Financial Success in Mental Health Practice

by Walfish, Steven

• ISBN13: 9781433803741
• ISBN10: 1433803747
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-08-01
• Publisher: AMERICAN PSYCHOLOGICAL ASSOCIATION

Summary

"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 is packed with sample forms, letters, and question lists and also includes fee schedules, key principles of private practice, and 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."--BOOK JACKET.

Author Biography

Jeffrey E. Barnett is a Professor on the Affiliate Faculty in the Department of Psychology at Loyola College in Maryland. Steven Walfish is currently a Clinical Assistant Professor, Department of Psychiatry and Behavioral Sciences, Emory University School of Medicine.

Table of Contents

Principles of Private Practice
Mental Health Professionals' Attitudes Toward Money and Business	p. 1
The Mindset of the Psychotherapist: Being a Caring Professional and Earning a Living Are Not Mutually Exclusive	p. 3
You Are a Small-Business Owner: Think Like an Entrepreneur	p. 11
Customer Service and Competence: The Keys to Financial Success in Independent Practice	p. 29
Nuts and Bolts of the Finances of Practice	p. 51
Models of Independent Practice	p. 53
Office Overhead and Practice Expenses: You Have to Spend Money to Make Money	p. 81
Loss Prevention: Increasing the Likelihood You Get Paid by Clients and Insurance Carriers	p. 113
Understanding Basic Accounting and Taxes	p. 153
Understanding the Insurance Needs and Options of the Independent Practitioner	p. 165
Building Your Practice	p. 181
To Managed Care or Not to Managed Care: That Is the Question	p. 183
How Independent Practitioners Earn Money	p. 197
Building a Retirement	p. 211
Attending to Your Finances: "What Do You Mean I Don't Get a Pension?"	p. 213
Closing Your Practice: Financial Implications and Options	p. 229
References	p. 241
Index	p. 257
Table of Contents provided by Blackwell. All Rights Reserved.