PY 712 - Business Issues in Professional Practice

(3.00 cr.)

Introduces students to business issues in the professional practice of psychology. Topics covered include business models of independent private practice, insurance and managed care paneling, reimbursement, and other contracts. Additional topics include advertising, internet presence, individual or group practice considerations, state licensing laws, professional wills, liability insurance, and short and long-term disability insurance for private practitioners. Students explore rates of reimbursement for self-pay and insurance clients, costs of starting a private practice, and develop a business and marketing plan. Students also explore areas of niche specialization and investigate the feasibility of pursuing this niche based on their research.

Sessions Typically Offered: Spring
Years Typically Offered: Annually