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Books > Medicine > Other branches of medicine > Psychiatry
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Money and Outpatient Psychiatry - Practice Guidelines from Accounting to Ethics (Hardcover, New)
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Money and Outpatient Psychiatry - Practice Guidelines from Accounting to Ethics (Hardcover, New)
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Designed for psychiatric clinicians of every profession (including
psychologists, psychiatrists, social workers, and nurses) as well
as for psychiatric educators and their trainees, Money and
Outpatient Psychiatry moves readers toward new, effective, and
money-wise practices. The book begins by offering a hands-on
approach to assessing money management issues in a professional
practice. Mikalac shows readers how to do an overall assessment of
their financial situation (including how to estimate how much money
must be earned to cover expenses) and how to plan for the
inevitable financial ups and downs of private practice. The
remainder of the first section deals with core issues such as legal
and ethical issues (patient contract; informed consent; ethical
principles for billing), accounting (understanding cash flow and
keeping proper records), and taxes (including how to select the
best form of business proprietorship). In the second section of the
book Mikalac covers larger matters that affect the financial health
of a psychiatric practice. Insurance, managed care, the effects of
drug companies, the role of; incentives, kickbacks, and other
potential conflicts of interest all of these have an impact of the
finances and stability of a practice. These issues are also often
of paramount importance to patients, but less often thought about
by the practitioner. The final part of the book discusses managing
money with patients. Mental health professionals need to know how
to discuss money and billing with patients, how to negotiate
patient fee reductions (and handle increases), how to manage
non-payment (how to avoid this happening as well as what to do when
it does), and issues of money transference. Mikalac offers
guidelines for how to be money-smart when it comes to working with
patients. Money and Outpatient Psychiatry is a resource for
psychiatric clinicians of every profession. Whether you are new to
private practice or have been working for years without a strong
financial plan, this book contains all the information you need to
make money matters easier and money management more efficient."
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