ABSTRACT

This chapter addresses the challenges and opportunities of creating a group practice, and provides practical tips and important areas for consideration while setting up and growing a successful practice with multiple clinicians. Group practices tend to have more available resources. With expenses covered by more clinicians, people are able to offer a wider variety of psychological assessments, utilize state-of-the-art Electronic Medical Records (EMR) and other computer programs, and have office staff to answer the phone, return messages, and otherwise lessen some of the administrative burden of being in private practice. Solo practices may find it burdensome financially to provide some of these benefits without the volume to spread out the cost. Owning and managing a group practice can be very rewarding, as long as it matches up with your expectations of what is involved. While there may be less direct clinical work over time, there will be many other tasks that will require your attention.