Should You Hire a Virtual Assistant
Things are starting to pick up speed. It was slow going at first. It took you a while to build your private therapy practice, but now you can finally see the fruit of your labor. You’re booking clients, bringing in more revenue, and making your mother proud.
The only problem is you can’t keep up with the rate of your growth. There are more calls coming in than one person can handle. You can’t do callbacks while doing sessions while doing bookkeeping.
Success is a happy problem to have, but you should address its associated problems sooner rather than later.
If the above sounds like you, or if you just feel like you’re always behind in the day-to-day functions of your private practice, this is the post for you. Below, we’re going to discuss why a virtual assistant may be the solution to your business dilemma.Read More
Tips to Finance Your Private Therapy Practice
It’s one of those questions that keep you up at night:
How do I finance my private therapy practice?
Whether you’ve been in business for years, or you’re just starting out and excited about hanging your shingle, finances will always be among your top concerns.
Let’s take a look at how you can raise funds to start a practice or to keep your practice afloat in lean times.Read More
Should You Select a Niche for Your Private Therapy Practice?
You started your private therapy practice to serve everyone, but by doing so, you could be spreading yourself way too thin. You’ll spend your time offering services that you’re really not passionate about.
Instead of working as a generalist, you can become a specialist and establish authority as an expert in your field. Below, we’ll discuss why it’s a good reason to niche your private therapy practice, and how to do it successfully.Read More
How to Hire the Best Private Practice Employees
The right people can make or break your private therapy practice.
It’s customer service, not price, that determines whether or not you’ll get repeat business. You may offer the best prices and have a killer marketing campaign that brings in scores of new clients, but without friendly, competent, and invested people on your staff, you’ll always be at square one… maybe even worse.
The good news is the right people are right around the corner. Let’s discuss how to find qualified, dedicated people who will benefit your private therapy practice.Read More
Does Your Practice Need a Checkup
What’s the financial health of your private practice?
Are you making money or losing it?
What expenses can you cut?
Is there any wiggle room in your budget to make new purchases?
If you’re not immediately ready with the answer to the above questions, you’ve come to the right post.
Right up there with offering incredible service and building loyalty with clients is knowing how much money you’re making or losing at any given time.
It’s not enough to know what your private practice made last year. You must know what it made last month, too. Armed with updated information about your finances, you can make changes that will positively affect your operating expense ratio.
Performing a financial checkup on your private practice may not be the most exciting thing you’ll do this week, but it will be one of the most essential. Right now, you probably dread the idea of taking a magnifying glass to your finances because you’re not sure where to start. Today, let’s change that. We’ll start at the beginning, detailing what you need to do immediately to ensure solvency.
Excited? Let’s do this!Read More
How to Market Your Therapy Services to Your Community
Marketing to your local community takes a multi-pronged approach. Recently, we discussed cheap and effective ways to market your private practice online. In this post, we’ll tackle offline strategies to reach your clients, too.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
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