Author: David Leichter
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Retirement Planning for Therapists: What to Start Doing Now
Therapists face unique challenges when planning for retirement. Unlike traditional employees, many work in private practices, balancing therapy services with the administrative burden of running a business. Let’s dive into the specific hurdles and opportunities that mental health professionals encounter. Challenges specific to therapists in retirement planning Self-employed/private practice owners vs. W-2 employees Private practice…
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Ensuring HIPAA Compliance for Financial Records: A Guide for Therapists
HIPAA compliance is a cornerstone for mental health professionals. Protected Health Information (PHI), including financial records, must be managed securely to meet legal standards and maintain client trust. For therapists running private practices, this means handling patient records and financial information in a way that prioritizes privacy and complies with the law. Whether it’s safeguarding…
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Improve Work Life Balance: A Guide for Private Practitioners
Balancing a growing private practice and personal life isn’t easy for mental health professionals. As business owners, therapists often juggle client care, administrative tasks, and personal commitments, leaving little time for their own well-being. In this article, we’ll break down actionable strategies to help private practice owners achieve a healthier work-life balance without compromising professional…
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Goal Setting in Private Practice: A Guide for Success
Success in private practice requires intentionality, planning, and actionable steps. This applies whether you’re just starting or seeking to grow your established practice In this article, we’ll explore how private practice owners can set SMART goals, overcome challenges, and achieve sustainable growth while maintaining balance in their personal and professional lives. Why Goal Setting is…
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How to Increase Prices in Private Practices
Why raising rates is essential for your private practice Raising rates in a private practice is about sustaining the quality of care you provide and ensuring your practice remains financially viable. While discussing rate increases with clients can feel uncomfortable, it’s a necessary step to keep your therapy practice growing. Impact of inflation and…
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How to Build a Successful Private Practice as a Therapist
Starting a private therapy practice is both an exciting and challenging venture. While it offers therapists autonomy, financial opportunities, and the ability to provide tailored client care, it also requires careful planning and strategic thinking. From developing business skills to navigating the competitive market, the journey is not without its hurdles. In this article, we’ll…