Further reply to … private Practice ?

DR Bob  Dick •                        I want not to be a wet blanket , and I can support starting a full time private practice only if 1] you have a Strong niche in a market that would truly ! supply lots of referrals , & / or 2] extensive referrals are likely from your career so far , &/or 3] you’re willing and able to be on insurance panels &; work for very limited fees , &/or 4] you’re willing & Able to manage the huge administrivia of business & development [ or hire it done well ] . The current economic climate doesn’t seem to me likely to favor new providers of luxury goods , however competent one might be .

I helped start a private Group practice &amp did very well for 40-some years. When I wanted to slow down and work only 3 days a week [having  dropped-off all insurance panels for 5+ years], I discovered my corporate group psychology practice had no flexibility in overhead fees.  So I transitioned into a solo/shared expenses practice w/ 3 folks I’ve known well for decades. It’s worked out even better than I hoped, probably partly because I meet conditions 1, 2 & 5 above .
I wish you clear thinking & success !   DrBobDick.com                    DR Bob  Dick •                        I want not to be a wet blanket , and I can support starting a full time private practice only if 1] you have a Strong niche in a market that would truly ! supply lots of referrals , & / or 2] extensive referrals are likely from your career so far , &/or 3] you’re willing and able to be on insurance panels & work for very limited fees , &/or 5] you’re willing & Able to manage the huge administrivia of business & development [ or hire it done well ] . The current economic climate doesn’t seem to me likely to favor new providers of luxury goods , however competent one might be .
I helped start a private Group practice & did very well for 40-some years .When I wanted to slow down and work only 3 days a week [ having  dropped-off all panels for 5 years ]. I discovered my corporate Group practice had no flexibility in overhead .  So I transitioned into a solo / shared expenses practice w/ 3 folks I’ve known well for decades . It’s worked out even better than I expected , I think , because I meet conditions 1 , 2 & 5 above .
I wish you clear thinking & success !   DrBobDick.com                    DR Bob  Dick •                        I want not to be a wet blanket , and I can support starting a full time private practice only if 1] you have a Strong niche in a market that would truly ! supply lots of referrals , & / or 2] extensive referrals are likely from your career so far , &/or 3] you’re willing and able to be on insurance panels & work for very limited fees , &/or 5] you’re willing & Able to manage the huge administrivia of business & development [ or hire it done well ] . The current economic climate doesn’t seem to me likely to favor new providers of luxury goods , however competent one might be .
I helped start a private Group practice & did very well for 40-some years .When I wanted to slow down and work only 3 days a week [ having  dropped-off all panels for 5 years ]. I discovered my corporate Group practice had no flexibility in overhead .  So I transitioned into a solo / shared expenses practice w/ 3 folks I’ve known well for decades . It’s worked out even better than I expected , I think , because I meet conditions 1 , 2 & 5 above .
I wish you clear thinking & success !   DrBobDick.com

Please share your experience/response to this Post. I'd sure like to know, and it could be useful to someone else. You can click the Post's title to view the entire post, and Comment below, if you like. The "Name Field" will accept any name, so you can be Anonymous [Anon] if you prefer. You must enter your Email to post a comment, but your Email address will not appear publicly. Thanks, Dr Bob
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