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RS
Feb 13, 2008 - 7:47PM
Insurance vs Cash Practice

Hi ... I'm a fellow in Child Psych and am looking into moonlighting ... The thing is that the private group that wants me to moonlight with them is heavily insurance-company dependent. My long term goal is to have a cash-only practice in child psych. The question is - can I take insurance under the 'umbrella' of the current company and then, when I open my own practice, will opening my own LLC (or even without an LLC) allow me to take cash only in my "own" practice? I hope that's a clear question ... Thanks!

Zip Code: 08831

a
Andrew Schwartz CPA
Feb 15, 2008 - 5:39AM
Re: Insurance vs Cash Practice

That's a great question. I meet with a lot of psychiatrists and psychologists each tax season, and I know that most try to deal with insurance companies as little as possible.

I'll make sure to ask my mental health clients about their experience with this issue, and get back to you when I find out some good info.

Zip Code: 01801

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