Category: General
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How to Evaluate and Analyze your 2022 Budget
The budget for your mental health practice is an essential aspect of your business and at the beginning of each year, you make a plan for your money and your business by creating a budget. But it can be challenging to know where to start when it comes to evaluating and analyzing your budget. It’s…
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Creating and Reaching Goals in Your Mental Health Practice
With the growing demand for mental health services, it is increasingly important that you have a strategy to create and reach goals in your mental health practice. Goals are targets the company plans to achieve in a specific period and gives the business direction for its path to success. Therefore, goal setting is essential for…
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Building The Right Reports for Your Mental Health Practice
Financial reports are an essential part of running a business and part of the foundation for financial success. They are also a great source of information for measuring your success and adjusting your strategy. But what core financial reports do you need for your mental health practice, and why do they matter? Financial statements or…
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5 KPIs for Your Mental Health Practice
Your priority is always the mental health of your clients. But as a business owner, to reach your goals, you need to have a method for measuring your progress. One way to do this is to track the right KPIs for your mental health practice. KPIs are industry and company-specific, so it’s important to know…
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Creating a Budget for Your Mental Health Practice
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. …
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5 Financial Reasons to Offer Telehealth Services
Telehealth has become a huge industry, and it’s one that many organizations in a variety of healthcare sectors are turning to. With the ability to access remote care becoming more important to clients and patients, there are also financial benefits to offering telehealth services. Here are five ways telehealth could be financially beneficial for…