Background Parental schizophrenia is a major public health concern that affects both the individual and the family, particularly children. Children with parents diagnosed with schizophrenia tend to experience negative impacts that can hinder their development. This complex condition demands effective therapeutic interventions aimed at improving the mental health and well-being of both the individual and the family. Material and Methods This study aimed to understand possible therapeutic interventions used to address the clinical issues of children with parental schizophrenia. An interpretative phenomenological approach (IPA) was employed to explore the therapeutic approaches taken by mental health professionals (MHPs) in addressing children whose parents are diagnosed with schizophrenia. A sample of 43 participants, including psychiatrists, psychologists, and social workers, was interviewed. The interviews were transcribed and analyzed for common themes. Results The findings revealed common themes in interventions aimed at enhancing neurocognitive function and improving behavior through therapy, skills training, and counseling. MHPs also targeted the family through education and positive parenting strategies. The findings emphasized the importance of a comprehensive approach addressing both individual and family aspects. Conclusion MHPs recognized the need for a holistic approach to improve the mental health and well-being of both the individual and the family. This study highlighted the importance of addressing the impact of parental schizophrenia on children and the need for effective therapeutic interventions aimed at improving the mental health and well-being of both the individual and the family.