Financial success in mental health practice : essential tools and strategies for practitioners / Steven Walfish and Jeffrey E. Barnett.

Format:

Book

Author/Creator:

Walfish, Steven, author.

Contributor:

Barnett, Jeffrey E.

Language:

English

Subjects (All):

Mental health services--Practice.

Mental health services.

Mental health services--Administration.

Mental health services--Finance.

Mental Health Services--organization & administration.

Practice Management, Medical--economics.

Financial Management--methods.

Private Practice--organization & administration.

Medical Subjects:

Mental Health Services--organization & administration.

Practice Management, Medical--economics.

Financial Management--methods.

Private Practice--organization & administration.

Physical Description:

1 online resource

Edition:

First edition.

Other Title:

APA PsycBOOKS.

Place of Publication:

Washington, DC : American Psychological Association, [2009]

System Details:

Mode of access: World Wide Web.

text file

Summary:

"For many independent mental health practitioners, having a profitable business and being an empathic clinician may seem mutually exclusive. In graduate training, little emphasis is placed on learning, refining, and mastering the business aspects of private or group practice. In fact, very few clinical doctoral programs provide any business or financial management training for future practitioners. In this volume, Steven Walfish and Jeffrey E. Barnett provide a comprehensive tool kit for practitioners to develop their business acumen and fully complement their extensive clinical training. The authors skillfully demonstrate that top-notch clinical expertise along with sound business practices is the winning combination for long-term success. Financial Success in Mental Health Practice shows readers how to market their practice, ensure its profitability, provide quality client service delivery, manage office overhead, implement effective accounting practices, handle commercial taxes and business expenses, navigate insurance claims and reimbursements, and plan for retirement. Written in an accessible and engaging style, this volume offers sample forms, letters, and fee schedules, as well as interviews with highly successful entrepreneurs and executive managers. This complete resource will equip the early career or seasoned clinician with the tools and strategies needed for a rewarding and fruitful career"--Jacket. (PsycINFO Database Record (c) 2009 APA, all rights reserved).

Contents:

The mindset of the therapist : being a caring professional and earning a living are not mutually exclusive

You are a small business owner : think like an entrepreneur

Customer service and competence : the keys to financial success in independent practice

Models of independent practice

Office overhead : you have to spend money to make money

Loss prevention : increasing the likelihood you get paid by clients and insurance carriers

Understanding basic accounting and taxes

Understanding the insurance needs and options of the independent practitioner

To managed care or not to managed care : that is the question

How independent practitioners earn money

Attending to your finances : "what do you mean I don't get a pension?"

Closing your practice : financial implications and options.

Notes:

Includes bibliographical references (pages 241-255) and index.

Electronic reproduction. Washington, D.C. : American Psychological Association, 2009. Available via World Wide Web. Access limited by licensing agreement. s2009 dcunns

ISBN:

9781433803741

1433803747

Access Restriction:

Restricted for use by site license.