To take insurance or not...that is the question

[Guest guest]

Hello, everyone.

I've been learning a lot since I joined the group a few weeks

ago...wish I had more time to just read older messages! I opened my

solo practice almost 1 year ago and I'm at a crossroads. I have one

employee and a fairly big mortgage/loan payment, so overhead is about

$8000/mo. I'm cash only and had slow but steady growth through October,

but alas, the last 2 months have been terrible! I was on the verge of

breaking even in Oct but now I'm really hurting. The last of my loan

funds are almost gone, so I may not be able to pay my bills soon. I'm

in a rural area and people complain all the time about paying $99 for a

new pt (30min) visit (and est pt fees are less). I think I may have to

take some insurance just to survive, but I am just shuddering at the

thought! I've heard it takes about 6 mo to break even if taking

insurance, and longer going cash only. Can anyone give me any

guidelines on how long it might take? Or have others had to give up and

take insur contracts again? (it feels like I'm the runaway slave going

back to the master...) Any advice is appreciated!

Gretchen Reis