MD Psych Juris study materials
MD Psych Juris study resources

MD Psych Juris: Fees, advertising, and business practices regulated by statute

MD Psych Juris · Work through your exam, one topic at a time.

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Fees, advertising, and business practices regulated by statute

Fees, advertising, and business practices

This domain tests the business side of practice: truthful advertising, clear fees, and prohibitions on exploitative arrangements. The Board regulates these areas as professional conduct.

Core rules

  • Fees must be disclosed in advance and must not be misleading. Avoid surprise charges and improper collection practices.
  • Advertising must be accurate and not false, deceptive, or misleading. Do not claim specialties you cannot document, guarantee outcomes, or use sensational testimonials.
  • Only licensed psychologists may use the title 'psychologist.' Unlicensed persons may not imply licensure.
  • Fee splitting for referrals and patient brokering are prohibited. Bartering requires a written agreement and must not exploit the client.
  • Business records and billing must protect confidentiality.

Worked example

A psychologist offers 'guaranteed anxiety cure in three sessions' and pays a physician $50 per referral. Both practices are risky: the guarantee is misleading, and the referral payment may violate fee-splitting rules. The psychologist should revise the advertisement and stop the payment arrangement.

Traps

Do not assume a disclaimer fixes a misleading ad. Do not let a collection agency disclose clinical information. Do not call a service a 'coaching' product to avoid licensure if it is actually psychotherapy.