Practice Financial Health
How to Transition To a Private Pay Therapy Practice
Transitioning to a private pay therapy practice is a big step, allowing therapists to focus on client care without the complexities of insurance. From clarifying motivations to creating strategic policies and marketing, there are key steps to ensure a smooth shift. Here’s a guide to help you navigate the journey and make informed choices for a sustainable, client-centered practice.
The Benefits of Client Portal Card Entry for Therapists and Clients
Streamline payments and reduce administrative stress with client portal card entry. This feature enables clients to securely store payment info, facilitating quick, hassle-free transactions for future sessions. Discover how client portal card entry benefits both therapists and clients, improving cash flow, ensuring data security, and enhancing the overall therapeutic experience.
How to Inform Your Clients About What It Means to Hit Their Deductible
Learn how to educate your clients on health insurance deductibles and their impact on therapy costs. This guide offers mental health professionals practical tips to help clients understand deductibles, maximize end-of-year benefits, and plan therapy expenses with FSAs, HSAs, and insurance tracking tools.
How Therapists Can Save Time with Automatic Payments in an EHR System
Discover how therapists can streamline billing and save hours every week with automatic payment features in an EHR system like Owl Practice. From reducing manual invoicing to improving cash flow, learn how automating payments can enhance your practice's efficiency and give you more time to focus on your clients.
Raising Your Rates? Notify Clients with This Free Template
Thinking of raising your rates? This guide walks you through how to notify clients effectively with a free email template. Learn why adjusting rates can be a smart move for your practice, when to announce it, and best practices to ensure smooth communication. Make this transition easy, professional, and transparent to maintain strong client relationships.
The Top 18+ CPT Codes Used by Mental Health Professionals
Easily reference the top 18 CPT codes used by mental health professionals, along with commonly used add-on codes for evaluation and management, and psychotherapy.
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A Therapist’s Guide to Navigating the Summer Slump
Whether you are new to private practice, or you’re a seasoned veteran – deciding how you’re going to take advantage of the summer slump can help set yourself up for success once business picks up again!
6 Tips for Filing Taxes as a Therapist
Tax season wouldn’t be complete without exasperation, confusion, and a light touch of panic, would it? Filing taxes as a private practice therapist means taking special care to ensure that you’re filling out the correct forms and claiming as many tax deductions for therapists as you can.
Year-End Book Keeping Checklist for Therapists
Streamline year-end bookkeeping with our checklist for therapists. Manage invoices, set goals, and reflect on achievements with Owl Practice’s easy-to-use tools.