Even Out Your Revenue Stream and Reduce the Stress of Managing Fixed Expenses
As a behavioral, mental health, or substance abuse treatment practitioner or practice owner, your monthly expenses are mostly fixed. On the other hand, your monthly income — which depends heavily on insurance companies’ claims processing and payment schedules — can be inconsistent and vexingly difficult to predict.
This situation can be stressful for a practice owner. But when employees have put their own financial fate and professional growth in your hands, it’s understandable that thoughts of keeping your business financially viable weigh on your mind almost as much as the welfare of your patients.
You aren’t the first business owner to face this worry and you don’t have to overcome it alone. Instead, implement these 3 strategies to achieve a more regular revenue stream.