In her years of experience in the field of psychology, Jodie Brenton has faced a number of challenges. She talks to us about some of the obstacles she has had to overcome, and how Life Resolutions is helping the psychologists of today battle those very same issues.
The benefits and effects of psychological care and treatment have been proven without a doubt in the past, yet many are still not aware of the rigours involved in attaining a psychology degree. In order to become a trained psychologist, a student must complete a minimum of 6 formative years of study and practice (this includes 4 years for a university degree plus 2 years as a provisional psychologist), all while supporting themselves financially. Despite this hard work and financial strain, many communities hold an underlying belief that psychologists have a moral duty to provide their services to their community free of charge. This long-standing argument has led to an ethical dispute for psychologists, whose sole aim is to help their communities for the long run. Despite the introduction of the Medicare rebate via GP referrals – where instead of offering their services completely for free, private practices can now bulk-bill at a rate of $84.50 for 50 minutes – there has been no significant improvement in the situation.
Apart from the financial conundrum, psychologists have an added disadvantage of graduating without the basics of business theory, that are the need of the hour for any psychologist looking to open their own private practice. Almost 80% of psychologists land up in private practice, yet the basics of business such as balance sheets, profit and loss statements, and financial forecasts are alien to them, leaving them unprepared to run their own private practice businesses.
At Life Resolutions, we aim to remove obstacles such as this from the paths of struggling private practice psychologists.
We take control of the business aspect of their practice leaving them free to focus on their jobs. In this way, their patients receive the treatment they need and deserve.