7 Mistakes Made By Seasoned Clinicians in Private Practice And What They Would Do Differently Now
New to private practice and needing some guidance? Well we’ve got some for you, along with advice from seasoned clinicians in private practice on the mistakes they wish they could have avoided when starting their practices.
Okay so let’s dive right into it.
Mistake 1: Not starting out with electronic health records (EHR) from the get-go.
Benefits of having electronic records for your mental health practice includes, but is not limited to, the ability to streamline scheduling, automated reminders for client sessions, clinical documentation, billing software, and revenue management and reporting.
Most recommended platforms for mental health professionals are:
Mistake 2: Renting an entire office
Do you work 24/7? No. So why sign a traditional 24/7 lease? Sharing an office space can lead to lower costs, fewer responsibilities, more networking opportunities, smaller commitments, and more support for you and your growing practice. Companies like b.mindful Louisville provide safe, clean, practical and modern offices for mental health and wellness professionals in private practice. By entering a community like this you will be provided with a like-minded support network, as well as all the furnishing and amenities to support your growing practice.
Mistake 3: Not networking
At its most basic form, networking is about building and maintaining relationships with people which may lead to a mutually beneficial exchange at some point in the future. Think about your ideal client and where they go, what they listen to, who they seek guidance from and build your networking strategy around that. These can be other therapists, physicians, other wellness providers, attorneys etc.
Mistake 4: Ignoring my finances
Not a lot of therapists come from a background in finance, so don’t shy away from seeking advice from professionals in order to keep your finances in order. Last thing you want is to get yourself into is financial struggles at the beginning of your private practice journey.
Mistake 5: Not filing for an LLC
In order to protect your personal assets, it is advised to keep your business and personal liability separate. One way to do this is to form a limited liability company. Talk with your advisors to see what will be best for your practice and learn more here about forming an LLC for your business.
Mistake 6: Not having an online presence
Online marketing should be at the top of our ‘to do’ list. It is one of the most cost-effective ways to reach thousands of people within seconds. Websites and social media platforms are excellent ways to target your ideal clients.