When many people imagine a therapy practice, they think of a single provider’s office. However, this individualized approach is not the only way. You could also run a group practice.
Group Private Practices Explained
A group private practice is a clinic where multiple providers work under one organization. You may co-own the business with another therapist, or one person could be in charge while employing other providers under the same umbrella.
Whatever the specifics, a group private practice is a more collaborative approach than running a solo practice. Individual providers still care for their own clients, but they share resources and responsibilities. Administrative, non-clinical staff will also work with all the therapists involved in the group practice.
Benefits of a Group Private Practice
There are many advantages to running a group private practice. It’s easier to grow your therapy practice when pooling resources with other providers. Everyone can bring in existing clients and referrals, and you may be able to afford a larger facility or to employ more non-clinical staff when putting financial resources together than you could on your own.
You may also have the benefit of greater peer support. Working with other providers makes it easier to get second opinions or solve problems together, while maintaining therapist-client privilege. This collaboration can lead to a higher standard of care.
Managing costs and administrative work is also easier in a group setting. When one person isn’t responsible for everything, it’s possible to accomplish more in less time.
Considerations for Working in a Group Private Practice
At the same time, running a group private practice requires a few unique considerations. You should carefully think through the financial implications of a group practice before transitioning, as billing will work differently. Any transition may involve a shift in clients and the information you can store, too.
Some therapists may prefer to have more autonomy, too, especially over business decisions. Working in a group setting inherently means giving up some of this decision-making authority.
Make the Most of Your Group Practice
If you think a group private practice is right for you, Owl Practice can help you in the transition and when managing the organization. Our platform has several group practice features to simplify the operation, including shared calendars, compliant record-keeping, and secure internal messaging.
You can take a tour of Owl Practice or reach out today to learn more. We are happy to help you see how our platform can simplify your group practice operations.
