Financial Success in Mental Health Practice: Essential Tools and Strategies for Practitioners / Edition 2

Financial Success in Mental Health Practice: Essential Tools and Strategies for Practitioners / Edition 2

by Steven Walfish, Jeffrey E. Barnett
     
 

ISBN-10: 1433803747

ISBN-13: 9781433803741

Pub. Date: 08/15/2008

Publisher: American Psychological Association

In this volume, authors Walfish and Barnett provide a comprehensive toolkit for practitioners to develop their business acumen and fully complement their extensive clinical training. Without question, top-notch clinical expertise in addition to sound business practices are the winning combination for long-term success.

Financial Success in Mental Health

Overview

In this volume, authors Walfish and Barnett provide a comprehensive toolkit for practitioners to develop their business acumen and fully complement their extensive clinical training. Without question, top-notch clinical expertise in addition to sound business practices are 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 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.

Product Details

ISBN-13:
9781433803741
Publisher:
American Psychological Association
Publication date:
08/15/2008
Edition description:
New Edition
Pages:
344
Product dimensions:
6.90(w) x 10.10(h) x 1.00(d)

Table of Contents

Preface

Acknowledgments

Principles of Private Practice

I. Mental Health Professionals' Attitudes Towards Money and Business

1. The Mindset of the Psychotherapist: Being a Caring Professional and Earning a Living Are Not Mutually Exclusive
2. You Are a Small-Business Owner: Think Like an Entrepreneur
3. Customer Service and Competence: The Keys to Financial Success in Independent Practice
II. Nuts and Bolts of the Finances of Practice

4. Models of Independent Practice
5. Office Overhead and Practice Expenses: You Have to Spend Money to Make Money
6. Loss Prevention: Increasing the Likelihood You Get Paid by Clients and Insurance Carriers
7. Understanding Basic Accounting and Taxes
8. Understanding the Insurance Needs and Options of the Independent Practitioner
III. Building Your Practice

9. To Managed Care or Not to Managed Care: That Is the Question
10. How Independent Practitioners Earn Money
IV. Building A Retirement

11. Attending to Your Finances:"What Do You Mean I Don't Get a Pension?"
12. Closing Your Practice: Financial Implications and Options
References

Index

About the Authors

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