Market Your New Services to Existing Clients
You’ve created a new service for your private practice and, like everyone else, you’re obsessed with getting new clients. It’s an endless effort to bring in fresh faces and convince them to try your services. Sometimes you succeed, sometimes you don’t, but you never stop trying.
What if I were to tell you that there’s an entire group of people you’re missing with your marketing? These are people who have proven that they will buy from you, but they aren’t given the time of day with your current marketing plan.
That’s right– I’m talking about your existing clients.
Your existing clients are more valuable than the prospective ones. Existing clients already trust you and will buy from you if you let them.Read More
Educate Prospective Clients on the Need for Mental Health Services
You entered the mental health field to help folks who need your services, but sometimes you encounter a block. Whether you’re combating a social stigma attached to receiving mental help or helping someone justify the cost of self-pay therapy, you have your work cut out for you. In order to build your client base, breaking down these walls means avoiding a few common private practice mistakes.Read More
How to Save Yourself from Self-Employment Taxes
They say the only two things guaranteed in life are death and taxes, but at least death has the decency to only happen once– taxes, on the other hand, show up year after year. With tax season upon us, you’re probably taking a serious look at your taxes. But if you’re new to self-employment tax, you may not know where to start.
That’s where we come in. In this post, we’ll introduce you to the self-employment tax and what to expect during your first year of filing. We’ll also share some helpful tips for saving money for your private practice along the way.Read More
What the New Medicare Act (S. 1830) Mean for Private Practice?
Do you accept Medicare Part B in your private practice? If not, it’s probably because you didn’t think you could, and you may be right. Currently, Medicare Part B is closed to thousands of mental health care professionals. However, there’s a new bill that hopes to change that soon.
Last summer, a bill was introduced to the Senate that has the power to change the way mental health care is administered to the elderly. That bill is called S.1830 Seniors Mental Health Access Improvement Act of 2015.Read More
Find the Right EHR for Your Practice
Are you still keeping paper-based health records? Don’t worry, you’re not alone. In fact, at least a third of all medical practices have not gone digital. That number fluctuates depending on your speciality and practice size. It turns out that smaller practices are less likely to use electronic health records (EHRs).
But with so many positives that come with using EHRs, should you consider it for your private practice? Is going digital right for you and your clients? And, if you do go digital, what are the best practices for keeping electronic health records?Read More
Should You Implement a Self-Pay Strategy?
Interested in implementing a private-pay strategy for your private practice? At first glance, the idea seems to teeter on blasphemy. Is it really possible to not accept insurance and deal only with self-paying clients 100% of the time?
The answer is yes. In fact, it’s a growing trend that a lot of practices are now embracing – forgoing managed care for a more direct relationship with clients.
Of course, there are pros and cons to a self-pay strategy. Below, we’ll dive into the particulars and help you decide if this strategy will work best for your private practice. Let’s discuss the pros first.Read More
What Are the Penalties Associated With Not Submitting PQRS Codes?
If you accept Medicare Part B Fee for Service (FFS) patients, there are a lot of rules you must follow precisely to avoid penalties in the future. Don’t worry– we’re here to help you each step of the way. In this post, we’ll discuss everything you need to know about PQRS and what penalties, if any, you may face for failing to comply. Let’s jump right into it.Read More
How to Price Your Services without Overcharging
This may sound radical, but you should get paid what you deserve. You work hard, you’re an expert at what you do, your clients love you. Why are you charging peanuts?
On the other hand, your clients come to you expecting great service at competitive rates. Even if you provide top quality service, you may end up losing clients if you overcharge them. An unsteady economy has everyone clutching their purse strings just a little closer– including you.Read More
Administrative Mistakes that Will Close Your Practice
When it comes to running a successful therapy practice, there are a lot of factors to consider. One major area that often slips under the radar is the administrative side of the business. After all, when you were dreaming of opening your own practice, you probably weren’t excitedly thinking about client information sheets and organizational systems.
Just because it’s not the most passion-inducing part of the business doesn’t mean it’s unimportant. Administrative errors can end up being costly if you aren’t paying careful attention. Here are some of the most common mistakes you’ll want to avoid in your practice.Read More