Five Keys to Success

Recently, I was asked by the folks at PsychGiant to write an article on the things that have contributed to my success in building my private practice. Although much more could be said about this topic, here are five things that have played an important part of my success. Discipline – A main factor in …

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Why Re-Invent the Wheel?

Download Forms for Your Practice When I first started my practice, I spent a lot of time and energy trying to figure out what forms I needed (e.g., payment agreement, consent forms, etc). Many things I’ve read would say things like, “makes sure your form includes this and that”. Although this is useful information, I …

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Is Your Practice Ready for ICD-10?

Preparing for the Transition to ICD-10 Codes The transition to ICD-10 will occur on October 1st, 2014.  ICD, which stands for the International Classification of Diseases, is the worldwide standard for reporting diagnostic codes. ICD-10 is in its tenth edition and replaces ICD-9 which is now 30 years old. It is important to note that ICD-10 is …

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The New HIPAA Compliance Rule – One of Many Changes to Come

How does a $1.5 million dollar fine sound?  This is what you could be faced with for not complying with the new HIPAA Rules. In case you missed it, these new rules went into effect on September 23rd, 2013. The changes focus primarily on three areas: Privacy, Security, & Breach Notification policies and procedures Notice of …

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What is the Medicare Physician Quality Reporting System?

Understanding Medicare Reporting using PQRS The Medicare Physician Quality Reporting System (PQRS) is a voluntary reporting system, which provides incentive payments to eligible practitioners and practices. For 2013 and 2014 the incentive payment is .5% of allowed Medicare charges. It is important to note that although the program is voluntary now, providers who do not …

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Three Easy Ways to Begin Accepting Credit Cards & Online Payments

Being able to accept payments by credit card is a good way to keep your practice financially healthy. This is something that I talked about in my article on How to Improve Your Cash Flow. Perhaps you have been considering doing so, but you’re confused by the myriad of options available. Here are a couple of quick and easy …

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Learn How to Create Passive Income to Supplement Your Practice

If people with far less education than ours can develop successful products online, so can we! If you want to learn how it’s done, how it’s kept legal and ethical and how to maximize your efforts, the TeleMental Health Institute has just the class for you. It even comes with 6-CEUs — and it taught …

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DSM-5 Overview and Key Changes

DSM-5 (Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition) The American Psychiatric Association’s latest version of the DSM is in its fifth edition. The first change you will notice without opening the cover is that the five is denoted as a “5″ instead of the traditional roman numerals for prior editions. Subsequent revisions with …

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