How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist...

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How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University

Transcript of How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist...

Page 1: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

How do you build a practice so that you can make a living?

Paul JerryRegistered Psychologist

Associate ProfessorAthabasca University

Page 2: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Basic Building Blocks 1

• Registration in your jurisdiction• Declared area(s) of competence

• Business plan• Business resources (accountant, lawyer)

• Vision• Passion

Page 3: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Basic Building Blocks 2Who are you going to serve? What are you going to do for them? How will

you get paid?

• Referral network• Collegial network

• Client base (who, what/why, where, how)• Services menu (translate clinical to business)

• Workflow & systems

Page 4: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

I’m set up... Where are my clients?

• Marketing• Contracts• Pay-as-they-go clients

• Reputation – professional psychology is a service industry. You are your service.

Page 5: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

What if there aren’t any clients?

• Population pyramids (answers “who are you going to see?”)

• Base rates (answers “what are you going to do for them?”)

• Combined... They may answer “how am I going to get paid?”

• Collegial distribution (answers “who else is seeing your clients”)

Page 6: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Start with the really big picture

Page 7: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Then look at your location

http://www12.statcan.gc.ca/census-recensement/2006/dp-pd/prof/92-591/details/page_Figure.cfm?Lang=E&Geo1=CSD&Code1=4801006&Geo2=PR&Code2=48&Data=Count&SearchText=Medicine%20Hat&SearchType=Begins&SearchPR=01&B1=All&Custom=&Profile=2000&Sex=Total

2006 Community Profile: Medicine Hat, Alberta: pop. 56,997

Page 8: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

(A brief comparison)2006 Community Profile: Brooks, Alberta: pop. 12,498

http://www12.statcan.gc.ca/census-recensement/2006/dp-pd/prof/92-591/details/page_Figure.cfm?Lang=E&Geo1=CSD&Code1=4802034&Geo2=PR&Code2=48&Data=Count&SearchText=brooks&SearchType=Begins&SearchPR=01&B1=All&Custom=&Profile=2000&Sex=Total

Page 9: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

How about here...

http://www12.statcan.gc.ca/census-recensement/2006/dp-pd/prof/92-591/details/page_Figure.cfm?Lang=E&Geo1=CSD&Code1=4611040&Geo2=PR&Code2=46&Data=Count&SearchText=winnipeg&SearchType=Begins&SearchPR=01&B1=All&Custom=&Profile=2000&Sex=Total

2006 Community Profile: Winnipeg, Manitoba: pop. 633.451

Page 10: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Base rate example: Depression

• Canada: 8% lifetime http://www.phac-aspc.gc.ca/publicat/miic-mmac/chap_2-eng.php

• Normal onset adolescence• Average age of diagnosis early 20s to 30s• Female:male – 2:1

Page 11: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Base Rates Depression Winnipeg

• Choose age band (25-44)• Generate an estimate (population in 25-44:

176 965)• Calculate estimate for depression prevalence:

(8% x 176 965 = 14 157)

Page 12: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Winnipeg: Male Population Winnipeg: Female Population

(Note: examine axes carefully on these tables)

Page 13: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Competition demographics

• Professional Literature• Regulator/Collegial surveys• Labour Market surveys• Stats on other professions

Page 14: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Are we in decline?NOC Title(s) Non-student

Employment (000s)1987

Non-student Employment

(000s)2005

Non-student Employment

(000s)2015

Past Growth 1988-2005

Future Growth 2006-2015

415Psychologists, social workers, counsellors, clergy and probation officers

60.1 121.0 141.3 4.0% 1.6%

(Yes)

http://www.rhdcc-hrsdc.gc.ca/eng/publications_resources/research/categories/labour_market_e/sp_615_10_06/page08.shtml

Page 15: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Psychologists: What do we know nationally?

Canada has 19,570 psychologists, 18,010 of whom report that they have a place of work in Canada (92.0%). A very high proportion of them work in Quebec (39.2%), although the Quebec population

represents only 23.8% of the population of Canada... The national average ratio of psychologists per 100,000 people is 58.

It is relatively common for psychologists to work in a sector other than health care or social assistance institutions, such as schools.

Accordingly, slightly more than 1 in 4 psychologists work outside health care institutions (26.8%).

http://www.statcan.gc.ca/pub/91-550-x/2008001/part-partie1-eng.htm

Page 16: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Psychologists’ practice setting: What do we know provincially (Alberta example)?

“Private practice is the most common primary practice setting, with 35% of respondents selecting it. This was followed by schools (14%) and hospitals (12%). ‘Other’ was selected by 4% of respondents.”

Other included a wide variety of activities (many of which could overlap with the above categories):

Blue Cross, child welfare, outpatient clinic/not hospital based, rehab, community health/mental health for government, develop and publish tests, EAFP/EAP, First Nations/Metis settlements, giving workshops, in home consulting, international aid organization, law enforcement psychology, management, media, military, organizational consulting, physician offices, private health clinic, Pro Bono clients, regulatory work, research and writing, school division head office, social services, treatment centre, Worker’s Compensation, writing books.

Report on the Continuing Competency Survey of Alberta Psychologists For the College of Alberta Psychologists, Woodhead Lyons Consulting Inc. 4 June 2007, p.1 .

Page 17: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Psychologists’ primary practice area: What do we know provincially (Alberta example)?

clinical/counselling 45%education/school 20%health 11% rehab 10% forensic 7%neuropsychology 4%industrial/organizational 3%

Some psychologists had more than one ‘other’ practice type. education 22%, clinical/counselling 20%, and health 20%

Report on the Continuing Competency Survey of Alberta Psychologists For the College of Alberta Psychologists, Woodhead Lyons Consulting Inc. 4 June 2007, p. 6-7 .

Page 18: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

So...

• Who are you going to serve?

• What are you going to do for them?

• How will you get paid?

Page 19: How do you build a practice so that you can make a living? Paul Jerry Registered Psychologist Associate Professor Athabasca University.

Resources

• Stats Can: http://www12.statcan.gc.ca/census-recensement/2006/dp-pd/prof/92-591/index.cfm?Lang=E

• DSM-IV-TR and literature reviews• Canadian Medical Association Journal:

http://www.cmaj.ca/home/review.dtl• Journal of the American Medical Association:

http://jama.ama-assn.org/collections/