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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 […]

You opened your mental health practice to provide your clients with quality care, not to become a business finance expert. Yet, the ability to grow, hire, and create the time to provide the best possible care relies on making the numbers work. Uncovering financial insights takes time. Time you don’t have. However, it’s essential and […]

If you’re responsible for hiring in your practice, it’s vital that you know what staffing needs are on the horizon. Obviously, you don’t have a magic ball to let you know for sure what will happen, but a talent gap analysis can enable you to predict upcoming requirements and determine how best to address them. […]

When finding qualified staff is an issue in your industry, it’s vital you do what you can to hold onto your top employees. The healthcare industry–including mental health providers–isn’t immune to staff shortages. In fact, there are a number of reasons that lead to a lack of staff in the healthcare industry, including government regulations, […]