Author: David Leichter
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Outsourcing Bookkeeping for Therapists: A Guide to Streamlining Your Practice’s Finances
Therapists often juggle a full plate: managing client schedules, providing quality care, and keeping up with administrative work. It’s no surprise that, for many, bookkeeping quickly overwhelms them, especially when accuracy and compliance with tax and healthcare regulations are at stake. With limited time and the need to prioritize patient care, bookkeeping can fall by…
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Tax Planning for Therapists: An In-depth Guide
Tax planning for therapists can feel like a maze of rules, deductions, and deadlines. Therapists, especially those in private practices, need to navigate these complexities not only as health professionals but also as business owners. From reducing taxable income to understanding deductible expenses, every choice can impact what you owe (or save) when tax season…
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Financial Habits for a Successful 2025
The beginning of a new year presents a perfect opportunity to rethink your financial habits and set yourself up for success. Whether you’re an established therapist, a mental healthcare practitioner, or a small business owner, practicing smart money habits is crucial to improving your financial health and planning for your future. Let’s dive into some…
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Top Billing Software for Therapists: What to Look For and Key Recommendations
Billing software for therapists simplifies the entire billing process and enhances administrative efficiency. For mental health professionals, managing billing is more complex than simply sending invoices. It is a tedious process that involves insurance claim submissions, HIPAA compliance, and accurate record-keeping. Ideally, you would want these administrative tasks as streamlined as possible — in other…
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Essential Payroll Management Strategies for Therapy Practices
Running a therapy practice means balancing the needs of your clients with the administrative tasks that keep your business running smoothly. One of the most critical responsibilities is payroll management. Ensuring your payroll process is streamlined and compliant with all payroll regulations is essential for maintaining financial health and keeping your therapists happy. Here’s how…
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Accounting Workflow for Mental Healthcare Practices
If you want to manage a mental health practice, you must provide great care while handling the financial side with precision. From billing insurance companies for therapy services to keeping track of diagnosis codes, insurance claims, and proper reimbursement, a well-organized accounting workflow is essential. Mental health professionals often juggle complex billing practices, insurance provider…