Technology and Infrastructure: Building a robust online platform may cost anywhere from $50,000 to $500,000 or more, depending on the complexity and customization required.
Licensing and Compliance: Costs for obtaining licenses and ensuring compliance can range from $5,000 to $50,000 or more, depending on the jurisdiction and regulatory requirements.
Staffing: The cost of hiring mental health professionals will depend on factors such as location, experience, and qualifications. Salaries and benefits for a small team could range from $200,000 to $500,000 or more per year.
Marketing and Promotion: Marketing expenses can vary widely based on your target audience and strategies. Allocating a budget of $20,000 to $100,000 per year for marketing and promotion efforts is a reasonable estimate.
Operational Expenses: These expenses can vary depending on the size of your operation and whether you have physical office space. Estimating $50,000 to $200,000 per year for operational costs, including utilities, insurance, and administrative support, is a rough approximation.
Regulatory and Legal Expenses: Consulting with legal professionals to ensure compliance can cost around $5,000 to $20,000, depending on the complexity of your business and the regulations involved.
Ongoing Maintenance and Upgrades: Allocating a budget of 10% to 20% of your initial technology investment per year for maintenance and upgrades is a common practice. For example, if your platform development cost is $100,000, you should budget $10,000 to $20,000 per year for ongoing maintenance and upgrades.
(mh)ERP ($1000/mth)
Registering: It cost $0 to create your company account with (mh)ERP
Setup Fees: $0. (mh)ERP was developed by mental health professionals, not a sales department, so 99% of what you need to hit the ground running is already included.
Billing and Reconciliation: It cost $0 to submit claims for reimbursement.
Per User Cost: $0 per user cost up to 75 active users.