Business Strategies
Business strategies and techniques to continue building and growing your practice.
Putting Business into Practice
by Corporate Relations/Business Strategy and Communications Staff
The business of practice is growing increasingly complicated. Developing a business mindset can help psychologists thrive in today's marketplace.
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Streamlining Your Office Operations
by Corporate Relations/Business Strategy and Communications Staff
Organize your time and office space to work smarter, not harder. Learn how to get more done in your office in less time.
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Get Ready Now to Sell Your Practice
by Corporate Relations and Business Strategy Staff
When psychologists retire, relocate or shift their focus to a new professional activity, few consider selling their practices. By simply "closing down shop," they miss valuable opportunities that can benefit their clients, the community and the next generation of professional psychologists.
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Are You Protected? Insuring Your Office Practice
by Corporate Relations and Business Strategy Staff
May 31, 2006 -- An adequate insurance program that covers potentially large losses is an essential component of a financially sound psychology practice.
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Hiring Administrative Staff: A Basic Overview
By Corporate Relations and Business Strategy Staff
November 1, 2005 -- Whether your administrative support needs involve a part-time billing clerk or a full-time office assistant, taking some simple steps to organize your hiring efforts can help you get the right person for the job.
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Making the Best Use of Your CV
By Corporate Relations and Business Strategy Staff
October 11, 2005 -- Keeping your curriculum vitae (CV) current helps you monitor your career development and evaluate your progress toward professional goals. This article outlines how to develop an effective CV over the course of your career and tailor it to specific professional opportunities.
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Making Business Decisions Following a Disaster
by Corporate Relations and Business Strategy Staff
September 20, 2005 -- Following a disaster such as Hurricane Katrina, psychologists in affected areas may struggle not only to rebuild their homes and communities and support those in need of services, but also to make difficult business decisions about their practices in an environment often marked by uncertainty. This article highlights important business considerations related to rebuilding a practice in the aftermath of disaster.
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Strategies for Finding Professional Opportunities
by Corporate Relations and Business Strategy Staff
August 19, 2005 -- Whether entering the marketplace, making a career transition, or looking for a way to diversify your professional activities by taking another part-time position, finding the right job opportunity is an important part of your career development.
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A Framework for Evaluating New Practice Opportunities
by Corporate Relations and Business Strategy Staff
April 12, 2005 -- Are you thinking about diversifying your practice or offering new services to meet emerging needs? Using a systematic approach to evaluate a potential practice opportunity can help you consider important issues related to launching a new service, facilitate effective decision-making and increase the likelihood of success in the new venture.
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Put It in Writing: Your Office Policies and Procedures
by Corporate Relations and Business Strategy Staff
March 29, 2005 -- Having clear, well-documented office policies and procedures is essential to running a successful psychology practice. Your policies and procedures are a tool for managing the risk inherent in running a business.
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Practitioners Tap Into the Self-Pay Market
by Communications Staff
March 15, 2005 -- Frustrated with managed care and seeking to diversify their revenue, practicing psychologists are finding ways to incorporate non-insurance-based services into their practices. Meet three practitioners who have successfully tapped into the self-pay market.
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Checklist for Closing Your Practice
by Corporate Relations and Business Strategy Staff
March 15, 2005 -- Whether you are relocating, making a career change, taking a new position, or winding down and retiring, closing a practice brings with it a variety of clinical, ethical, legal, and business obligations. Advance planning can help make this a smooth process and minimize the likelihood of unforeseen difficulties.
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Six Tips for Handling Insurance Claim Denials
by Communications and Corporate Relations & Business Strategy Staff
March 1, 2005 -- Even practitioners who take precautions to avoid insurance payment pitfalls sometimes face insurance claims denials. This article offers basic tips for dealing with denied insurance claims.
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Insurance Claims 101: Avoiding Common Payment Pitfalls
by Communications and Corporate Relations & Business Strategy Staff
February 1, 2005 -- Beyond outlining how the claims process is supposed to work, this article provides tips for avoiding errors and delays and for handling actions taken by payers that can plague the claims process.
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Teaming Up: Pointers on Successful Collaboration With Physicians
by Communications and Corporate Relations & Business Strategy Staff
February 1, 2005 -- There are growing opportunities for psychologists to collaborate with primary care and other physicians. Experienced practitioners offer their insights about how to build effective professional relationships with medical doctors.
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Things I Wish I'd Learned in Grad School
by Tori DeAngelis
January 1, 2005 -- Experts advise new psychologists on finances, office politics and professional growth.
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Learn to Speak the Language of Business
by Corporate Relations and Business Strategy Staff
November 23, 2004 -- There are many benefits for practitioners who understand and communicate effectively about business issues such as billing, contracts, and marketing. Learn some basic ways to build your knowledge base in this area.
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Paid in Full: Tapping Into the Self-Pay Market
by Corporate Relations and Business Strategy Staff
November 9, 2004 -- Faced with marketplace and other factors, some psychologists are looking to incorporate more self-pay services into their practice. Learn who pays out-of-pocket and how to tap into the self-pay market.
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Avoiding Administrative Overload: Four Strategies
by Corporate Relations and Business Strategy Staff
October 12, 2004 -- Learn approaches to managing the administrative demands of your practice that can save you time and money.
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Renting v. Buying Office Space: Pros, Cons, and Tips
by Corporate Relations & Business Strategy and Communications Staff
September 28, 2004 -- If your lease is up soon, the size of your practice has recently changed, or you’re just starting a practice, you may be looking for new office space.
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Important Issues in Supervision
by Corporate Relations and Business Strategy Staff
September 14, 2004 -- This article identifies legal, ethical and administrative considerations to help you approach supervision of psychologists-in-training in an organized manner.
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10 Tips for Selling Your Practice
by Corporate Relations and Business Strategy and Communications Staff
August 16, 2004 -- Selling a psychology practice can be a difficult process. But by approaching it with diligence, attention to detail, and willingness to compromise, you’re likely to find the rewards are worth the work.
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Is Your Practice Client-Friendly?
by Corporate Relations and Business Strategy Staff
June 8, 2004 -- In a competitive health care marketplace, it helps to stand out from the crowd. You can gain an advantage by having a “client-friendly” practice, in addition to providing quality services.
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Using Practice Consultants to Your Best Advantage
by Corporate Relations and Business Strategy Staff
March 11, 2004 -- Many practitioners have the occasion to use a consultant - whether for an ongoing practice management function such as accounting, or for a one-time project. It’s worth the effort to determine carefully how to select and make optimal use of a consultant.
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Your Business Plan: Steps to Success
by Corporate Relations and Business Strategy Staff
February 13, 2004 -- For many practitioners, creating a business plan is the necessary first step in charting a path to successful practice. A plan can help you establish and achieve professional goals, among other uses.
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Evaluating Your Insurance Claims Procedures
by APA Practice Directorate
Updated in December, 2003 -- The health insurance claims filing and payment process has a significant impact on the financial health of a psychology practice. Following are some pointers for reviewing how you handle health insurance claims procedures and determining whether any changes may be in order.
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How to Expand a Psychosocial Program
by Melissa Dittmann, Monitor Staff
March, 2003 -- Col. Larry James, PhD, chief of the department of psychology at Walter Reed Army Medical Center, has developed and installed psychosocial programs for treating obesity and eating disorders throughout the military.
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Avoiding Contractual Pitfalls
by Lisa Rabasca, Monitor Staff
February, 2000 -- An increasing number of psychologists are entering into contractual agreements and need to be cautious.
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Shutting Down a Practice
by Jennifer Daw Holloway, Monitor Staff
February, 2003 -- Psychologists face legal, ethical and emotional issues when they close their practice doors.
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