CarePaths supports private and group therapy practices with EHR technology that tracks outcomes with automated measurement-based care (MBC). CarePaths also offers a Digital Front Door for therapy practices, which helps save time spent on administrative tasks. Practices can see more patients on a daily basis with less paperwork, and a more efficient practice will generate more revenue.
Therapists can fine-tune therapy for a patient using MBC, which helps the patient and the practice because it increases engagement. Engaged patients are more informed, adhere to positive behavior expectations, and make better decisions regarding their own care, improving outcomes and reducing costs. Patients are happy and return for their scheduled appointments, driving revenue.
The “New Referrals via Direct Network” tool places users in an optimal environment that supports finding their target clients and engages in constant passive networking simply by being in the specialized network. The Referral Portal enables users to network with other care providers. This positioning increases the chances of generating both cold and warm leads. For a very small price, the return on investment could be huge!
Leads provide entrepreneurs with the names and contact information of those who might be interested in their services. For certain business models, leads cost money, but this is a chance to receive a contof leads for a small monthly membership fee. Also, the network alleviates isolated working conditions, which can cause stress. It’s a place to ask questions, and be supported in entrepreneurial endeavors. These aspects are priceless for any practice owner hoping to maintain business longevity.
While some therapy practices can survive with only self-pay clients, most clinicians need a consistent way to get paid by insurance companies. Many practices struggle to file claims correctly, meet deadlines, and keep track of correspondence and changing policies, which hurts their bottom line and demoralizes their entrepreneurial pursuits. Other EHRs charge high base rates or charge per claim, but with CarePaths, claims are free. From the start, practice owners should protect themselves in this space by leveraging technology to increase their chances for success.
The tools embedded in the CarePaths EHR system ensure that users can maximize revenue through efficient billing processes, accurate insurance claims, and financial analytics. One user reports that the “paperless record keeping, improved financial management, and ease of filing claims has made [her] business (and life) more and more seamless every day!”
The efficiency in communication, the billing accuracy, and the improved workflow add up to savings for savvy practitioners, all of which make the practice itself more attractive to potential investors, clients, and communities. For CarePaths EHR members, the provided training and tools enable them to ensure clean billing, strong data, and increased cash flow. At a minimum, the platform ensures that practices are paid for their work, which can be difficult for those venturing into the space without operational support and experience with large insurance companies.
Once comfortable with a few payers, business owners in the behavioral health space can open themselves up to more insurance providers. This diversification will increase their client base, further stabilize their revenue stream, and allow for increased financial independence, as the practice will not find themselves reliant on only one source of capital or customer type.
Once the business owner has clients, gets paid consistently, and feels a bit of financial security, their creative flow and passion for their entrepreneurial endeavors are emboldened. At this point, they can tap into all their scholarship, genius, and potential and create therapeutic programs that transform lives. Within the CarePaths community, users are offered flexible solutions. They can host teletherapy, in-person therapy, chat, video, or phone therapy, and group or 1:1 sessions. They can also join a community of other behavioral therapists actively working toward improved behavioral outcomes, further developing their own professional toolkit.
CarePaths makes bridging behavioral health practice with business know-how easy, with tools for finding clients, billing and receiving payment, and retaining clients by providing optimal care. The investment of $49 per month for small and mid-sized businesses is well worth the return. Students can also begin thinking about a private practice at the early stage of their career with discounted rates, and the free insurance verification and claims filing further increases value. Overall, CarePaths is an excellent deal for everyone in this community.
Here at CarePaths, we empower therapists to work more efficiently and improve patient outcomes with our innovative EHR system. Start your free trial today to find out more about how we can help you!
