Category: Managing Your Practice

Evaluating Credit Card Processors

April 9, 2021

Accepting credit card payments is a necessary part of business even in the behavioral health field. Your business might have a mix of clients including those who pay a co-payment, those who pay out-of-pocket, or those who may never pay you directly. No matter what the mix, you want to provide an exceptional client experience…
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Psychology magazine on table with glasses & bowl of fruit

March 26, 2021

In pursuit of continued self-education within the field, many psychologists and therapists turn to magazines, podcasts, and other timely resources to stay up to date on the ever-changing field of psychology and behavioral health. A quick Google search, however, can return an overwhelming number of results online, and professionals in all industries can find themselves…
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Outcome Measures 101

March 15, 2021

Outcome measures have been talked about in the behavioral health field for over 20 years yet only 18% of psychiatrists and 11% of psychologists in the US routinely use outcome measures (Fortney, Sladek, & Unützer, 2015). There is a lot of evidence that suggests that using outcome measures to track and provide feedback on patient…
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Negotiating Reimbursement Rates

February 18, 2021

With reimbursement rates always under threat, behavioral health practitioners in private practice might find themselves at a disadvantage when negotiating higher rates. Larger organizations can afford to hire third-party negotiators to handle it for them but as the person wearing all the hats, you might not know where, how, or when to start. Many behavioral…
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outgrowing your EHR system

January 22, 2021

What is a Private Practice Business Plan? A private practice business plan is a document that acts as the backbone of your business model and is a crucial step in establishing your mental health practice. Business plans are truly the foundation for any business, and are important for setting benchmarks to measure success. It’s a…
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Updated CPT Codes for 2021

January 22, 2021

What Your Behavioral Health Practice Needs to Know You’ve likely heard about the recent changes to the CPT code set and are wondering what it means for your behavioral health practice. How will these modifications affect your coding practices? Are there any immediate actions you need to take? Is there anything you need to do…
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Cures Act

December 23, 2020

Frequently, we are asked “Can my practice be compliant with Cures Act when using Valant?”. The short answer is Yes. Here, we’ll explain what Cures Act is and what you need to know when evaluating EHR software for your behavioral health practice.   What is the Cures Act? The 21st Century Cures Act (Cures Act)…
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November 24, 2020

The Substance Abuse and Mental Health Services Administration, a division of the United States Department of Health & Human Services, predicts a nationwide shortage of 10,000 to nearly 50,000 mental health professionals by 2025 if the current trends continue. The predicted shortage includes marriage and family therapists, mental health counselors, psychiatrists, and psychologists. The rumors…
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Webinar: Boosting Clinical Productivity and Automating Payroll Calculations

November 20, 2020

When it comes to defining the right key performance indicators (KPIs) to track for your behavioral health practice, it can be hard to know where to start. One of the KPIs that is important for every practice to measure is clinical productivity, as it can have a direct and significant impact on your bottom line….
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November 2, 2020

Business plans act as the foundation for any type of business and are important for setting benchmarks to measure success. But how do you write a business plan for a mental health private practice? Valant takes a look at the components of a business plan and translates it into an easy-to-use framework for both mental…
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