Can a Private-Pay Practice Really Work?
The Real Numbers, Myths, and Decision-Making Framework Every Psychiatrist Should Understand
Many psychiatrists dream about leaving insurance panels.
But most never do.
Not because they're incapable.
Because they're not sure if a private-pay practice can actually work.
Will patients pay?
Can you fill your schedule?
What should you charge?
What happens during slow months?
Do you need a huge social media following?
How many patients do you actually need?
If you've ever asked yourself these questions, this workshop is for you.
In This Workshop You'll Learn:
The most common myths about private-pay practice
We'll discuss the assumptions that keep many psychiatrists stuck and examine what is actually true in today's market.
How private-pay practices attract patients
Learn the referral sources, positioning strategies, and relationship-building approaches that successful private-pay psychiatrists use.
The numbers behind a sustainable practice
We'll walk through real examples and simple calculations to help you understand how many patients you actually need to meet your goals.
The advantages and challenges of private pay
This is not a sales pitch.
We'll discuss both the benefits and the realities of operating a private-pay practice.
How to determine whether private pay is right for you
You'll leave with a framework for evaluating your own goals, personality, financial situation, and local market.
Who This Workshop Is For
Psychiatrists who are:
• Considering private practice
• Wondering whether to accept insurance
• Currently paneled but considering a transition
• Building a side practice while employed
• Seeking greater autonomy and flexibility
What You'll Leave With
By the end of this workshop, you'll have a clearer understanding of:
✓ Whether a private-pay model is realistic in your situation
✓ What it actually takes to attract patients
✓ The financial realities of private practice
✓ Common mistakes to avoid
✓ Your next steps if you decide to pursue a private-pay model
Hosted by Dr. Bianca Busch
Board-Certified Psychiatrist
Founder, PsychRise
Private Practice Owner
Dr. Busch built a multi-state private-pay psychiatry practice while balancing clinical work, teaching, and family life. In this workshop, she shares practical lessons learned from building a practice designed to support both patients and physician well-being.
