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10 steps to starting a strong mental health practice

This post suggests a six-month lead-time before the Launch Day. I am quite aware that for most, the lead-time turns out to be less. And for most, it works out just fine though perhaps … See more

Actived: 7 days ago

URL: https://growingourpractice.com/10-steps-to-starting-a-mental-health-practice/

How to construct a psychotherapist employment contract …

WEBPreamble: Define your mission. The contract spells out the legal name and the mission of your organization. Furthermore, the agreement presents a summary of …

Category:  Health Go Health

Finding your community: The location and space

WEBSpace and location. These are one of the first decisions new practice owners make. In many ways, it is all about the location and then the spaces you have within that …

Category:  Health Go Health

Follow the money: Therapist pay in private practice

WEBPrivate practices have two ways of managing the money from there. In some cases, the income from all sources is deposited by the therapist into the therapist’s bank …

Category:  Health Go Health

How to increase therapist pay in private practice

WEBStructural changes that increase therapist pay. 1. Hire help to answer the phone while you are busy or in session. 2. Add appointment slots for clients to schedule, …

Category:  Health Go Health

How to sell a mental health practice

WEBSteps to selling a mental health practice. 1. Build a practice that is independent of the owner. In other places, I have repeatedly said that the value of a …

Category:  Health Go Health

Human resources in mental health practices

WEBOf course, human resources is also about the process of recruiting, interviewing, hiring, and managing staff. I have written about those topics in these posts: …

Category:  Course Go Health

How to grow consistent community marketing: …

WEBTable of contents. An overview of a Community Connection Plan. A systemic consistent method. Trusted Advisors are best. Putting it together. Example 1: A First …

Category:  Health Go Health

How To Value A Mental Health Business

WEBAdding Value and Exiting from Ownership. In this section, we look at two interconnected aspects of practice building: How to add value to your practice so that is more robust, …

Category:  Health Go Health

Supporting practice owners with experienced tailor-made …

WEBMeet David. I began building a mental health private practice in 1983. When I sold the practice at the end of 2018, we had 40 active clinicians and 10 support staff working in 3 …

Category:  Health Go Health

How to estimate your private practice income

WEBThe basic financial formulas are pretty simple. And even those with a math phobia can grasp the concepts well enough. One basic financial formula for estimating …

Category:  Health Go Health

How to build excellence into your current staff

WEBConsider the following ways to think about staff development. First, we want our staff to develop into more mature and healthy people. And we want that growth to …

Category:  Health Go Health

Survey results: Therapist wages and benefits from 40 practices

WEBInterestingly, 26% of practices pay 50% of collections (6 of 23), 26% paid 55%, and 26% paid 60%. Therefore, 78% of our respondents pay independent …

Category:  Health Go Health

Estimating the value of a mental health business

WEBConsequently, Net Income is multiplied by a “ multiple of earnings ” to estimate the value of the practice. Usually, this multiple is between 3 to 5 times Net …

Category:  Health Go Health

How to calculate a psychotherapist's private practice pay

WEBThe basic formula for calculating psychotherapist pay. (No of Sessions) x (Collections Rate) x (No of Work Weeks) = (Gross Receipts) – (Expenses) = (Gross …

Category:  Health Go Health

How to reinforce your branding messages

WEBAligning all the aspects of your branding message. When we put it all together, and we have a robust and consistent message then we will grow. So here is …

Category:  Health Go Health

How to build a full-time caseload

WEBA full-time therapist with a full-time caseload. Hence developing a full-time caseload is, first, a matter of planning conservatively. Then working diligently on your …

Category:  Health Go Health

Psychotherapy office space: Rent, lease, or purchase

WEBSecondly, deciding whether to rent, lease, or purchase psychotherapy office space is mostly about finding terms that work for your short to mid-range goals. So if it …

Category:  Health Go Health

Wealth in mental health–Why isn’t there more

WEBConclusion. Knowing that there is little wealth in mental health helps us understand the context of outpatient mental health. Most of us got into these …

Category:  Health Go Health

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