The Different Pros And Cons To Running A Private Counselling In London Practice
The majority of therapists dream of one day opening their own private therapy practice; however, following these aspirations are much more difficult. To run a private counselling in London practice, it is necessary to take several considerations into account. It is important to note that there are both benefits and challenges to running a private practice. This article will discuss these issues and establish the pros and cons of running a private counselling firm in London.
1. The Counselling Business Concerns
While it would be ideal to merely open one’s doors and begin a private practice, it is essential that you first explore the legal side of running this type of business. When setting up practice, you will need to consider business licenses, insurance policies, permits, and various other legalities.
2. The Therapists Work Schedule
Operating on your own work schedule can be considered a benefit as you have the freedom to limit the number of hours worked. However, this planning of a work schedule can also be viewed as a challenge because you are responsible for the numbers of hours worked. This may require having to work on the weekends or during the evenings, which can be highly inconvenient.
3. The Marketing Aspect
One of the most tiring aspects of running a private psychotherapy practice is the marketing factor. When running a practice, it is necessary to take steps to generate business and this is something many London therapists are uncomfortable doing. To attract clients, it is recommended that you establish a website and offer specific services. Of course, merely setting up a website is not going to attract clients; you will need to advertise the practice and maintain the professional psychotherapy profiles. All of these marketing efforts can take time and will require some degree of financial investment – a true challenge.
4. The Psychotherapy Insurance Company Connection
Working with insurance companies can be beneficial because they can offer a stream of client referrals; however, individuals will only contact therapists who are willing to accept their insurance coverage. When using insurance coverage, the insurance company will transfer a payment electronically into the therapist’s bank account when requested. This is much easier and faster than receiving checks or dealing with cash.
Unfortunately, it can also be a drawback because this process can become lengthy and complicated. Applications for insurance policies are time-consuming to complete and payment may not be received for months. Moreover, reimbursement rates are lower than the typical therapist rate and if the claim is not submitted in a timely manner, the process can be slowed down even more. In fact, if the claim is not submitted within a certain timeframe, it is possible that you will not be paid at all.
In conclusion, running a private counselling practice can be exciting; however, there are several challenges that a person will face. Using this information, you can make an informed decision whether or not this is the best option for your situation.