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Running Your New Practice: 4 Functions to Consider Outsourcing and Hiring For

Valant

There are four critical functions that practitioners should evaluate for outsourcing or hiring: billing, payroll, insurance credentialing, and human resources (HR). Efficient billing ensures timely reimbursement for services provided, essential for maintaining cash flow and sustaining practice operations.

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Meeting Psychiatrists’ Technical Needs: A Practice Owner’s Guide to EHR

Valant

Additionally, if your EHR can collect payment before patients join a session, you can save providers the hassle of asking for it before, during, or after the session. Billing and Coding Support A good EHR can help you avoid common billing errors for a smoother, more dependable revenue cycle.

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What Your Private Practice Operating Budget Should Look Like

Valant

Key Components of an Operating Budget Overhead costs are the ongoing expenses required to maintain a practice’s operations, excluding direct patient care costs. EHR systems handle administrative tasks, improve patient care coordination , and simplify compliance. The value an EHR provides outweighs the investment.

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Opening Your Own Practice vs. Working at a Group Practice: Pros and Cons

Valant

This level of control allows you to create an environment that reflects your priorities for patient care. You can decide to specialize in certain treatment methods or set up your practice to be more welcoming and accessible to specific patient groups. These responsibilities consume time you could otherwise spend with patients.

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The Impact of Falling Interest Rates and Lower Inflation on Your Behavioral Health Practice

Valant

Expectations of falling interest rates and lower inflation earlier in the year have come to pass, and these changes can have significant implications for behavioral health practices, affecting everything from operational costs to patient care. This could lead to improved efficiency in billing and collections processes.

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Transitioning to In-House Billing for Mental Health Services

Valant

For behavioral health practices, transitioning to in-house billing for mental health services can be extremely beneficial. In-house billing can boost efficiency, reduce spending, improve revenue streams, and simplify compliance—even with ever-evolving regulations. What inefficiencies exist? What areas can be improved?

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Navigating the Transition from Clinical to Administrative Roles in Behavioral Health Practice

Valant

While clinical roles focus on direct patient care, administrative roles are geared toward strategic decision-making and understanding sustainable growth. As a clinician, your primary focus is on patient care and therapeutic outcomes. Provide ongoing training and development opportunities to help them grow.

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