I agree with Kugel here. Although I'm sure it could be done, the best model, IMO, is community mental health. I'm fortunate to have trained in a very good CMH system, so I might be biased. But for chronically psychotic patients (i.e. schizophrenics), having them on a team with a nurse practitioner, a psychiatrist, a case manager/social worker, and the resources for individual and/or group therapy is hard to make up in private practice.
I absolutely agree that this type of team is best. But CMH systems have been hit so hard in the last 10 yrs that few public MH systems have these services available anymore for the vast majority of their pop'n. Most CMH patients now have access to only the psychiatrist's services (no case mgr, no NP, no groups, etc), and it can take 3 months to get a new pt appt, and 3-4 weeks to get an appt with the pt's psychiatrist. Most counties where I've worked only have such additional services available to ~10% of the patients. And even when Case Mgt is available, there is little coordination between the services being utilized.
So, could this be done in private practice, I believe it could. There would have to be a careful detailed business model, with a lot of attention to billing everything possible for the services provided.
I've thought that one way would be to have a psycho-educational group every day at 4pm, with rotating topics on everything including illness education, meds, how to ask questions to your psychiatrist, using the bus system, hygiene, nutrition, ETOH, using your PCP, sun protection, smoking, etc. The topic of group every Thursday is crisis prevention (get these thoughts drummed in before the weekend arrives) and every Friday it's recreation. Patients are expected to show up by 3:30pm and only the first 6 (plus any hosp discharges) will be registered for the group. Upon registering, the pt's will tell the nurse if they need any refills, have problems with meds, change in symptoms/weight, get VS taken, etc. While the Soc Worker and Nurse run the group, the psychiatrist takes each patient out in turn for ~5-8 minutes to check in, provide any refills, etc. This "check-in" does NOT substitute for the regularly scheduled appt, but is additional. Patients may show up ANY time they are having a problem (no need to wait for an appt opening - just come to group), and they are directed to come to group 5 times in a row after any psych ER or medical ER visit. After any Inpt admission, they are directed to come to group 5 times in a row, and then twice per week for 3 weeks after that. There should be a lot of connection to the local NAMI, DBSA, and other advocacy/support/awareness groups. Since every patient attending the group can be billed, this system is not as economically draining as it sounds.
Sorry, just fantasizing again.