Are you curious about the basic differences between practice types?  

  1. You own your own business.  You manage state and local business licenses, taxes, PLLC, etc.

  2. You withhold and pay your own corporate taxes, in addition to your personal taxes.

  3. You find and pay for your own health insurance.

  4. Sick days are unpaid.

  5. You do not get paid for parental leave.

  6. You seek out a consult group and other opportunities to build community.

  7. You cultivate referral sources from scratch.

  8. You fully vet your disclosures and you make sure the tech you are using is HIPAA-compatible.

  9. You do your own insurance billing.

  10. You pay rent and furnish your office, including buying a computer.

  11. You maintain your own professional license, CEU's, and professional malpractice insurance.

  12. There is no CEU fund.

  13. You own your business, so ultimately your income and satisfaction depends on your ability to manage clinical work, accounting, insurance billing, advertising, networking, and running a business.

Solo Private Practice

  1. You own your own business.  You manage state and local business licenses, formation of a PLLC, etc.

  2. You withhold and pay your own corporate taxes, in addition to your personal taxes.

  3. You find and pay for your own health insurance.

  4. Sick days are unpaid.

  5. You do not get paid for parental leave.

  6. Some contractor group practices offer a consult group, while others do not offer this.

  7. The group often has established referral sources.

  8. Entirely depends on the group.  Some help with creating disclosures and others do not.

  9. Group does your insurance billing.

  10. Some contractor group practices charge rent and others do not.  

  11. You maintain your own professional license, CEU's, and professional malpractice insurance.

  12. There is usually no CEU fund.

  13. Contractor groups can be structured in a variety of ways, some more collaborative than others.  

Group - Contractor

Catalyst Counseling

  1. As an employee, you wouldn't need to own or manage your own business. 

  2. You would receive a W2.  You would not need to manage tax withholdings.

  3. Health insurance for full time staff.

  4. You accrue sick time.

  5. As an employee, you could be eligible for Washington's paid family leave if you meet their requirements for number of hours worked.

  6. Catalyst offers a professional consultation group for building clinical skills and community.  We also offer monthly trainings on issues impacting our clients.

  7. Catalyst has established referral sources.

  8. Catalyst provides attorney-vetted disclosures and HIPAA-compatible tech.

  9. Catalyst does all insurance billing.

  10. Catalyst does not charge rent.  We provide desktop computers and Chromebooks.

  11. Each employee maintains their own professional license, CEU's, and professional malpractice insurance.

  12. There is a CEU fund, with the amount based on the number of clients seen.

  13. Our mission is to provide excellent client care in a truly supportive environment. You focus on the clients, and Catalyst provides the rest.