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Accounting and Tax Basics for Private Practice

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$20.00 each

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Online Self-Study
Downloadable e-book of course slides, a downloadable certificate of completion, and course video(s).


You likely did not create your private practice for the sake of running a business, and you likely were not trained on the business aspects of private practice in graduate school.  However, it is necessary to be knowledgeable in the accounting, financial, and tax aspects of running a business as the owner of private practice.  This course will both help you understand the critical accounting aspects of running your business and empower you to be financially successful. 

This course covers the following topics:

  • basic financial and accounting terminology
  • budgeting
  • bookkeeping
  • business tax (write-offs, how the income is taxed, S Corp vs C Corp)
  • financial platforms/software (compare using the following options for accounting: credit card processing programs, practice management programs, all-in-one accounting software)
  • deciding when to hire a book-keeper
  • evaluating the financial health of a practice
  • what accounting/financial metrics should be tracked

This is a non-interactive, self-study course.

Course Availability

From the time of registration, you have six months to access the coursework.

Learning Objectives

Upon completion of this training, professionals will be able to do the following:

Learning Objectives:

  • Explain the various ways to keep an accounting of their business financial transactions
  • Explain how their income will be taxed and potential tax write-offs for the business
  • Assess the financial health of their private practice


Matthew Bernot, MBA, is a Business Analyst at Miles Technologies, a Software and IT company providing technology services to small and midsize businesses throughout the United States. He has extensive experience in HIPAA compliance, accounting, finance and management. From 2012-2015, Matt managed the client portfolio of Medical Malpractice insurance transaction processing software for Catex, helping insurance companies, claims processors, Third Party Adjusting Firms, and Reinsurance Carriers all maintain HIPAA compliance on their portfolios as well as making their operations run more efficiently. From 2015 to 2019, Matt managed a branch of TD Bank, focusing on operations compliance and administrating business accounts for all industries. And in 2019, Matt came over to Striven, to work as a business analyst consulting medical organizations and other professional services companies in better business practices related to HIPAA compliance, DCAA compliance, and other financial and project auditing procedures. Matt also designed the configurations of the Striven Medical Edition, which is used by medical organizations to maintain HIPAA compliance. He’s also taught a version of this course to all Striven Business Analysts who work at Miles Technologies.  Matt can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it. and you can also find him here.

Striven is a complete financial management software with all-in-one features for projects, inventory, sales, and more. Striven provides secure and powerful accounting solutions to help healthcare providers maintain HIPAA compliance. It eliminates the use of costly and unconnected software applications to make businesses run easier, faster, and safer. With secure document storage, easy client billing, fast payment collections and robust financial reports, healthcare professionals and CPAs can safely run their business on a single platform. You can find Stiven by clicking here.

CE Hours

0 Credit Hours - just great content to help your private practice

This is a non-interactive, self-study course.

How to Complete the Course and Earn Your Certificate

To receive your certificate of completion you must complete the course in its entirety.

 To complete an Online Self Study Course, one must register, log in, select the My Courses option from the menu items, click the Course Title, complete all of the modules, complete and pass the post-test(s), and complete the course evaluation.

A grade of at least 80% or more is required to pass the post-test. Retaking the post-test is possible until the participant is able to pass the test.

Psychologists and other professionals seeking CE credit through our approval with the American Psychological Association are asked but not required to complete the course evaluation before obtaining their certificate of completion, however passing a post-test for online self-study courses, and submitting one's attendance for live on-site and live webinars is required.

You can download or print your certificate of completion by logging into your account, navigating to the course by selecting the My Courses option from the menu items, clicking the Course Title, scrolling to the Certificate of Completion section, and clicking on the Certificate of Completion link to either download it or print it.

Participants may request a printed version of their certificate of completion to be delivered by mail. A shipping/handling fee of $6.95 will be charged per request. Shipping internationally may require an additional charge.

Directions for completing a course can be found by clicking here.

Course Policies

Accommodations for Individuals with Disabilities

Click here to view our Accommodations for Individuals with Disabilities.

Cancellation Policy

Refunds are offered within the first 30 days for courses which have not been completed.  There is a 10% service fee for refunds.

Grievance Policy

Click here to view our Grievance Policy.


Click here to communicate with a knowledgeable staff member regarding subject matter guidance, correction, grading, comments, or problem resolution.

Who Should Attend

This course is intended for clinicians who provide behavioral health services.

Teaching Methods

This is a non-interactive, self-study course. Teaching methods for this course include recorded lectures, videos, a post-test, and a course evaluation.

This course was recorded 4/1/22

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