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(p. 83) The Business of Mental Healthcare 

(p. 83) The Business of Mental Healthcare
Chapter:
(p. 83) The Business of Mental Healthcare
Author(s):

Ann F. Garland

DOI:
10.1093/med-psych/9780197544716.003.0007
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date: 02 July 2022

The goal of this chapter is to introduce the financial and administrative implications of different career paths in mental health. Many mental health professionals express regret over their lack of preparation for the business implications of this career, given that these issues are not covered in graduate school. This chapter includes a discussion of how to prepare for the business of mental healthcare, including a summary of funding sources, a review of factors that impact the costs of graduate school, as well as factors that impact salary. In addition, trainees are often surprised by the administrative demands of practice, such as documentation requirements; this chapter prepares students for these demands. Given that private practice is a very popular career goal for many, this chapter highlights the pros and cons of a private practice career. Finally, the importance of professional networking is highlighted, with suggestions for maximizing networking opportunities.

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