Therapy For Your Money

Are you looking for some ideas of ways you can grow your private practice outside of regular clinical work? You're in luck! This week, Julie sits down with Katie Vernoy of Therapy Reimagined to talk about alternate revenues streams for you to incorporate into your own business! Katie Vernoy is a therapist, coach, consultant, and co-founder of Therapy Reimagined! She is also the co-host of The...

Register for our FREE Live Profit First Webinar on Dec. 18th, at 1 PM EST - CLICK HERE! Growing from a solo practice to a group practice doesn't have to be a challenge! This week, Julie breaks down common financial hurdles that most therapists encounter when growing their private practice, and different ways you can avoid them to make your transition easy. Episode Highlights: Hiring: Your fir...

"The goal of your business is always profitability, but the purpose of your business is to help people and impact the community." -Kasey Compton Register for our FREE Live Profit First Webinar on Dec. 18th, at 1 PM EST - CLICK HERE! Automating financial systems in your business is necessary in order to thrive! This week, we chat with Kasey Compton of Consult with Kasey and talk all thing...

"Every time revenue comes into your practice, you subtract a predetermined amount as profit, and you run your business on the remainder" - Mike Michalowicz The Profit First methodology has transformed thousands of struggling businesses into money making machines! If you're interested in implementing Profit First into your private practice, today's episode is made for you. Regis...

Taxes can be a huge surprise if you haven’t planned how to pay for them. There’s no time like the present to start saving for taxes. You have until April 15 to come up with enough cash. Today, Julie Herres of Greenoak Accounting shares year-end tax saving tips. Frequently, she is asked about what can be done to save on taxes. For private practice business owners—whether you are a sole proprietor o...

Most people experience financial anxiety, including private practice therapists. Why? Money is highly emotional and psychological. Learn how to manage and overcome financial blocks in today's episode.  Today’s guest is Lindsay Bryan-Podvin, a clinical social worker, financial therapist, and private practice owner. The clinical side of her business helps couples cultivate a happy and healthy r...

Do you dream about growing and scaling your group practice from six to seven figures? It takes practice, partnerships, and profit. It’s a numbers game to add space and staff. Today’s guest is Maureen Werrbach from The Group Practice Exchange. Maureen owns a group practice in three locations and started The Group Practice Exchange. Also, she partners with Mike Blumberg to present Group Practice Bui...

Billing is the most important financial function in a practice. If there’s no money coming in, then you really don’t have a business.  Today’s guest is Jeremy Zug, owner of Practice Solutions, LLC, a billing and credentialing firm for mental health private practices. He talks about when it is a good time to DIY, outsource, or bring in-house billing and credentialing. Episode Highlights: Practice S...

“I didn’t want to be chasing my money.” - Katie Lemieux Are you struggling to build a six-figure private practice? Build your brand and grow your dream private practice by having a money mindset focused on business marketing and finances. Today’s guest is Katie Lemieux, a licensed marriage and family therapist (LMFT) and co-owner of the Private Practice Startup that features podcasts, paperwork, E...

"Not all policies are created equal" - Jake Mellor What are the different kinds of insurance you might need for your business? You want to make sure you and your business are protected.  Today’s guest is Jake Mellor, owner of Mellor Financial Services, which specializes in insurance, wealth management, tax preparation, and tax planning. He describes insurance options at every stage of yo...

Payroll is typically your biggest expense in a group practice. Think about your future before making decisions that have a long term impact. Today's episode focuses on compensation models for group practices. How much is required to hire and retain employees? Every practice should be profitable. Click here to download our handout for this episode! Episode Highlights Contractors vs. Employees:...

Therapists tend to be great with emotions, but are sometimes scared of money. Believe in your self-worth by not feeling guilty, but good when making money in private practice. It’s just as easy to have a profitable practice, as a not-profitable practice.  Today’s guest is Tiffany McLain, who is a creator, founder, and teacher at the Lean In MAKE BANK Academy. Tiffany talks about how private practi...

How can being intentional about productivity and outsourcing lead to increased profits of your private practice? Simply follow three keys to productivity as your business grows because successful therapists flirt with burnout. Today's guest is Uriah Guilford, a licensed Marriage & Family Therapist (MFT) with Guilford Family Counseling in Northern California. Uriah is the founder of Produc...

What’s the bottleneck in your business? It’s time to work less and make more by designing your business to Run Like Clockwork. Today’s guest is Adrienne Dorison, co-founder of Run Like Clockwork. Mike Michalowicz wrote the book, Clockwork , and Adrienne runs the company.    Click here to download our handout for this episode! Episode Highlights: Operational Efficiency: Take corporate principles, a...

It’s time to break bad, repeatable habits. Replace them with financial habits that prove profitable for practice owners. It’s expensive to fix a mistake rather than to do it right in the first place. Julie Herres, owner of Greenoak Accounting and host of the Therapy For Your Money Podcast, shares insider information about best practices that make profitable practice owners.  Click here to download...

Why and how do clinicians start and sustain a private practice, when so many others fail at it? Too few resources and opportunities to financially succeed and stay in business. Private practice is not for everyone. Today’s guest is Gordon Brewer, a licensed marriage and family therapist. He started a part-time private practice in 2005 that has grown into a group practice named Kingsport Counseling...

Welcome to Therapy for Your Money! We are here to talk about all things money and finances in private practice. Our host, Julie Herres, has perfected the craft of financial management and profitability through her successful years as the Senior Accountant and CEO of her own firm, GreenOak Accounting. She is on a mission to share her best financial practices and make YOUR financial anxiety a thing...