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What Is Private Mental Healthcare? Private mental health refers to the psychiatric services provided by psychiatrists who have their own private practice. It typically costs more than treatment at a clinic or hospital, but it offers several advantages that can make the extra cost worthwhile. Some therapy providers charge on an escalator. This means they will charge you according to the amount your insurance will pay for the session, rather than how much your insurance will reimburse. Individualized Treatment Individualized treatment is the