A group practice is a portfolio of clinicians with wildly different economics, funded on a payer clock you don't control.
Mental health practice finance comes down to two structural facts. Almost all cost is clinician compensation, paid on a fixed schedule. Almost all revenue arrives on a payer-determined lag that starts only once a specific clinician is credentialed on a specific panel. Growth therefore consumes cash before it produces any, and blended reporting hides which clinicians carry the practice and which cost it money.
Looking for how we work with mental health practices rather than the underlying mechanics? Mental Health practices →
The guides
Mental health revenue cycle
The credentialing gap, authorization lapses, telehealth coding, and reporting by payer rather than in aggregate.
Cash FlowMental health practice cash flow
Modeling a clinician hire against the credentialing gap, and paying contractors on the right basis.
ProfitabilityMental health practice profitability
Utilization, payer mix, no-show rate, and why the blended number describes nobody.
Deferred RevenueMental health deferred revenue
Session packages, IOP enrollment, retainers, and the unused balance question.
Finance RolesMental health bookkeeper or CFO
Bookkeeper, controller, or CFO, and why contractor classification needs a named owner.
Growth & Sale ReadinessWhat a mental health practice is worth
What behavioral health buyers pay for, and the two issues that sink more deals than anything else.
The mental health toolkit
The checklists we actually use, what we ask for at intake, and what we check every month. Published in full, downloadable as Word files.
Diagnostics
General information for practice owners, not accounting, tax, legal, valuation or investment advice for your situation. MedPraxis CFO is not a CPA firm, a registered investment adviser, or a business broker. Talk to your own CPA, attorney or adviser before acting on anything here.