Therapists often hit a ceiling with insurance reimbursements, unaware they can proactively request rate increases to boost their income without adding more clients. We explore a step-by-step process for negotiating higher rates with insurance providers, including specific strategies to showcase your professional value and expertise.
• No insurance company will voluntarily offer you a rate increase—you must be proactive
• Call your provider first to learn their specific process for requesting increases
• Create a formal letter highlighting new credentials, specializations, and increased value
• Include specific financial challenges like inflation's impact on your practice costs
• Request specific amounts ($20 more per session or 10-15% increase) for each CPT code
• Make rate increase requests part of your regular business rhythm (every 6-12 months)
• Persistence is key—if rejected, try again every few months as circumstances change
Head to www.therapybusinesspod.com to learn how our team can help organize your practice finances and support your growth.
Reimbursement Letter Template
Other sources:
Simple Practice Blog by BARBARA GRISWOLD, LMFT
Meet with one of our coaches
*Intro/outro song credit:
King Around Here by Alex Grohl
