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Practice Management News for Psychotherapists

September 2012

Are You Exposing Your SSN?

Social Security NumbersOne of the questions we hear often from practitioners is, "Should I really be entering my Social Security Number into the insurance forms and billing statements that clients will be able to see?"  If you want to be affiliated with an insurance panel either as a in-network or out-of-network provider, this is a potentially critical decision that you will have to consider.  A few things to factor in when making this decision are:  1) what has your attorney or accountant advised you to do?; 2) are you okay with everyone at the insurance company seeing your Social Security Number (SSN)?;3) even if you are okay with everyone at the insurance company seeing your number, are you comfortable with your number being listed on the Explanation of Benefits for your clients to see?; 4) have you taken into consideration that your cash-paying clients who request statements for insurance reimbursement will need a statement with your number listed?   

As an alternative to using your SSN...READ MORE

Argonaut Does That?

Saving Money with Credit Card Processing

While the ability to accept credit cards can help any psychotherapy practice increase annual revenue, accepting credit cards can be a costly addition to the business when doing it through a credit card merchant services account. Processing Credit Cards Monthly merchant fees and per-transaction fees can be significant, costing you up to 7% of your credit card income.  Credit card processing companies often advertise low rates on your transaction fees, but they may neglect to mention a number of additional fees, such as those associated with different pricing tiers (qualified, mid-qualified, and non-qualified rates), nuisance fees, authorization fees, statement fees, monthly minimum fees, batch fees, customer service fees, annual fees, early termination fees, chargeback fees, and the cost associated with equipment rental or purchase.  

Argonaut understands that running a psychotherapy practice requires you to manage a business, and managing a business successfully requires you to maintain low overhead costs.  With this knowledge in mind, Argonaut developed an integrated Credit Card Processing feature that makes accepting credit cards affordable... READ MORE

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Argonaut Software Customer Benefits Program: GoodTherapy.org

GoodTherapy.org is the 2nd largest therapist directory in the world and is the only therapist directory that advocates and educates for ethical and healthy psychotherapy. As an advocate for healthy psychotherapy, GoodTherapy.org educates the public about the differences between healthy and unhealthy psychotherapy practices and promotes collaborative and non-pathologically based approaches within the professional community. Come join the movement for a better world of psychotherapy that focuses on growth and healing. 

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Argonaut subscribers receive 2 months free in the GoodTherapy.org directory, which includes a listing in the directory to over 8,000,000 people through the GoodTherapy.org network, weekly continuing education teleconferences, reputation monitoring, advanced profile features, the opportunity to contribute to the GT blog and more. Copy TRIAL602012ARG into the promo field of the Join Us page. You can also read more about membership, its benefits and requirements on our therapist Welcome Page. Thanks for doing what you do to make the world a better place.