This activity is composed of two-part sessions for RFMs and ECPs. The first session for RFMs will provide an overview of the different types of private practices, discuss the pros and cons of being in a private practice, and determine if a private practice is required or meets the needs of the practitioner. The activity will feature speakers from rural, suburban, and urban practice settings, all of whom will discuss their personal and professional experiences in a private practice. The second session is aimed for ECPs and will discuss malpractice/ liability insurance for private practice. The session will also discuss how to effectively negotiate contracts, self-pay or insurance pay, documentation, coding and billing, HIPAA, OSHA, and compliance standards.

**This content was captured for the 2020 APA OnDemand product and may reference information from various sources and terminology from previous editions of the DSM.

Course References

• Lazarus, Jeremy A., M.D., Entering Private Practice: A Handbook for Psychiatrists, 2005

Learning Objectives

• Describe the characteristics of private practice in both urban and rural settings.
• Define malpractice insurance and describe how it relates to private practices.
• Contract and negotiate processes for a private practice.
• Cite the methodology of insurance, billing, coding, and documentation in a private practice.
• Define the HIPAA, OSHA, and Compliance standards within a private practice.

Target Audience

Psychiatrists, Residents/Fellows

Estimated Time to Complete

Estimated Duration: 75 minutes
Begin Date: April 1, 2021
End Date: April 1, 2024

How to Earn Credit

Participants who wish to earn AMA PRA Category 1 Credit ™ or a certificate of participation may do so by completing all sections of the course including the evaluation. After evaluating the program, course participants will be provided with an opportunity to claim hours of participation and print an official CME certificate (physicians) or certificate of participation (non-physicians) showing the completion date and hours earned. 

Continuing Education Credit

The American Psychiatric Association (APA) is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians. 

The APA designates this enduring CME activity for a maximum of 1.25 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.

Faculty and Planner Disclosures

Program Presenters

• Jeremy Lazarus, M.D., President, American Medical Association, Reports no financial relationships with commercial interests.
• Anne Huben-Kearney, R.N., Assistant Vice President, AWAC Services, Reports no financial relationships with commercial interests.
• Marcia Brauchler, M.P.H., President, Physicians' Ally Inc., Reports no financial relationships with commercial interests.
• Karen Gross-Covelli, Senior Credentialing Manager, Physicians' Ally Inc. Reports no financial relationships with commercial interests.

Program Planners

• Tristan Gorrindo, M.D., Chief, Division of Education, American Psychiatric Association. Reports no financial relationships with commercial interests.
• Katie Putnam, Membership Development Specialist, American Psychiatric Association. Reports no financial relationships with commercial interests.
• Ally Brown, Senior Instructional Designer, Online Learning, American Psychiatric Association. Reports no financial relationships with commercial interests.

Accessibility for Participants with Disabilities

The American Psychiatric Association is committed to ensuring accessibility of its website to people with disabilities. If you have trouble accessing any of APA’s online resources, please contact us at 202-559-3900 for assistance.

Technical Requirements

This internet-based CME activity is best experienced using any of the following:

• The latest and 2nd latest public versions of Google Chrome, Mozilla Firefox, or Safari
• Internet Explorer 11+

This Web site requires that JavaScript and session cookies be enabled. Certain activities may require additional software to view multimedia, presentation, or printable versions of the content. These activities will be marked as such and will provide links to the required software. That software may be: Adobe Flash, Adobe Acrobat Reader, Microsoft PowerPoint, and Windows Media Player.

Optimal System Configuration:

• Browser: Google Chrome (latest and 2nd latest version), Safari (latest and 2nd latest version), Internet Explorer 11.0+, Firefox (latest and 2nd latest version), or Microsoft Edge (latest and 2nd latest version)
• Operating System: Windows versions 8.1+, Mac OS X 10.5 (Leopard) +, Android (latest and 2nd latest version), or iOS/iPad OS (latest and 2nd latest version)
• Internet Connection: 1 Mbps or higher

Minimum Requirements:

• Windows PC: Windows 8.1 or higher; 1 GB (for 32-bit)/2 GB (for 64-bit) or higher RAM; Microsoft DirectX 9 graphics device with WDDM driver; audio playback with speakers for programs with video content
• Macintosh: Mac OS X 10.5 or higher with latest updates installed; Intel, PowerPC G5, or PowerPC G4 (867MHz or faster) processor; 512 MB or higher RAM; audio playback with speakers for programs with video content

For assistance: Contact educme@psych.org for questions about this activity | Contact learningcenter@psych.org for technical assistance