#PTonICE Daily Show
Episode 1909 - Starting your own practice, pt. 2: 3 key steps following incorporation
Feb 6, 2025
Discover key strategies for launching your own rehab practice! Learn how to safeguard personal information after incorporation with smart mailing options. Transitioning to a Federal Employer ID Number (EIN) can streamline your business and keep your social security number private. Plus, securing a Type 2 NPI number is essential for efficient reimbursement and customer service. These vital steps will set your new venture up for success!
13:45
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Quick takeaways
- Changing your address to a secure option safeguards personal safety and privacy while ensuring compliance with regulatory requirements for your practice.
- Obtaining a Federal Employer Identification Number and a Type 2 NPI number establishes legitimacy and facilitates smoother insurance reimbursements for your newly incorporated practice.
Deep dives
Importance of Address Security
Changing your address from your personal home address to a more secure option is crucial for personal safety when starting a physical therapy practice. Using service options like a P.O. Box or a digital mailbox helps keep personal information private, thereby reducing the risk of unwanted attention and spam. While a P.O. Box may be inexpensive and easy to set up, it may cause issues with governmental or insurance documentation, as these entities typically require a physical street address. Utilizing services such as a UPS Box or a digital mailbox can provide an appropriate street address while maintaining compliance with regulations.
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