50% of a psychologist’s salary is covered through fee-for-service revenue because psych CPT codes do not reimburse at the same level as medical

Statistic Info

That leaves the other half of a psychologist’s revenue to be made up from managed care contracts, private practice fees, and any additional services they can offer. This can make it difficult for psychologists who are just starting out or do not have a large patient base to generate enough income. Even when psychologists do have an established practice, their fee-for-service reimbursements may still lag behind those provided for medical CPT codes.

Author: Behavioral Health Business