Author: David Leichter
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12 Ways to Stay Organized in Your Private Practice
Running a private practice can feel like juggling a dozen flaming swords. Between client sessions, insurance claims, progress notes, and keeping a semblance of work-life balance, organization often feels like an afterthought. But staying organized is not just a “nice to have”; it’s the key to preventing burnout and giving your clients the best care…
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How Does Mental Health Billing Work?
Billing for mental health services isn’t just another administrative task; it’s a critical part of keeping your practice afloat. Between the specific billing codes, insurance headaches, and constant updates, getting it wrong can mean delayed payments or worse — denied claims. But with a solid understanding and a few best practices, you can navigate the…
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Managing Expenses in Your Mental Health Practice
Running a mental health practice is both rewarding and challenging. Beyond providing high-quality mental health treatment, managing the financial aspects is crucial to keeping your practice sustainable. Rising healthcare costs, coupled with the complexity of insurance reimbursements, make effective expense management essential for every mental health professional. Whether you’re launching a new practice or managing…
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Top Reasons Private Practices Fail: How to Avoid Them
Running a private practice is difficult — in addition to being a skilled clinician, you need to handle business owner responsibilities as well. Many private practices close their doors due to common mistakes that could have been avoided with proper planning and awareness. This article outlines the top reasons private practices fail and offers actionable…
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Why Is Accounting Important in Businesses?
Accounting is more than just a numbers game; it’s the very framework that supports every successful business. From guiding financial planning to ensuring regulatory compliance, the accounting function is the backbone that keeps businesses stable and thriving. Let’s dive into why accounting is essential and how it influences every aspect of a company’s operations. The…
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Financial Fundamentals: Build a Foundation for Success
Business owners understand that a solid grasp of financial fundamentals is non-negotiable. Without it, even the best-laid plans can crumble, leaving your goals out of reach and your long-term wealth in jeopardy. But with the right financial foundation, you can organize, manage, and scale your business effectively. Here’s how to establish those all-important fundamentals. Get…