Show Me The Money! Understanding Insurance Rates, Raises, and Resigning

Course completion & CE info

DESCRIPTION: The most frequent complaint psychotherapists have when working with insurance is the low reimbursement rates, which can be less than half of their normal fee. This issue alone leads many therapists to avoid contracting with insurance, or to resign.  While this is a major pain point, the vast majority of us don’t really understand how plans come up with their reimbursement rates, don’t know how to fight it when a rate drops, and most of us have never asked for a raise. In fact, many of us aren’t aware that raises are possible.

This webinar (appropriate for all therapists nationwide) will help you understand how insurance plans come up with their rates, how to fight rate changes, how to ask for a raise, and ethical and practical considerations when you resign from a health plan.

In this webinar, we’ll answer all your questions about money, including:

• How health plans determine reimbursement rates (and why your rate may be different than your colleague next door)
• Why we don’t (can’t?) band together to fight low reimbursement rates
• What’s going on with the recent and sudden rate drops for some out-of-network providers (aka The Data Isight Saga)
• Can you get a raise from a health plan? How?
• What to say in your raise request — and common mistakes
• What you should think about before resigning
• The steps you’ll need to take to resign (and some common mistakes that can be costly)
• How to ethically handle clients when you leave their plan

Target audience: This course is appropriate for all mental health professionals

Content level Introductory/Intermediate