Practice Financial Health
Setting Goals for the New Year: A Guide for Therapists in Private Practice
Kickstart the new year with intention! Learn how therapists in private practice can set meaningful goals for professional growth, client care, and personal well-being using the SMART framework. Practical tips included!
The Risks of Using Peer-to-Peer Payment Apps Between Mental Health Professionals and Clients
Learn why peer-to-peer payment apps pose risks for therapists. Explore privacy, security, and compliance concerns, plus discover safer alternatives for protecting your practice and client confidentiality.
Top 5 Billing Mistakes Mental Health Therapists Should Watch Out For
Avoid costly billing mistakes in your therapy practice. Learn 5 common errors like incorrect CPT codes and late claims, plus actionable tips to streamline billing and boost financial health.
Glossary of Common Terminology in Mental Health Billing
Navigate mental health billing with ease! This glossary breaks down essential terms like CPT codes, EOBs, and superbills to help therapists streamline insurance and billing processes.
Safeguarding Success: What to Look for When Outsourcing Back-Office Support for Your Mental Health Private Practice
Discover key tips for outsourcing back-office support for your mental health practice. Learn how to evaluate expertise, data security, pricing, and more to streamline operations effectively.
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.
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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.