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Have you wrestled with how to price your evaluations? There are many different ways to collect payment in your practice, but there are really only two primary models that we use: flat fee or hourly pricing. Both can be applied whether you take insurance or not, though there is certainly more flexibility in pricing if you’re private pay only. In this episode, I talk about…
- The psychology behind pricing
- Consumer preferences in pricing models
- Pros and cons of flat fee vs. hourly pricing
Cool Things Mentioned
Featured Resource
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The Testing Psychologist podcast is approved for CEU’s!
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About Dr. Jeremy Sharp
I’m a licensed psychologist and Clinical Director at the Colorado Center for Assessment & Counseling, a private practice that I founded in 2009 and have grown to over 20 clinicians. I earned my undergraduate degree in Experimental Psychology from the University of South Carolina before getting my Master’s and PhD in Counseling Psychology from Colorado State University. These days, I specialize in psychological and neuropsychological evaluation with kids and adolescents.
As the host of the Testing Psychologist Podcast, I provide private practice consulting for psychologists and other mental health professionals who want to start or grow psychological testing services in their practices. I live in Fort Collins, Colorado with my wife (also a therapist) and two young kids.
Ready to grow your testing services? Click below to schedule a complimentary 30-minute pre-consulting call!
Comments 2
Hello Jeremy, I am a licensed master’s level therapist located in Maryland. I have conducted psych assessments since I opened my practice in 2017. I am contacting you because I need some assistance. I am applying for a contract with Maryland State to do psychological testing for the criminal justice system. I would like to hire psychologists or psych associates to do the testing and the psychologist to interpret the results. The contract is due on Wednesday, just found out about it! Unfortunately, you don’t have any times available on Tuesday or Wednesday morning. Would like to find out how to price hiring psychologists or psych associates. How many years of experience should I seek for the psychologist and/or associate? What are some of the things I should consider before submitting this contract? Would a newly licensed psychologist have enough experience to conduct forensic mental health evaluations or should I hire someone with more years of experience? How much should I charge for the tests needed for each of the forensic mental health evaluations? Will the prices vary significantly? I am just asking for a range.
Also, are there any digital evaluations that I can purchase? If so, what are some good ones on the market? how much do those digital evaluations cost (roughly)?
Author
I’ll email you a reply!