Planning for Practice Growth
Starting your own practice is the dream of many mental health professionals. From the early days in a studio office or a workshare rental, it can be thrilling to help your patients with your own approaches to therapy and treatment, what happens when you outgrow that little office? How can you plan for growth and success as a practice? One of the first things to get a grip on is the lifeblood of a practice – how to handle the billing with mental health billing software.
Growing Needs for Mental Health Treatment
As mental health moves out of the shadows and onto the evening news, the demand is growing for all kinds of practices – family and child, trauma, postpartum depression, neuropsychiatry, and others. With this demand comes paperwork with insurance companies, coordinating billing with Medicaid, MediCare, and even the cash client. Various insurers and governmental agencies have different requirements for billing practices, and getting everything in order takes practice and patience. Getting your billing done in a timely manner means that they rent is paid on time, and that your payroll gets met for your employees when they time comes. Starting with a simple mental health billing software that doesn’t take an accounting degree assures that you’ll be able to track receivables with a high degree of accuracy.
Planning Your Time
Planning in practice has a number of aspects, but your clients have only one need – to be able to function in their daily lives. One in five people is living with some degree of mental health issue or illness. Getting them the help that they need is of vital importance, and so is being able to keep a new practice afloat. Plan time carefully, not just for patient appointments, but for doing billing, record keeping, and other vital practice needs.