Welcome to June! If you’re feeling the way we are, we can’t believe we’re halfway through 2019. The year mid-point is always a good time for reassessing how you are doing in reaching for and achieving your goals that you set in motion for your private practice or nutrition business at the start of this year.
Maybe you’re a dietetic intern or are wrapping up your rotations, or maybe you’ve been running a private practice for years and taking payment out-of-pocket. Regardless of where you are in your career, as an RDN or RD-to-be you’re probably familiar with the option to take health insurance. You’ve likely heard about the benefits: insurance companies are covering nutritional counseling at higher rates than ever before, physicians are more likely to refer patients to you if you’re already in the same networks as them, and you’re able to work with a number of new clients who may not otherwise have access to your services.
In Part I of our Private Practice Profitability series, we focused on establishing a budget for your business and the importance of managing overhead costs. Today we’re diving into finding clients for your nutrition business or private practice, in addition to how to establish a strong referral pipeline with other providers. It’s time to stop living paycheck to paycheck!
It’s time to dump living paycheck to paycheck. Let’s discuss the business of owning your own nutrition business or private practice – with a focus on profitability while maintaining the highest standards of patient and client care. Today we’re covering budgeting for financial success, managing your overhead costs and generating revenue. Stay tuned for future private practice profitability topics!
You may never be audited by an insurance company, but if you are, here are a few tips and tricks for how to handle the insurance company’s request. Note that most dietitians find the insurance company requests a select number of chart notes for a particular client, with the aim of ensuring that you are billing for the services that you say you are billing for, billing via the correct diagnosis code, and billing for the amount of time that you said you spent with your client. In other words, an audit conducted by an insurance company is rarely what comes to mind when you think of an IRS audit where all of your records and documentation are examined.