Jan 16, 2020 | Business matters, Ethics and Regulations, Practice development
When adding a clinician to your practice, you need to consider financial, legal, ethical and tax implications. The following addresses four common "myths" or misassumptions about what is and is not permissible. For your best protection consult a tax attorney, an...
Jan 1, 2020 | Business matters, Ideas, Practice development
When setting goals for your private practice this year, you are more likely to succeed if you have a structured plan. One such plan is SMART goals. Coined in 1981 by George T. Doran (1935-2011) in an article in Management Review, the acronym stood for: S - Specific M...
Dec 12, 2019 | Business matters
According to the U.S. Federal Reserve, credit card use has been on the rise for several years, and credit and debit cards have surpassed cash and checks as preferred forms of payment. If you do not yet accept credit card payments in your practice, the small percentage...
Oct 15, 2019 | Business matters, Critical thinking, Ideas
The mentors who have provided guidance in your professional life include not only professors, advisers, consultants and others in structured arrangements, but also those "accidental" mentors who influence your thinking and your actions, perhaps without their even...
Jun 15, 2019 | Business matters, Office procedures
If you're in solo practice with a full schedule and a steady stream of referrals, you might be thinking about adding an associate. This would bring extra income into your practice and enable you to take more time off. But before you start your search for an associate,...
Apr 26, 2019 | Business matters, Ethics
A question that comes up frequently in our consultations with mental health professionals: "I'm thinking of bringing another clinician into my practice. I can't afford to pay a full-time salary. Some of my colleagues who run group practices get a percentage of each...
