Twenty Principles of Success in Mental Health Practice

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CE Credit: 2

Length: 1 hour 15 minutes

Exam Items: 12

Clinicians spend a great deal of time in their training becoming excellent in practicing their craft of assessment and psychotherapy. These skills are mastered in order to deliver excellent clinical services. However, in professional training little, if any, emphasis is placed on learning, refining, and mastering the business aspects of private practice. In their book Financial Success in Mental Health Practice: Essential Tools and Strategies for Practitioners (APA Books, 2008) Walfish and Barnett present a list of Twenty Principles of Private Practice Success. This course presents an overview of each of these principles and how each relates to the development of a clinically effective and financially sound private practice.


Learning Objective 1
Identify the advantages and disadvantages of choosing private practice as a career path.

Learning Objective 2
Demonstrate knowledge of components of entrepreneurship that are essential to success in private practice.

Learning Objective 3
Identify methods in which psychologists can earn a living that fall out of the purview of managed care.


Presenter: Steven Walfish, PhD

Steven Walfish, PhD, is a licensed psychologist in independent practice in Atlanta. He has published in the areas of substance abuse, weight loss surgery, and professional training and practice, and weight loss surgery. He is recipient of the APA Division of Independent Award for mentoring (2009). His most recent book (co-authored with Jeff Barnett), Financial Success in Mental Health Practice: Essential Tools and Strategies for Practitioners, is published by APA Books. His next edited book, Earning a Living Outside of Managed Mental Health Care: 50 Ways to Expand Your Practice, will be published by APA Books in the Spring of 2010. He received his PhD in Clinical/Community Psychology from the University of South Florida in 1981 and has been in full-time clinical practice for the past 27 years in Tampa, Everett, Washington, and Atlanta. He is currently a Clinical Assistant Professor, Department of Psychiatry and Behavioral Sciences, Emory University School of Medicine.

Supplementary Materials

  • Handouts

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