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

Author/Creator:
Walfish, Steven, author.
Publication:
Washington, DC : American Psychological Association, c2009.
Format/Description:
Book
1 online resource
Edition:
1st ed.
Status/Location:
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Other Title:
APA PsycBOOKS.
Subjects:
Mental health services -- Practice.
Mental health services -- Administration.
Mental health services -- Finance.
Medical subjects:
Mental Health Services -- organization & administration.
Practice Management, Medical -- economics.
Financial Management -- methods.
Private Practice -- organization & administration.
System Details:
Mode of access: World Wide Web.
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
Contributor:
Barnett, Jeffrey E.
ISBN:
9781433803741 (print ed.)
1433803747 (print ed.)
Access Restriction:
Restricted for use by site license.