As a private practice owner, you’re accomplished in your area of professional expertise, but you also need some general business skills in order to succeed.  In fact, the success of your practice depends as much on how well you run the business as it does on how proficiently you perform in your specialty. Top Business […]

The word budget can feel “limiting”, but in reality, creating a budget leads to higher cash flow and the ability to meet the goals of your mental health practice more efficiently.  Let’s take a closer look at how to build and manage a budget and why it’s an essential tool for your mental health practice.  […]

As the owner of a mental health practice, your priority is helping your clients lead happier and healthier lives. Of course, you can’t serve your clients if your practice’s finances aren’t in order.  Likewise, building wealth for your mental health practice requires having a strong financial plan. With the right strategies in place, you can […]

Your mental health practice focuses on helping people – meeting with clients and understanding their behavioral health needs. You didn’t get into practice to spend hours on behind-the-scenes tasks like bookkeeping, invoice management, and price-setting. However, all that accounting work is a vital part of the job.  Setting your prices can be a complex process. […]

The focus of a mental health practice should be the well-being of the clients. But it’s important to focus on the financials also. A business that isn’t on sound fiscal footing won’t last long enough to make a true impact. The best place to start building a strong financial foundation is your cash flow. It’s […]