Many private psychotherapists choose to be on insurance panels as part of their initial business model. Taking insurance is a great way to gain access to clients, particularly those who need cost-effective services. Being on insurance panels can help you fill your business quickly; this is what I was told by other private practitioners when I started and I followed suit. But after nine years in private practice, I decided to transition to a self-pay only business model.
The decision came from my entrepreneurial mindset which focused on growth potential, professional control, and ease of workload. I had three significant experiences that helpe...
