Are you a group practice owner who has been considering adding a prescriber to your team? There are several reasons this could be a positive addition to your group so if you have been on the fence, read more to learn how this could help you expand.
Expand Scope of Services
Allows your practice to provide medication management alongside therapy, which can improve treatment outcomes, enhance medication effectiveness, and provide comprehensive monitoring. This also makes your practice a one-stop solution for clients who need integrated care. Many clients who go to therapy also need or would benefit from medication management.
Client Retention
Clients often prefer convenience; having therapy and prescribing in one place reduces attrition. This also means you can improve continuity of care for your clients and improve satisfaction. By having their medication and therapy integrated in one location it can also help with adherence to their treatment plans, making it more convenient for them to actually remain consistent and compliant with treatment.
Competitive Advantage
Differentiates your practice from others who only provide therapy which is especially appealing if you are in a location with a lot of other competing practices. It also attracts new clients who are seeking comprehensive mental health services. Those who already know they need medication management may be more likely to choose your location over another because of the fact it provides everything under one roof.
Professional Growth
Creates opportunities for therapists to collaborate with prescribers and vice versa. Both have valuable input that can help the other practice at a higher level. By understanding both sides of mental health treatment it can also help support interdisciplinary care and professional development. When the team has both therapists and prescribers, it is possible to have more collaborative discussions and share input on client need.
Operational Efficiency
Streamlines referrals and coordination, reducing delays in care for clients. A lot of clients are frustrated with how long it can take to get an appointment scheduled with a provider as there is more need than there are clinicians. By having a prescriber in-house, you’ll be able to help streamline the process for clients, making your practice a much more appealing choice for many.
Having a prescriber on hand also allows therapists to focus on therapy while prescribers handle medication management. Often, clients have questions about medication or therapy in-between visits and it can be helpful for providers to communicate and coordinate.
Marketing and Branding
Having a prescriber enables marketing messaging like: comprehensive mental health care all under one roof! It’s an appealing marketing strategy that will absolutely help with consistent referrals.
Another reason to have someone in charge of medication management in house is that it can attract more insurances and referrals looking for more full-spectrum services. Insurances will often prioritize credentialing locations that offer full or comprehensive services. The more insurances you can take, the more clients you can see.
Increased Revenue
A prescriber can generate $150,000-250,000+ annually, depending on caseload. It offers a high return on investment compared to hiring more therapists or other practitioners.
Want to know more?
Katelyn will be hosting a 5 week masterclass called the Prescriber Playbook from October 16th through November 13th. The classes will be held on Thursdays from 12-1pm EST. It includes everything you need: roadmap, templates, and real-world guidance.
The class is going to be live only, with no recordings available afterwards! So make sure you sign up through our form to get started.
