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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). Changes in regulations, insurance requirements , and technology mean that practitioners must be proactive to meet the evolving needs of their patients and the industry as a whole.

Billing 105
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What Your Private Practice Operating Budget Should Look Like

Valant

There are a number of factors to consider, such as service fees, patient volume, and reimbursement rates from insurance providers. Key Components of an Operating Budget Overhead costs are the ongoing expenses required to maintain a practice’s operations, excluding direct patient care costs.

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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.

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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. Keeping up-to-date with changes in healthcare regulations is also essential.

HIPAA 102
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Meeting Psychiatrists’ Technical Needs: A Practice Owner’s Guide to EHR

Valant

In addition, it’s important to be able to obtain prior authorization from insurance and track prescription statuses. Telehealth Capabilities HIPAA-compliant telehealth capabilities allow you to treat patients remotely in individual or group therapy sessions.

Billing 98
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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.

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The Intersection of Healthcare Economics and Digital Transformation

EvidenceCare

Healthcare executives today are at the crossroads of managing rising costs, improving patient care, and navigating digital transformation. While public discourse often focuses on pharmaceutical companies and insurance plans, the reality is that the majority of healthcare dollars flow directly to providers.