It was a sunny Tuesday morning when Sarah, a highly skilled accountant at a mid-sized firm, walked into her manager’s office with a resignation letter. The news hit hard. Sarah was not just any employee; she was the go-to person for complex tax issues and a mentor to new hires. Her departure wasn’t just a […]
Essential Business Skills for Mental Healthcare Practitioners
Running a mental health practice involves more than providing excellent care to clients. It’s about mastering the business side to ensure sustainability, growth, and high-quality service delivery. Whether you’re a solo practitioner or managing a larger practice, these essential business skills can make a significant difference in your success. Financial management: keeping your practice profitable […]
How to Do Pricing in Your Mental Health Practice
Running a mental health practice isn’t just about helping clients navigate their emotional and psychological hurdles; it’s also about ensuring your practice thrives financially. Effective pricing strategies can make the difference between a sustainable practice and one that struggles to stay afloat. Let’s explore how you can set the right prices for your mental health […]
Using a Talent Gap Analysis to Address Employee Issues
In today’s dynamic business environment, accounting firms must continually adapt to changing market trends and evolving client needs. To maintain a competitive edge, it’s crucial to ensure that your workforce possesses the right skills and competencies. One effective way to achieve this is through a talent gap analysis. This strategic approach helps identify skill gaps […]
Employee Retention in Healthcare: Why is it Important?
What is employee retention? Employee retention is a workplace statistic that indicates the quality of the employee experience in a company. A high employee retention rate, which means employees stay at a company for long periods of time, is often a reliable sign that the company knows how to take care of its people. However, […]
Managing Cash Flow in Your Healthcare Practice
Imagine being a mental health professional where financial worries never overshadow your commitment to your clients. Managing finances is the key to making this a reality. Inconsistent insurance payments and unpredictable client attendance can disrupt your financial stability, but with the right strategies, you can maintain a steady flow of income and expenses. This article […]