Private practice startup cost calculator
A telehealth-only solo practice usually costs about $1,000 to $6,500 in the first year, and most land near $2,500 to $3,500. An office adds about $500 to $3,000 a month. Start from telehealth only or with an office, then change any line to your own quotes.
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What's included
| Item | Typical cost |
|---|---|
| Business entity filing | $0 to $500 depending on state |
| Malpractice insurance | About $400 to $900 a year |
| General liability insurance | About $300 to $600 a year, for an office |
| EHR (notes, scheduling, billing) | About $30 to $100 a month |
| HIPAA-ready email and phone | About $20 to $65 a month |
| Domain name | About $15 to $25 a year, bought separately from any website option |
| Psychology Today profile | About $30 a month |
| Bookkeeping software | About $15 to $40 a month |
| CE and license renewal | Varies by state and license |
| Office rent | About $500 to $3,000 a month; $0 for telehealth only |
| Office furniture and soundproofing | One time, if you'll have an office |
| Website you build yourself | About $200 to $450 a year |
| Website from a designer | Often $1,000 to $5,000, plus hosting |
| Website with Well Launched Launch | Included in the plan, hosting included |
| EIN and NPI | Free |
These are ranges from published pricing and industry sources, so get your own quotes. For three full budgets and where people overspend, see how much it costs to start a private practice.
How to use it
- Start from telehealth only or with an office.
- Choose how you'll get your website.
- Replace any line with your own quotes.
- Add your fee to see how many sessions cover your costs.
Frequently asked questions
How much does it cost to start a private practice?
A telehealth-only practice usually costs about $1,000 to $6,500 in the first year, with most landing near $2,500 to $3,500. An office adds about $500 to $3,000 a month in rent.
What are the required startup costs for a therapist?
Malpractice insurance, an EHR, and HIPAA-ready email and phone. Your EIN and NPI are free. A business entity costs $0 to $500 depending on your state.
How much does a therapist website cost?
About $200 to $450 a year if you build it yourself, often $1,000 to $5,000 with a designer, or included with Well Launched's Launch plan, which designs, builds, and hosts it for you.
How many sessions does it take to cover startup costs?
Divide your first-year total by your fee. At about $3,500 and a $150 fee, roughly 24 sessions cover the year's startup costs.
Business education, not financial or tax advice.