So far I only got one referral, and no response, but I am hopeful for more in the future.

My second plan was to join Grow Therapy, and hopefully get referrals from them. They provide a free EHR, and will pay for my Psychology Today profile listing. They have a great community page to connect with resources and other clinicians, and a ton of free trainings there. I still have to wait for insurance to kick in, though, so it is another waiting game.

I know there are other things I can do, and I have some ideas, but that will be the topic of another post.

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