With tremendous changes in the behavioral health industry, there will continue to be opportunities to provide desperately needed treatment services to those suffering from substance use disorders, but the business models are changing rapidly. The traditional treatment models are finding it more difficult to survive as insurance payors and government payors repeatedly modify their reimbursement programs. Attracting patients has become more difficult as increased regulations have been imposed on marketing and compensation practices.

The professionals and attorneys at BHAP and Nelson Hardiman have carefully designed the curriculum of this Boot Camp to address these growing concerns in this webinar series.

When someone decides to open a substance use disorder treatment program, they are normally pursuing a passion for helping people who are suffering from addiction, or perhaps they see a business opportunity that will also give back to the community. It is necessary to implement and maintain accurate accounting practices in order to support the vision, regardless of the motivation. This webinar presents the fundamentals of generally accepted accounting principles as well as managing cash flow and integrating organizational measures to monitor performance.

Brief Outline

• Accounting practices (GAAP)
• Software
• Managing overhead
• Financial metrics