This multi-course series will cover topics that the presenters learned from their own experiences launching new private practices. This webinar will discuss budgeting, planning, and procuring a location, equipment, furniture, utilities, systems, employees, and supplies. We will cover many of the daunting and surprisingly difficult questions encountered while trying to complete the financial assumptions and startup expenses estimates of a business plans. This course series is sponsored by CareCredit.
Please note: You may earn ABA Tier 1 credits for this course if you complete it as part of the course 35473, "Marrying a Private Practice Series." Course 35473 contains recordings of all six events from our 2020 series on Private Practices. ABA Tier 1 CEUs can be earned only when all modules are completed as part of course 35473.
Course created on June 17, 2020
- After this course, participants will be able to list the specific costs in an audiology start-up practice.
- After this course, participants will be able to describe services the start-up practice will be providing.
- After this course, participants will be able to calculate break-even and explain profit margin.
|0-5 Minutes||Introduction and Learning Objectives|
|5-15 Minutes||Financial Projections overview|
|15-20 Minutes||Regulation Considerations|
|20-25 Minutes||Services Selection|
|25-45 Minutes||Location & Equipment|
|45-55 Minutes||Furniture, Utilities & Supplies|
|55-65 Minutes||Systems, processes & patient management|
|75-85 Minutes||Calculating Break-even & determining profit margins|
|85-90 Minutes||Summary, Q & A|
Alicia Spoor, Au.D. is the Audiologist and President of Designer Audiology, LLC in Highland, MD. She earned her Doctor of Audiology degree from Gallaudet University in 2006. After being employed at the Mayo Clinic Arizona and two Maryland-based private practices, she opened her own practice in 2014. Dr. Spoor is the Past President for the Academy of Doctors of Audiology and Legislative Chair for the Maryland Academy of Audiology. Dr. Spoor was named the first recipient of the Craig W. Johnson Advocacy Award from the Academy of Doctors of Audiology in 2015.
Julie Link, Au.D., is the President and owner of The Audiology METHOD. She founded her practice to provide prevention and early intervention to working professionals. Dr. Link is passionate about destigmatizing hearing loss and hearing aids. She has spoken locally and nationally and is a past board member for the Colorado Academy of Audiology and previously served on the ADA’s Practice Accreditation Task Force.
Julie Link: Financial: Julie Link is the owner of The Audiology METHOD. She received an honorarium for this presentation. Non-financial: Julie Link has no non-financial disclosures.
Sponsor Disclosure: This Course is presented by AudiologyOnline, and sponsored by Care Credit.
Content Disclosure: This learning event does not focus exclusively on any specific product or service.
Course participation information
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Passing an online exam and completing a course evaluation will be required to earn continuing education credit.
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To participate in the course, complete the exam and course evaluation, and earn continuing education credit, you must be a AudiologyOnline member. Participants must complete the entire course; partial credit is not allowed.
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American Academy of Audiology
AudiologyOnline is approved by the American Academy of Audiology to offer Academy CEUs for this activity. The program is worth a maximum of 0.15 CEUs. Academy approval of this continuing education activity is based on course content only and does not imply endorsement of course content, specific products, or clinical procedure, or adherence of the event to the Academy's Code of Ethics. Any views that are presented are those of the presenter/CE Provider and not necessarily of the American Academy of Audiology.
Australian College of Audiology
AudiologyOnline courses are approved for Continuing Education Points by the Australian College of Audiology. Automatic ACAud Approval Number 20000. This course is offered for 1.5 CEP.
Association of Hearing Instrument Practitioners of Ontario
The Association of Hearing Instrument Practitioners of Ontario (AHIP) represents and guide its members in their practice which include, the testing and selecting, fitting and dispensing hearing instruments and associated devices in the best interest of the hard of hearing of Ontario. Audiology Online is an approved provider of approved educational activities for AHIP Members. One hour of coursework equals 1 Continuing Education Unit (CEU).
American Speech-Language-Hearing Assn.
0.15 ASHA CEUs
British Academy of Audiology
This course has been accredited with 1.5 CPD point/s by the British Academy of Audiology.
Canadian Academy of Audiology
The Canadian Academy of Audiology (CAA) supports and assists its members in the attainment of continuing education towards an individual professional development plan as required by their Provincial Regulatory Colleges and Provincial Associations. Audiology Online is an approved provider of educational activities for CAA members. Each hour of activity may be counted as one Continuous Learning Activity Credit (or equivalent) as allowed by the applicable regulatory college or association.
International Association for Continuing Education and Training
continued, LLC, DBA AudiologyOnline, is accredited by the International Association for Continuing Education and Training (IACET). continued complies with the ANSI/IACET Standard, which is recognized internationally as a standard of excellence in instructional practices. As a result of this accreditation, continued is authorized to issue the IACET CEU. continued, LLC, is authorized by IACET to offer 0.2 CEUs for this program.
International Hearing Society
This program is approved by the International Hearing Society and its educational committee, the International Institute for Hearing Instruments Studies. To learn more about earning IHS CE Credit, click here.
New Zealand Audiological Society
This course is offered for 2.0 Continuing Education points through the New Zealand Audiological Society.
Speech-Language & Audiology Canada
Clinically certified members of Speech-Language & Audiology Canada (SAC) can accumulate continuing education equivalents (CEEs) for their participation with AudiologyOnline. One hour of coursework equals 1 CEE. All SAC members are encouraged to participate in on-going education.