Dr. Jeremy Sharp on How to Have a Co-Located Practice | GP 58

co-located practice, group practice advice, grow a group practice

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Are you considering adding testing to your private practice? What type of testing should you consider for the benefit of your clients and your practice? Are there benefits to co-location that are better than maintaining your practice as a single entity?

In this podcast episode, I speak with Dr. Jeremy Sharp about how to have a co-located practice and he shares some insights for starting testing in your practice.

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Meet Dr. Jeremy Sharp

Dr. Sharp is a licensed psychologist and Director at the Colorado Center for Assessment & Counseling, a private practice that he founded in 2009 and has grown to about 20 clinicians and staff.

As the host of the Testing Psychologist Podcast, he provides private practice consulting for psychologists and other mental health professionals who want to start or grow psychological testing services in their practices.

He lives in Fort Collins, Colorado with his wife (also a therapist) and two kids.

Visit his website and connect on Facebook.

In This Podcast

Summary

Tips for starting testing in your practice
Practice values
The co-location practice

Tips for starting testing in your practice

Figure out what you need at your practice in terms of testing because there are many possible niches to choose from.

Pediatric assessments seem to always be in demand. I think there’s a need for adult testing as well … but a lot of adult neuropsychologists more than pediatrics seem to be in hospital settings or medical clinics … so there’s a big market in private practice for pediatric assessment. (Dr. Jeremy Sharp)

Testing and insurance or cash-pay: There are issues with testing and insurance-pay because either the insurance does not approve the number of hours needed for testing and therefore some clinicians work for free, or the insurance simply does not pay well for testing.

In this case, there is a clear opportunity to incorporate private-pay testing in your private practice.

Practice values

Have fun.
Be kind.
Strive for balance and inclusivity.
Live with intention.
Present authentically.
Invest in yourself and others.
Get your shit done.

The co-location practice

I think that’s such a win-win on so many levels … you have a built-in stream of referrals … you don’t have to maintain your own office and all the expenses that come with it, and then the pediatrician’s office is probably thrilled that you’re there because they need places to send their patients. (Alison Pidgeon)

The arrangement that Dr. Sharp has with the pediatrician’s office is that he pays rent for the space that they use, which includes utilities and is all-inclusive.

There’s some literature out there around this whole process of co-locating and the different levels … we do share some recourses with them but we have our own EHR and all the billing and everything happens under our practice. (Dr. Jeremy Sharp)

Another bonus of the co-location with the pediatrician’s office is that Dr. Sharp’s private practice has spent almost nothing on marketing because the pediatrician sends them all their referral patients.

Useful Links:

Meet Alison Pidgeon

Alison is a serial entrepreneur with four businesses, one of which is a 15 clinician group practice. She’s also a mom to three boys, wife, coffee drinker, and loves to travel. She started her practice in 2015 and, four years later, has two locations. With a specialization in women’s issues, the practices have made a positive impact on the community by offering different types of specialties not being offered anywhere else in the area.

Alison has been working with Practice of the Practice since 2016. She has helped over 70 therapist entrepreneurs start and grow their businesses, through mastermind groups and individual consulting.

Thanks For Listening!

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