Financial Success in Mental Health Practice Essential Tools and Strategies for Practitioners

"For many independent mental health practitioners, having a profitable business and being an empathic clinician may seem mutually exclusive. In graduate training, little emphasis is placed on learning, refining, and mastering the business aspects of private or group practice. In fact, very few clinical doctoral programs provide any business or financial management training for future practitioners. In this volume, Steven Walfish and Jeffrey E. Barnett provide a comprehensive tool kit for practitioners to develop their business acumen and fully complement their extensive clinical training. The authors skillfully demonstrate that top-notch clinical expertise along with sound business practices is the winning combination for long-term success. Financial Success in Mental Health Practice shows readers how to market their practice, ensure its profitability, provide quality client service delivery, manage office overhead, implement effective accounting practices, handle commercial taxes and business expenses, navigate insurance claims and reimbursements, and plan for retirement. Written in an accessible and engaging style, this volume offers sample forms, letters, and fee schedules, as well as interviews with highly successful entrepreneurs and executive managers. This complete resource will equip the early career or seasoned clinician with the tools and strategies needed for a rewarding and fruitful career"--Jaquette (PsycINFO Database Record (c) 2009 APA, all rights reserved).