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Doody's Review ServiceReviewer: Christopher J Graver, PhD, ABPP-CN(Madigan Healthcare System)
Description: An oft neglected part of neuropsychology training, or even psychology training in general for that matter, is the practical aspect of how to make a living providing these services. This book tackles neuropsychology as a business undertaking.
Purpose: The intention is to provide practical information about business practices in general and how they apply to neuropsychology. This stemmed from a presentation at the AACN annual meeting in 2008.
Audience: This book is intended for neuropsychologists.
Features: An introduction to general business practices that is quite accessible for readers who are completely new to the business world begins the book. It includes a description of types of businesses, business plans and strategies, budgeting, marketing, and competitor analysis. Issues and strategies for hiring various necessary personnel are provided, as well as descriptions of their functions and value. Other practical aspects, such as record keeping, HIPAA, and Red Flag Rules are explored. There is a no-nonsense chapter on billing and coding, which can be one of the biggest headaches for practitioners given the difficulties with insurance companies. Specific codes and descriptions are provided, along with a history of interpretation of these codes and their implementation for practical billing purposes. Precertification, professional versus facility fees, and RVUs are all included in a comprehensive overview of finances. The book wraps up with practical advice about how to market and present oneself, job searches, and negotiating that first job offer. Despite being a practically-oriented book, there are plenty of references and suggestions for further reading that support the author's information and recommendations.
Assessment: This book is essential reading for new neuropsychologists or soon-to-be graduates, as well as anyone contemplating the leap to private practice. The topics are honed specifically to the critical business aspects that cannot be ignored, but distilled to a level easily understandable to clinicians with no business expertise.