Course Description: The course is based on an excellent book by Monique Levermore, Ph.D.. The book provides a step-by-step guide for developing a successful private practice. The book is easy to read and details how the author built a successful private practice. According to the author “Most of the books that are available to inform about the business aspects of practice miss the mark by being either too focused on the business aspects or too focused on the caring aspects of clinical practice. The current text makes an effort to delicately combine the business information with clinical considerations in order to develop the type of practice that can be ethically sound, with business savvy providing effective intervention for clients and lucrative revenues for the practitioner. [This book will teach you] . . . how to create a business from scratch, develop it into a success and reap the rewards of smart decision making in building a revenue producing, effective helping profession practice. . . . Business is a dynamic process that is forever changing. Once you possess the basic principles necessary to manage the business aspects of practice then as things change around you, you can evolve to meet the challenge.”
This is an excellent resource for any clinician who wishes to develop a private practice. It lays the groundwork for dealing effectively with clients, peers and other professionals in the field. This is a particularly useful course for professionals who are seeking to develop and expand their private practice. Clinical training programs do not include the business training necessary to develop a thriving private practice.
Psychologists, social workers, mental health counselors and marriage and family therapists can benefit from this course. This course may also be helpful for other practitioners, such as midwives and dieticians and nutritionists who have a private practice. This course is appropriate for beginning, intermediate and advanced level practitioners who wish to engage in private practice and increase their revenue.
Author: Levermore, Monique
Learning Objectives: This course provides the practitioner with information about developing a successful private practice. Specifically, after completing this course, the participant will:
Distinguish the various legal structures for private practice and the benefits of each
Identify the essential elements of a strong business plan
Identify strategies for successfully marketing a private practice
Citation: Levermore, Monique and Levermore, Claudette. (2009). Business and Psychology: A Delicate Merger. ISBN # ISBN 978-0-9825270-7-8
About Getting Course Materials: The course material for this course is the book itself. The most convenient and easiest way to obtain this book is to purchase this book from the author’s website by clicking on the picture of the book or clicking on the Get Course Materials Link. Of course, you can borrow it from the library or from a friend, or you can purchase it at the local book store.
Credits: 4
Exam Fee: $30.00
Format: Book
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ASWB Approval Period: 1/5/08 - 1/5/11 Social workers should contact their regulatory board to determine course approval.
Social workers will receive 4credits for continuing education clock hours
in participating in this course. (* Please see course descriptions for ceu information, one ceu =
one continuing education clock hour)
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If you would like to take this course for your CE program, it is recommended that you:
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Exam Questions for Business and Psychology: A Delicate Merger
1. The skills presented in this text will be helpful in which of the following areas? Negotiating a salary in academia Writing grants Developing intervention programs All of the above 2. What is the first step to reaching goals? Clearly defining goals Keeping goals closely in view Changing goals as the situation warrants Putting goals in writing 3. Part-time college jobs should be diverse, but also . . . Consistent Clustered around a theme Directly related to clinical practice Extremely lucrative 4. Which of the following is an advantage to private practice for an emerging professional? Independence Flexibility Money All of the above 5. Which of the following is NOT a good way to reduce the financial strain induced by student loans? File Chapter 7 bankruptcy Get a dissertation fellowship Get a foundation center grant Work at a loan payback job in a critical shortage area 6. Which of the following is an important element of the niche area you choose? Challenging area of practice Intellectually stimulating Something you are good at All of the above 7. The type of legal structure chosen for your practice is related to: How you collect fees Your salary Management of the growth of your practice All of the above 8. Which of the following is an invaluable free resource for gathering business information about the area where a private practice is being started? Other professionals The United States Administrative Code The Internet U.S. Department of Labor 9. Which of the following is NOT one of the common business structures for private practice? Sole proprietorship Limited Liability Corporation Corporation Conglomerate 10. What is the first document needed when starting a private practice? Bank account State psychology license Contract with a Certified Public Accountant DBA form filed with the state 11. From which governmental jurisdictions might a license be required? State County City All of the above 12. What is the key disadvantage to sole proprietorship? Possible loss of control over business decisions Possible loss of tax breaks Limits in numbers of clients served Both a and b 13. If you decide to form a partnership with your graduate school friends, the legal structure you should choose is . . . Sole proprietorship S-Corporation Limited Liability Corporation C-Corporation 14. What type of liability is limited in an LLC? The liability of one partner for another partner The liability of one partner for his own actions The liability of the practice entity for any one partner The liability from any lawsuit filed by a client or former client 15. Which of the following is NOT an advantage discussed in the text for a novice professional of joining an established LLC? The opportunity to observe established professionals The opportunity to leverage the practice The opportunity to network with established professionals The opportunity to avoid all paperwork associated with entering practice 16. Each corporation must have a _____ from the federal government. Permit License Tax ID number DBA form 17. As compared to a C corporation, an S corporation typically has . . . More corporate shareholders Both individual and corporate shareholders Only individual shareholders None of the above 18. Which of the following professionals should be consulted while setting up your practice and its legal structure? Attorney CPA Local Better Business Bureau Both a and b 19. Which of the following is NOT one of the major types of insurance discussed in the text? Malpractice / liability insurance Errors and omissions insurance Business insurance Property / Contents insurance 20. What does vicarious liability mean? Watching someone else get sued for malpractice Indirect risk Avoiding being sued for your whole career The risk an insurer takes in granting you a policy 21. Which of the following is NOT a good source of information and guidance when developing a business plan? The American Bar Association SBA.gov The local Chamber of Commerce The Service Corps of Retired Executives (SCORE) 22. A vision statement should stand the test of time and . . . Contain your goals Identify the risks you are assuming by starting a business Weather all of the changes that your business will manifest All of the above 23. A mission statement contains which of the following? Goals Objectives Risks All of the above 24. Which of the following is NOT a portion of a business plan? Descriptive portion Action plan / Operational portion Executive summary Insurance portion 25. Which of the following is NOT an element of the operational portion of a business plan? Market analysis Legal structure Organizational chart Plans for employees 26. Which of the following is NOT listed in the text as a key to a successful business plan? Research Organization Proper syntax Analysis 27. What is the best way to market yourself without cost? Advertise on free Web boards Distribute business cards to everyone you meet Satisfy your customers so they tell their friends about you Advertise in free local newspapers 28. Targeting (as related to marketing) involves . . . Specific areas of practice Specific demographics Specific clients Both a and b 29. Fees are determined by . . . The professional The market The competition All of the above 30. What is the easiest way of generating money for your practice? Gaining clients through contracts Extending the length of stay of clients Cutting overhead costs as a way to increase profits Getting a grant
Business and Psychology: A Delicate Merger
If you would like to take this course for your CE program, it is recommended that you:
