Tuesday, June 13, 2023

Profit First for Therapists with Juile Herres

Rocky Lalvani - The Profit Answer Man

In today's episode, our guest Julie Herres, owner of GreenOak Accounting and author of Profit First for Therapists, discusses financial management and compensation models for therapy practices. She covers topics such as the challenges faced by mental health therapists in the insurance industry, the different compensation models commonly used in the therapy industry, and the emotional phases of Profit First. Julie provides valuable insights into tracking utilization rates and utilizing physical space efficiently to increase profitability and emphasizes the importance of having a non-judgmental space to talk about money and financial difficulties.

 In this episode, you will learn the following:

        The importance of having a financial benefit to the practice when offering a salary to clinicians.

        The value of a judgment-free money conversation. Money is emotional, so talking to someone and getting advice is crucial.

        Finding a system that works for your business and pushing through the emotional phases of financial management to achieve clarity and ultimately financial freedom.

Title of the document Visit Show Page to Learn More Title of the document Visit Guest Page to Learn More