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Provide Options when Setting Fees in Private Practice Fixed point in time: Some people raise their fees every one or two years at a fixed point in time. For example, a therapist may choose to increase fees slightly every two years in September.
Price increase letter sample #2 Hi [Customer Name], This letter is to let you know that as of [month, day, year] we will be increasing our prices by [percentage] due to [material and supplier increases/demand/new service packages]. This means your invoice for [services] will increase from [old price] to [new price].
Because of [reason for price increase], [company name] will institute a [percentage] increase in our rates, effective [effective date]. We thank you for your understanding and support in helping us grow alongside you. Please feel free to contact us with any questions, concerns or comments.
It's much easier to send a letter, but the best way to inform a client of a rate change is to tell them in person. Practice what you want to say before the meeting, so you can keep it informative and professional. Explain that you'll be sending further details through the post/via email.
Raise in Slow but Steady Increments A big mistake that many therapists make is to raise rates inconsistently. Some therapists simply put off a rate increase until they can't manage any further and then eventually raise their rates. This is a problem, because the rate hike is usually uncomfortable for the clients.