There are a number of challenges faced by the psychology community, when it comes to dispensing treatment to their patients. Despite the proven effects of psychological care and treatment, many are unaware of the rigours involved in becoming a trained, certified psychologist. A student of psychology 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, there is an underlying feeling in many communities that psychologists have a duty to provide their services to their community free of charge. This has led to an ethical conundrum and a long-standing argument for psychologists who aim to help their communities in the long run. Even the introduction of the Medicare rebate via GP referrals has not led to a significant improvement in the situation (as per the new rule, instead of offering their services completely for free, private practices can now bulk-bill at a rate of $84.50 for 50 minutes).
Psychologists are also faced with the challenge of being ill equipped to run their own private practices post their graduation. Although almost 80% of psychologists land up in private practice, the basics of business such as balance sheets, profit and loss statements, and financial forecasts are not taught to them at the university level, leaving them unprepared to run their own private practice businesses.
Life Resolutions aims to remove such obstacles from the paths of struggling private practice psychologists, taking the business aspect off their hands so that they may focus on their patients, who are in essence the most important aspect of their business. Life Resolutions understands first-hand such trials and tribulations of the psychologist’s community and spends a bulk of its time on issues such as this.