How to Build a Budget for Your Mental Health Practice | Sit and Stay Podcast скачать в хорошем качестве

How to Build a Budget for Your Mental Health Practice | Sit and Stay Podcast

Building a budget for your mental health practice isn’t just about tracking numbers—it’s about creating a plan that helps your practice thrive. In this episode of the Sit and Stay podcast, we talk through the key components of a practice budget, how to estimate revenue and expenses, plan for seasonal changes, avoid common mistakes, and use data like payer mix and RVUs to make better business decisions. Sit and Stay is presented by RipsyTech, an electronic health record company committed to addressing the mental health crisis in the United States. --- Join us in setting a new standard for mental health care, and we'll help you make your practice perfect. Book a free demo or business consultation: https://www.ripsytech.com/demo Facebook:   / ripsytech   Linkedin:   / ripsy-technologies   About RipsyTech: RipsyTech is a leading behavioral health EHR platform that provides a streamlined workflow, transparent patient outcomes, and simplified billing systems. RipsyTech empowers behavioral health professionals to deliver exceptional care while keeping their administrative workload to a minimum. 0:00 Introduction 5:55 What are the key components of a mental health practice budget? 16:30 What are the nuances of the components of a mental health practice budget? 20:05 How does accounting for salaries and benefits affect budgeting? 23:33 How do you prepare your budget for seasonal variability? 30:25 How can differing patient insurance reimbursements affect the budget? 34:06 How do you decide how to divide up your payer mix appropriately? 39:35 What budgeting mistakes should be avoided at all costs? 47:47 The Mental Health Business Moment Of The Week. 50:10 Conclusion