Practice Finances
Resources to help you manage your practice finances.
Visit the "Working with Medicare" section to learn tips on working successfully within the Medicare system.
Speaking of Money …
by Corporate Relations and Business Strategy Staff
Psychologists may view their clients’ financial worries as appropriate grist for the therapeutic mill. Yet some may not stop to think about how their own feelings about money affect their practice and their efforts to achieve professional goals.
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Taking Charge of Your Practice
Corporate Relations and Business Strategy Staff and Communications Staff
If your clients regularly ask if they can pay for your services with a credit card, and if you would like to increase the speed and efficiency of your payment collections, you may be interested in accepting credit card payments in your practice. In deciding whether the option is right for you, it is important to consider the cost and the administration involved.
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End-of-the-Year Tax Preparations and Financial Planning
Corporate Relations and Business Strategy Staff
Now is a good time to take some simple steps that can improve your finances and lower your tax bill for 2006. This article presents some basic ways to maximize tax deductions and shore up your finances for the coming year.
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5 Tips to Get Ready for Tax Day
by Communications and Corporate Relations & Business Strategy Staff
February 14, 2006 -- Are you taking important steps to finish your 2005 business tax return before the April 17, 2006 filing deadline? This article offers five tips for checking to see if your federal tax filing is on track.
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End-of-the-Year Tax Preparations and Financial Planning
by Corporate Relations and Business Strategy Staff
December 13, 2005 -- April 15 is still four months away, but now is the perfect time to take some simple steps that can improve your finances and lower your tax bill. This article presents some basic ways to maximize tax deductions and shore up your finances for the coming year.
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Billing For Your Services: Common Q and A’s
by Legal & Regulatory Affairs, Federal Regulatory Affairs, and Communications Staff
October 11, 2005 -- Whether you are trying to determine how to bill for a health and behavior assessment or when you may charge an out-of-network rate, it pays to know billing basics. This article addresses several billing matters that practitioners commonly raise with the APA Practice Organization.
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Have You Considered Online Banking for Your Practice?
by Corporate Relations and Business Strategy and Communications Staff
July 19, 2005 -- Online banking is an increasingly popular tool that can help practitioners save time and money and streamline the financial management of a psychology practice.
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Getting to the Bottom Line: How to Read and Use Your Income Statement
by Corporate Relations and Business Strategy Staff
June 21, 2005 -- This article is the second in a series designed to help you make sense of your practice’s financial statements.
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Financial Statements 101: How to Read and Use Your Balance Sheet
by Corporate Relations and Business Strategy Staff
May 10, 2005 -- Understanding the different types of financial documents and the information each contains helps you better understand your financial position and make more informed decisions about your practice.
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Eight Tips for Trimming Your Practice Expenses
by Communications and Corporate Relations and Business Strategy Staff
March 29, 2005 -- Reining in office expenses is often a matter of thinking creatively, making the most of available resources, and maximizing efficiency. This article offers practitioners several tips for reducing expenses that can cut into profits.
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Making the Most of Your Accountant
by Corporate Relations and Business Strategy Staff
December 7, 2004 -- This article touches on economical and money-saving ways that a good accountant can be an asset to your business.
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Strengthen Your Practice Finances With This Basic Analysis
by Corporate Relations and Business Strategy Staff
August 17, 2004 -- It takes more than looking at your financial statements to assess the financial health of your practice. The way you run your operations affects your bottom line. Learn how to enhance your financial position using operating data you already have on hand.
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Give Your Practice a Financial Check-up
by Corporate Relations and Business Strategy Staff
July 20, 2004 -- It may be a tedious task, but tracking the financial pulse of your practice is crucial. Several key ratios and indicators can help you assess performance and pinpoint your financial strengths and weaknesses.
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Glossary of Financial Terms
by Corporate Relations and Business Strategy Staff
July 20, 2004 -- Some practitioners are more familiar with financial terminology than others. And though the subject of finances is tedious for many health professionals, it’s crucial be informed and to monitor the financial pulse of your practice.
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Planning for a Secure Financial Future: It’s Never Too Early to Start
by Corporate Relations and Business Strategy Staff
April 27, 2004 -- Many practitioners get a late start on planning for their financial future. Yet a little preparation goes a long way, and there are some basic steps you can take now.
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Taking Control of Your Finances
by Melissa Dittmann, gradPSYCH Staff
April 1, 2004 -- Become your own money manager and make every cent count as you start your career.
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