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Time Business News
a day ago
- Health
- Time Business News
Building a Center of Excellence: Your IOP Startup Roadmap
The foundation of a successful Intensive Outpatient Program (IOP) lies in a clear and compelling clinical identity. Decide what populations your program will serve—adolescents, adults, or individuals with co-occurring mental health and substance use disorders. Choose your therapeutic modalities with intention, whether grounded in cognitive behavioral therapy, dialectical behavior therapy, trauma-informed care, or integrative holistic practices. Your program philosophy should distinguish your services while remaining evidence-based and outcomes-focused. This clarity guides your operational decisions and builds trust with clients and referral partners. Launching a structured outpatient program begins with a clear vision and a commitment to meeting community needs. It requires careful planning, including licensing, staffing, facility setup, and curriculum design tailored to mental health or substance use recovery. Understanding how to start an IOP program involves navigating regulatory requirements, insurance credentialing, and clinical protocols that ensure quality care. In the middle of this process, building partnerships with local providers and aligning with evidence-based practices is essential. With the right team and infrastructure, an IOP can provide flexible, impactful care that supports long-term recovery while allowing clients to maintain daily responsibilities. Launching an IOP requires navigating a web of licensing and regulatory requirements. Begin by consulting your state's behavioral health agency to determine licensure categories and service definitions. Your program will need written policies on clinical procedures, admissions criteria, discharge planning, and safety protocols. HIPAA compliance must be embedded into your documentation systems, communication tools, and facility design. Consider pursuing national accreditation through CARF or The Joint Commission to demonstrate clinical quality, bolster payer confidence, and attract higher-level referral partnerships. A financially sound IOP begins with a realistic budget and revenue model. Estimate startup costs including facility renovation, staffing, software systems, licensing fees, marketing, and insurance. Construct a detailed financial projection covering fixed and variable costs, census targets, and payer reimbursement rates. Establish your billing infrastructure early, with processes for verifying benefits, authorizations, claims submission, and appeals. Decide on your payer mix—commercial insurance, Medicaid, private pay—and ensure contracts are in place. Financial viability depends not just on census volume but on efficient billing and collection systems. Your physical environment should support both therapeutic effectiveness and operational efficiency. Select a location with high visibility, public transit access, and appropriate healthcare zoning. Design the space to include private therapy offices, group rooms, intake areas, administrative workstations, and restrooms that meet ADA standards. Incorporate calming, professional aesthetics that promote a sense of safety and dignity. Ensure privacy with soundproofing and layout strategies that avoid congestion or patient overlap. The right space reinforces your program's credibility and contributes directly to patient retention. The clinical and operational staff you hire will define your center's culture and effectiveness. Recruit licensed therapists, case managers, group facilitators, peer support specialists, and an experienced clinical director to oversee programming. Include administrative staff trained in behavioral health billing, scheduling, and compliance. Prioritize emotional intelligence, cultural competence, and alignment with your mission. Provide clear roles, clinical supervision, and continuing education to support growth and accountability. A cohesive team builds continuity of care and client satisfaction. Structure is key in IOP delivery. Develop a weekly treatment schedule that balances individual sessions, psychoeducation, process groups, and family involvement. Set clear participation expectations and define pathways for step-down or referral to higher levels of care. Create protocols for assessments, treatment planning, safety risk management, medication coordination, and progress evaluation. Use an EHR system tailored to behavioral health to streamline documentation, improve billing accuracy, and monitor outcomes. Consistent, replicable programming forms the bedrock of clinical excellence. A thoughtful, compliant marketing strategy ensures a strong launch. Develop branding and messaging that communicate professionalism, compassion, and clarity of services. Create referral partnerships with hospitals, therapists, school systems, and primary care physicians. Launch a website optimized for SEO with online intake forms, service details, and clinician bios. Use educational content and community presentations to establish authority and visibility. Ethical outreach—grounded in trust and transparency—positions your IOP as a preferred provider in the continuum of care. Establishing a behavioral health facility requires more than just clinical expertise—it demands strict adherence to regulatory standards. Organizations must navigate a maze of rules and documentation to ensure their operations meet state-specific requirements. In the middle of this process, DHCS Licensing for behavioral health becomes a pivotal step, determining whether a provider can legally deliver services in California. This licensing ensures that facilities uphold safety, ethical care, and treatment standards. Securing it involves thorough preparation, including policy development, facility inspections, and staff qualifications. Successfully obtaining licensure not only legitimizes the practice but also lays the groundwork for sustainable, high-quality care. Building an Intensive Outpatient Program isn't simply a business venture—it's the architecture of recovery. From licensing and staffing to financial sustainability and therapeutic integrity, every step must be handled with diligence and vision. When constructed with clinical rigor and operational discipline, your IOP becomes more than a treatment center; it becomes a beacon of support, resilience, and transformation for those navigating the road to mental wellness and recovery. TIME BUSINESS NEWS
GMA Network
3 days ago
- Business
- GMA Network
PH to implement crypto-assets reporting framework
The Department of Finance (DOF) on Wednesday said the Philippines is committing to implement a framework on reporting crypto-assets in a bid to combat cross-border tax evasion and illicit financial flows. In a statement, the DOF said the commitment to execute the Crypto-Asset Reporting Framework (CARF) by 2028 was signified by DOF Revenue Operations Group Undersecretary Charlito Martin Mendoza during the 8th Asia Initiative Meeting in Malé, Maldives held from May 26 to 29, 2025. The CARF institutionalizes the framework for the reporting and automatic exchange of information in relation to crypto-assets between tax authorities for tax compliance purposes. The Philippines now joins 67 other jurisdictions already committed to implementing the CARF by 2027 or 2028. 'We need faster and stronger systems for collaboration if we are to beat tax evasion and illicit transactions. This is a timely commitment as digital currency becomes one of the preferred means for transactions,' said Finance Secretary Ralph Recto. 'The government must ensure that crypto-asset users are paying their fair share of taxes and that no illicit financial activity goes unpunished,' added Recto. —VAL, GMA Integrated News
Time Business News
13-06-2025
- Business
- Time Business News
The Smart Start: Your Step-by-Step Guide to Rehab Center
Launching a rehab center begins with defining your purpose. What community need are you meeting, and how will your approach stand out in the recovery landscape? Whether your focus is on residential treatment, outpatient services, or specialized care for dual-diagnosis clients, articulating your core identity sets the tone for every operational and clinical decision. Your mission should reflect not just what you do, but why it matters. Integrate your treatment philosophy—be it evidence-based therapy, holistic healing, or faith-based support—into a statement that guides staff, inspires stakeholders, and builds trust with clients. Starting a healthcare venture that transforms lives requires careful planning, regulatory understanding, and a commitment to quality care. Entrepreneurs entering this space must focus on creating a structured program, securing qualified staff, and building community trust. In the middle of this journey, opening a rehabilitation center demands compliance with state licensing requirements, zoning laws, and accreditation standards to ensure legitimacy and effectiveness. Financial planning, marketing strategies, and partnerships with healthcare providers are also essential components. With the right balance of compassion and business acumen, a rehabilitation facility can become a beacon of hope for individuals seeking recovery and renewal. Your rehab center must comply with a complex web of local, state, and federal regulations. Begin by reviewing your state's licensing requirements through the appropriate behavioral health or healthcare authority. Each type of treatment offered—detox, residential, IOP—comes with distinct mandates for staffing, facility structure, and emergency preparedness. Accreditation from CARF or The Joint Commission is often essential for insurance reimbursement and reputational credibility. Legal structures also need careful attention: choose the right business entity, obtain liability insurance, and craft policies for HIPAA compliance and risk management. Early legal diligence prevents costly setbacks later. Your clinical model should address the full continuum of care. Determine which levels you'll provide—detoxification, residential inpatient, partial hospitalization (PHP), intensive outpatient (IOP), and aftercare—and structure your services accordingly. Design a treatment curriculum that integrates individual and group therapy, family counseling, relapse prevention, and medical oversight. Evidence-based modalities like CBT, DBT, and MAT should be adapted to client needs. Tailor services for specific populations—adolescents, veterans, LGBTQ+ clients, or those with co-occurring mental health conditions—to elevate your center's relevance and effectiveness. Staffing is one of the most significant investments in your rehab center's success. Assemble a multidisciplinary team of licensed therapists, counselors, case managers, medical personnel, and support staff who not only meet regulatory qualifications but also reflect the values of your organization. Train staff in trauma-informed care, cultural competency, and confidentiality standards. A unified and compassionate team culture improves client outcomes, enhances safety, and reduces turnover. Your people are your most powerful asset—choose them with care and cultivate continuous professional growth. The physical environment should reinforce the therapeutic process. Residential programs require private and communal spaces for sleeping, therapy, dining, and recreation. Outpatient facilities must offer flexibility, privacy, and a professional but calming atmosphere. Ensure your building meets zoning, safety, and ADA compliance. Attention to detail—from lighting to furniture layout—can transform your space into a refuge for healing. Plan for essential features like medication storage, emergency access, and staff offices. The right facility reinforces both clinical goals and client dignity. Before opening your doors, construct a robust financial plan. Project your startup costs, monthly expenses, revenue expectations, and breakeven timeline. Include everything from staff salaries to licensing fees and marketing costs. Secure adequate working capital or financing to bridge the initial months of operations. Credential your facility with insurance payers to widen client access and stabilize income. Implement a strong revenue cycle management system for billing, claims, and collections. Behavioral health billing is complex, so working with professionals who specialize in the field is critical to your bottom line. Visibility drives admissions. Create a brand that reflects your mission, professionalism, and compassion. A modern, informative website is essential. Invest in digital marketing, content creation, and community outreach to position your center as a trusted recovery resource. Establish referral relationships with hospitals, therapists, court systems, and other community providers. Nurture these connections through transparent communication, shared goals, and reliability. Ethical marketing practices build long-term credibility and protect your organization's integrity. Daily operations must support consistent, high-quality care. Develop policies and procedures for client intake, staff responsibilities, clinical documentation, medication administration, and crisis intervention. Implement an EHR system tailored to behavioral health for accuracy and compliance. Create systems for measuring clinical outcomes, client satisfaction, and program performance. Use these insights to refine services, train staff, and maintain excellence. A culture of continuous improvement ensures your center remains adaptable and client-focused over time. Starting a behavioral health facility requires more than just a vision—it demands strict adherence to regulatory standards. From facility requirements to program structures, each step must align with state guidelines to ensure legal operation and high-quality care. In the middle of this process, DHCS Licensing for behavioral health becomes a central focus, serving as the gateway to legitimacy and funding eligibility. Securing this license confirms that a provider meets California's standards for safety, staffing, and treatment delivery. With proper licensing in place, behavioral health programs can confidently offer services while remaining compliant and responsive to community needs. Starting a rehab center is a serious undertaking that blends heart, structure, and vision. With thoughtful planning, strategic execution, and a relentless commitment to quality care, your facility can become a beacon of hope for individuals and families seeking lasting recovery. This guide provides the essential framework, but the soul of your center will come from the integrity and compassion you bring to the work. Done right, your rehab center will not only be a business—it will be a lifeline that transforms lives. TIME BUSINESS NEWS
Business Wire
12-06-2025
- Business
- Business Wire
Taxbit Partners with Global Blockchain Business Council (GBBC) to Support Their Growing Cryptocurrency and Stablecoin Management Needs
WASHINGTON--(BUSINESS WIRE)-- Taxbit, the enterprise-grade tax and accounting compliance platform for digital assets, has announced a partnership with Global Blockchain Business Council (GBBC), one of the most trusted non-profit associations for the blockchain, digital assets, and emerging technology community. The partnership means that GBBC, a large, geographically diverse organization with US, EMEA, and APAC operations, has selected Taxbit to support its financial reporting requirements, global accounting needs, and blockchain transaction recordkeeping. Founded in 2017 in Davos, Switzerland, GBBC comprises more than 500 institutional members and 284 Ambassadors across 124 jurisdictions. By engaging with its members and communities around the globe, GBBC utilizes cryptocurrency for transactions, and is required to keep an accurate account, particularly with the rollout of compliance frameworks like CARF, DAC8, MiCA, and current IRS policy. Through its proprietary software, easy to integrate APIs and simple UX, Taxbit removes all the complexity for organizations to ensure they have a clean, precise, and compliant account of their digital assets and meet all financial information reporting requirements. 'Partnering with the GBBC is a natural alignment for Taxbit because both organizations are forces for good by the very nature of their missions. GBBC is one of the industry's most influential non-profit associations, with a vast array of wallets, assets, and transaction addresses across the globe. We are excited to give them peace of mind for all of their accounting needs, while powering their efforts to champion the responsible adoption of blockchain technologies.' - Michelle O'Connor, VP of Global Market Expansion GBBC joins a list of hundreds of revered customers, like Paypal, Uphold, Google, and MARA, using Taxbit's award-winning software. GBBC will begin using the technology in July 2025, soon after hosting their highly coveted Blockchain Central event in Washington DC. 'We are delighted to partner with Taxbit as we continue to steward digital transformation across global markets and promote global regulatory dialogue alongside them. Taxbit's tools will equip us with the transparency and compliance rigor needed as we embrace and expand the use of digital assets in our operations.' - Sandra Ro, CEO of Global Blockchain Business Council. As the world's premier industry association for the blockchain ecosystem, GBBC plays a critical role in driving adoption and advancing responsible innovation across the world. The collaboration between GBBC and Taxbit highlights a growing trend among forward-thinking institutions to integrate best-in-class compliance infrastructure as digital assets become increasingly mainstream. About Taxbit Taxbit is the premier tax and accounting compliance platform designed by CPAs and tax attorneys to simplify compliance and reporting for digital assets. Enterprises, financial institutions, and government agencies trust our comprehensive, end-to-end solution to compliance and ensure accuracy. Taxbit is certified with SOC 1 Type 1, SOC 2 Type 2 attestation, and ISO 27001 standards. With over $235 million in funding from top global investors like Ribbit, IVP, Paradigm, Haun Ventures, and PayPal Ventures, Taxbit is headquartered in Draper, Utah, and has offices in Salt Lake City, San Francisco, Seattle, New York, Washington, D.C., Amsterdam and London. Discover more at About Global Blockchain Business Council (GBBC) Global Blockchain Business Council (GBBC) is the trusted non-profit association for the blockchain, digital assets, and emerging technology community. Founded in 2017 in Davos, Switzerland, GBBC comprises more than 500 institutional members and 284 Ambassadors across 124 jurisdictions and disciplines. GBBC furthers adoption of blockchain and emerging technologies by engaging regulators, business leaders, and global changemakers to harness these transformative tools for more secure and functional societies.
Time Business News
10-06-2025
- Business
- Time Business News
Your Ultimate Guide to a Profitable Practice Exit
Exiting a mental health or addiction treatment practice isn't just a financial transaction—it's a strategic decision that hinges on timing. The ideal moment to sell often coincides with strong financial performance, stable staff retention, and positive market conditions. Waiting too long may lead to diminishing returns, especially if burnout begins affecting operational quality. Many practice owners begin exit planning two to five years in advance. This runway allows time to optimize business operations, increase revenue diversity, and prepare documentation that substantiates value. Whether you're retiring, pursuing new ventures, or merging with a larger entity, the right timing can significantly enhance your bargaining power and outcome. The mental health sector continues to see rising demand, prompting investors and entrepreneurs to explore new avenues for entry and expansion. Acquiring an existing practice offers a head start, with operational systems, licensing, and client relationships already in place. In the middle of this expanding landscape, finding a mental health business for sale presents a strategic opportunity to bypass the challenges of starting from scratch. Buyers can benefit from established reputations, trained staff, and community trust. With careful due diligence and a clear growth plan, acquiring a mental health business can be both a financially rewarding and socially impactful investment. Before you can sell a practice profitably, you must understand what it's worth. A formal business valuation is essential. Most behavioral health practices are valued using a multiple of EBITDA (earnings before interest, taxes, depreciation, and amortization), adjusted for add-backs like owner salary, rent adjustments, and one-time expenses. Buyers also consider intangible assets: referral networks, payer contracts, brand reputation, and electronic health record systems. If your practice has specialty programs—such as intensive outpatient services or trauma-focused therapy—these can increase valuation if demand is high in your region. Working with a valuation expert who understands the behavioral health market can ensure a realistic and compelling financial picture. A practice with organized, efficient systems will command higher offers. Prospective buyers are attracted to businesses with predictable cash flow, minimal legal or compliance risks, and streamlined workflows. Key areas to focus on: Billing and revenue cycle management : Ensure accurate coding, timely claims, and consistent collections. : Ensure accurate coding, timely claims, and consistent collections. Staffing : Retain licensed, credentialed clinicians and clearly defined roles for each team member. : Retain licensed, credentialed clinicians and clearly defined roles for each team member. Documentation : Maintain up-to-date policies, HR files, and clinical records. Accreditation (e.g., CARF or JCAHO) adds value and credibility. : Maintain up-to-date policies, HR files, and clinical records. Accreditation (e.g., CARF or JCAHO) adds value and credibility. Technology: A secure, fully adopted EHR with performance tracking and telehealth capability is now a standard expectation. Eliminating unnecessary expenses and addressing operational gaps ahead of time can boost both valuation and buyer confidence. Due diligence is rigorous. Prospective buyers will comb through your financials, contracts, licenses, and compliance history. Begin compiling essential documentation early: Three to five years of financial statements (P&L, balance sheets, cash flow) (P&L, balance sheets, cash flow) Tax returns Payer contracts and reimbursement rates Lease agreements and real estate terms Staffing structure and compensation schedules Clinical licensure, business licenses, and certifications Having a clean paper trail signals professionalism and makes the buyer's audit process smoother—an essential factor in keeping deals on track. Not all buyers are equal. Some are private equity-backed firms looking to roll up multiple practices; others are solo clinicians, regional treatment networks, or non-profits. Each brings different priorities and implications for your staff and clients. If you care deeply about legacy and continuity of care, interview potential buyers about their clinical model, growth strategy, and staffing plans. Cultural alignment is as important as financial terms, especially if there's an earn-out or transition period where your continued involvement is required. Hiring a broker or M&A advisor who specializes in behavioral health can help you identify serious, qualified buyers and avoid pitfalls. A profitable exit hinges not only on the sale price, but also on the structure of the deal. Common deal components include: Asset vs. stock sale : Asset sales are more common and protect buyers from liability, but may have tax disadvantages for the seller. : Asset sales are more common and protect buyers from liability, but may have tax disadvantages for the seller. Earn-outs : A portion of the sale price tied to post-sale performance. These can increase total compensation, but introduce risk. : A portion of the sale price tied to post-sale performance. These can increase total compensation, but introduce risk. Non-compete agreements : Often required to protect the buyer's investment. : Often required to protect the buyer's investment. Transition period: The buyer may ask you to stay on for 6–12 months to facilitate a smooth handover. Your legal and financial advisors should evaluate every detail to minimize tax liability, avoid hidden risks, and secure your financial future. An often-overlooked piece of a successful exit is managing the human impact. Once the sale is finalized—or close to it—transparency and support are critical. Staff should be reassured of job security, cultural stability, and the new owner's vision. Clients should receive clear communication about continuity of care. Prepare formal announcements, Q&A documents, and transition plans. If handled thoughtfully, your exit can reinforce trust and respect among those you've served—rather than create confusion or disruption. Planning a business exit requires more than just finding a buyer—it demands a strategy that maximizes value and ensures long-term success. Advisors help business owners position their company attractively, prepare essential documentation, and navigate complex negotiations. In the middle of this high-stakes process, sell side MA advisory provides tailored guidance to help sellers identify the right buyers, highlight key value drivers, and structure favorable deal terms. This expert support minimizes risk, maintains confidentiality, and enhances deal outcomes. With the right advisory partner, businesses can transition confidently, knowing they've captured the full value of their years of effort. Selling your behavioral health practice is a defining career moment—an opportunity to secure financial rewards and pass the torch to new leadership. By preparing early, optimizing your operations, and choosing your buyer carefully, you can exit not just successfully, but meaningfully. With the right strategy and advisors, your practice's next chapter can be as impactful as the one you built. TIME BUSINESS NEWS
