Mental Health: A Path to a Resilient Workforce and Business Recovery Skip Navigation Skip Navigation. Browse our list of new Franchise or Business Opportunities and compare offerings or request more information. It could also be a wealthy individual with experience in this area. Insurance Age can reveal that the annual survey, now in its third year, found that awareness and understanding of mental health issues among brokers … There is a social element to work that employees who work from home may not be getting leading to feelings of isolation as well as having to juggle other responsibilities such as childcare, With Christmas fast approaching and burglaries spiking, new data from a home insurance comparison website reveals that premium prices have seen little change and that many do not protect their home contents, This month the winners for Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December, Published by Newsquest Specialist Media Limited, registered in England & Wales with number 02231405 at Loudwater Mill, Station Road, High Wycombe HP10 9TY - a Gannett company, JM Glendinning’s Nick Houghton shoots for £200m GWP after spotting opportunity in polarised market. Awareness of mental health issues generally rose from 5.7 to 5.81 between 2019 and 2020, while understanding of mental health issues also increased from 4.9 to 5.36. Also read: Entire industry called to rally around mental health "We’ve known for some time that small business owners have been under stress. One broker who participated in the research said: “There are certain brokers, my company included, who put a lot of resources into raising awareness of the issue and training staff. If you are considering selling your business please call, Selling a Mental & Behavioral Health Facility. Rotary in the South West are delighted to launch this programme of free courses, run by mental health experts, to enable businesses to become more mental health aware. Your desire to join the ranks of this profession can’t come at a better time since the National Institute of Health reports that one in four adults “suffer from a diagnosable mental disorder in a given year,” and this figure doesn’t include … An initial meeting with the buyer is a chance for both parties to see if there might be a good fit. Talking about mental health at work helps but stressed brokers are most likely to discuss their issues with family and friends, followed by colleagues, before they … We sell businesses with annual revenues between $700,000 to $50Million in NY, CT, NJ, MA, PA, TX, MD, LA, NM, and throughout the U.S. When selling a mental health business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Roseburg, OR:This mental health counseling center provides a wide range of full mental health counseling services to people of all ages including one to one therapy, couples, family, group therapy as well as teaching psycho educational classes to community groups and contracting with local businesses. Need a Business Broker to help you buy or sell a business? If you are considering whether to sell your mental and behavioral health facility you probably have questions on how to get started such as: How do I price my mental and behavioral health facility and how do I sell it while maintaining confidentiality.  Synergy Business Brokers has been selling healthcare businesses for over 15 years, and we have experience selling mental and behavioral health businesses. Meanwhile, brokers experiencing anxiety has fallen from 37% in 2019 to 32% in 2020. Insurance Business and Brokers MetLife Investment Management Retirement & … This aligns with an uptick in the number of brokers who think their organisation is committed to reducing the stigma surrounding mental health, as well as an increase in brokers who are comfortable talking to their manager and colleagues about their own mental health. Sure - about 10% of the final sale prices. What Price Should I Ask For My Insurance Agency? “Yet there are other brokers where it’s looked upon as a weakness or that the person suffering is workshy. Rapidly Growing Business This is a Community Mental Health Center (CMHC) that offers behavioral health services in the Miami Dade area. Briefing: Why there is so much concern around GoCompare’s new owner. We promise to keep you up-to-date on these types of listings via the email address … At Hiscox, we understand just how much work goes into running a mental health counseling business. Whether you want to sell a mental health facility, behavioral health facility, Psychology Practice, or alcohol or substance abuse facility, we can guide you through the … Adrian Saunders, commercial director at Ecclesiastical Insurance, said: “I’m delighted that our latest research finds positive progress is being made in reducing the stigma of mental health among brokers. Furthermore, female brokers are more likely to agree that attitudes towards mental health have improved in their organisation over the past 12 months. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website (Cookie Policy). Understanding more about mental health, and creating a mental health aware business or workplace, is a crucial step for any business. Become a subscriber and access our premium content. There are; however, a plethora of moves any organization can make to support its employees. You will also want to get a buyer that you feel comfortable in taking over your business. Should I Use A Business Broker To Help Me Sell My Insurance Brokerage? The research further tracked the differences in attitude towards mental health from male and female respondents. ... A business broker can be very helpful throughout the process, although they do receive anywhere from 5-10% of the sale price. Yes, the health of your business is important to us, but your health and your mental health are too. This site, like many others, uses small files called cookies to ensure that we give you the best experience on our website. A separate survey of 200 brokers, conducted in September, explored how brokers are coping with the coronavirus lockdowns. Once an offer is agreed to, then there is a due diligence phase to verify the financial information and other details about the business.  And the process of transferring and applying for a license will be started along with a purchase and sale agreement that will need to be finalized. If there are brokers out there that are not talking to their clients about AllyHealth, they are doing their clients a disservice. So, if mental health is having such an effect on business, how do you help employees struggling with mental health issues? The majority (91%) of brokers feel more confident spotting the signs of poor mental health, versus 88% last year, while a further 91% believe they have the right tools to deal with stress. The research also found that more than a quarter of brokers have introduced dedicated mental health support for colleagues, while a fifth have provided resources for parents and carers. Copyright © 2020 Synergy Business Brokers. Unfortunately, there is no, one, right answer. Members (911 results) Benchmark International - US Business Broker. However, if you would like to, you can change your cookie settings at any time. We'll require prospective buyers to sign a Non-Disclosure Agreement and provide us with their qualifications before giving them the identity and details on your business. Would you like to receive updates on the merger & acquisition market for home care, hospice, home health and behavioral health agencies for sale? One of our Senior Brokers will contact you to give you professional advice. It found that women are more likely to admit they feel overwhelmed at times (36%) compared to men (22%), and women are also significantly more likely to report a mental health problem (72%) to their manager than men (47%). Listings in Shipping, Custom Brokers and Mental Health Institutions Find A Business Broker … This is reflected in our research, which found that stress and anxiety levels have fallen since last year, most likely as a result of brokers embracing a more flexible lifestyle. Koh's startup, Spring Health, sells a digital mental-health benefit to employers. Whether you run a private practice or are working as a therapist in a different capacity, we can help your business grow by drastically reducing risk with our Professional Liability insurance policies and allowing you to … “However, the flipside of this is that many workers are struggling to disconnect from work and are generally feeling fatigued.”, Insurers within these lines of business will need to implement the association’s measures by December 2021. The types of potential buyers for your behavioral and mental health facility are other similar facilities that want to expand as well as private equity firms that are buying and merging several of these facilities. Although 63% believe there has been no change to staff wellbeing as a result of the pandemic lockdowns, a fifth said that lockdown has detrimentally affected employee wellbeing while 17% think the lockdowns have actually had a positive effect. But a good broker will make selling your mental health business much less painful. Listings in Shipping, Custom Brokers and Mental Health Services The type of buyer might also vary depending on the type of services you provide such as whether you focus on one or more of the following: Also, some buyers are looking for facilities that focus on in-network insurance reimbursements or those that cater more towards private payment individuals. Its latest Broker Wellbeing Survey, which polled 250 brokers, found that stress and anxiety is still a key concern for many brokers, with heavy workloads (76%), dealing with regulation (59%), customer demands (54%) and pressure to hit targets (47%) being the main contributors. “However, there is a still a way to go with many firms not prioritising mental wellbeing.”. Broker vs. No Broker. To start and run a successful mental health business, you will first have to supplement your college degree in behavioural science (e.g. Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. Briefing: Productivity vs staff wellbeing – the homeworking conundrum, Become a subscriber and access our premium content, ABI launches mental health standards for travel, health and protection insurers, How brokers are monitoring employee mental health with a home-working insurance industry, Working from home could cause employee mental health issues, 40% of UK homeowners don’t have accidental damage contents cover, Insurance Times Awards finalist 2020 Q&A: QuestGates slashes claims lifecycles and indemnity for clients, Insurance Times Awards finalist 2020 Q&A: Goodlord and DAS UK Group’s rent product guarantees landlord’s missing payments. We trust some of the pointers here and resources will go some way, either today or tomorrow, in helping you stay mentally healthy and best position yourselves to help those around you. Listings in Adwords, Mental Health, Boats and Business Brokers & Agents Should I Sell To A Local Insurance Agency Owner? 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