Joshua Rosenthal | Things To Consider When Selling Your Private Practice | TPOT 330
The Practice of Therapy Podcast with Gordon Brewer
Release Date: 05/13/2024
The Practice of Therapy Podcast with Gordon Brewer
This episode is all about Aaron Mallory’s innovative approach to mental health services and organizational efficiency; he demonstrates his commitment to both community support and business growth. By establishing his organization as a nonprofit, he leverages grants to fund comprehensive wraparound services, including a clinical workforce program combining therapy with work experience. His focus on delegation and infrastructure investment has driven significant growth. With an entrepreneurial and analytical mindset, Aaron balances business processes with client-centered care. His venture, "My...
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In this episode of the Practice of Therapy Podcast, Nate emphasizes the importance of understanding your practice's financial health, or "financial story," to reduce stress and uncertainty. He highlights the common issue of relying on intuition instead of accurate data for financial decisions. Nate offers practical steps for therapists, who often lack financial training, to manage their finances confidently. He introduces a simple monthly process: reviewing profit and loss statements and cash flow reports to establish a financial baseline, analyzing clinician metrics for profitability, and...
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On the Practice of Therapy Podcast, Rachel Harrison recounts the organic and somewhat accidental evolution of her practice, emphasizing the importance of hiring the right staff and fostering a supportive team. Initially lacking a grand plan, Rachel's practice grew through serendipitous opportunities and learning from other group practice owners. Her trauma-focused practice aims to provide a comfortable, non-clinical environment and has expanded across Maryland, Delaware, and Pennsylvania. Rachel underscores the need for hiring clinicians who align with her practice's culture, advocating for an...
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Heather Hendrie is a Whistler nature-based therapist and writer originally from Guelph, Ontario. She lived in Cusco, Costa Rica, California, Colorado, and the Canadian Rockies before calling British Columbia home. Heather’s intimate writing style draws on her varied life experiences and works as a clinical counselor to remind us all that in our tough or embarrassing moments; we are not alone. Heather’s first best-selling anthology, , won the Canadian Book Club Awards readers' choice for best anthology in 2023. The second anthology in the series, tells truths in an attempt to end shame...
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Welcome to this episode of The Practice of Therapy Podcast, where Jamey Schrier dives deep into the current challenges facing private practice in today's landscape. From navigating insurance reimbursements and integrating complex technologies like Electronic Health Records (EHRs) to grappling with the soaring costs of professional training, Jamey illuminates the daunting realities many mental health practitioners face despite the growing demand for their services. He argues passionately that the survival of private practices hinges on treating them as serious businesses, advocating for a shift...
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Ryan earned his Bachelor’s degree in Psychology from Texas Tech University in 2003 and a Master’s degree in Mental Health Counseling from Asbury Theological Seminary in Wilmore, KY in 2008. With nearly two decades of experience in private and agency work, Ryan has developed a profound expertise in his field. Ryan has maintained a private practice for the past eight years primarily working with high-impact and highly driven adults. Ryan Forbes discusses his approach to working with highly driven and high achieving clients on the Practice of Therapy. Inspired by a client...
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Dr. Nicholas Samstag is a psychoanalyst and clinical psychologist living and working in New York City. He holds a Ph.D. in clinical psychology and a certificate in psychoanalysis from the William Alanson White Institute. In addition, he has completed advanced training in Emotionally Focused Therapy for couples. Complementing his professional education is a strong background in classics and literature, which richly informs his work. In this episode, Dr. Samstag dives deep into the nuanced world of psychoanalysis. He challenges oversimplifications of Freudian theory, advocating for a...
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With over ten years of experience in small business accounting, advising as well as tax planning and preparation, is passionate about helping small business owners in the mental health profession to grow their businesses and save money. In the fall of 2022, he fulfilled a long-time dream and moved with his family to Israel. That being said, he’s still fiercely loyal to his native Seattle sports teams and has strong roots in the Pittsburgh area after living there for over 12 years and starting and growing his business with local Pittsburgh clients. Today, he works remotely from Israel,...
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Jane Carter is a therapist-turned-business-coach for solopreneurs who want to get out of their own way, make more money —and have more fun in the process. She loves helping solopreneurs “put their business on the couch” so they can: *Find joy and purpose as they serve their clients, *Have a business aligned with their values & personality, and *Find themselves saying, “I can’t believe I get paid so well to do work I love so much!” She lives in Asheville, North Carolina, where she's a beer snob, coffee connoisseur, and avid hiker. In a world inundated with tactics and...
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Colin Carr is the founder and CEO of CARR, the nation’s leading provider of commercial real estate services for healthcare tenants and buyers. Every year, thousands of healthcare practices trust CARR to help them achieve the most favorable terms on their lease and purchase negotiations. Colin has been involved in commercial real estate for over two decades and has personally been involved in thousands of transactions. In this podcast episode, Gordon and Colin dive into the intricate world of real estate, particularly focusing on the nuances of negotiating office space for private...
info_outlineJoshua Rosenthal, PsyD, is a licensed clinical psychologist and the founder/CEO of Manhattan Psychology Group, PC (MPG), an integrated mental health and ABA practice based in NYC. He started his solo private practice in 2008 in NYC and grew it to over 250 staff before selling it to a PE-backed, mental health MSO called ARC Health. Post sale, he continues to focus on growth, leadership and company culture. In addition to MPG, Dr. Rosenthal started a summer treatment camp called Big Apple Day Program and created a progress monitoring software for schools called The Electronic Daily Report Card (eDRC). He went to the University of Delaware for undergrad and Long Island University-Post for his doctorate. When he’s not working, Dr. Rosenthal enjoys working out, going to Knicks games and traveling with his wife and 8-year-old daughter.
In this episode, Joshua shares his journey from clinician to entrepreneur, detailing the pivotal moment when he shifted focus to business expansion. He emphasizes the importance of caution in selecting a buyer and highlights his meticulous vetting process. Joshua stresses the significance of partnering with the right individuals and planning for retirement. He advocates for delegating non-clinical tasks to alleviate stress and foster growth. Joshua also dives into insights on selling clinics without losing control, personal and professional preparedness for selling a practice, strategic team building, and navigating uncertainties with integrity. Throughout, he provides valuable advice for mental health professionals considering unconventional career paths or selling their practices.
Resources Mentioned In This Episode:
- Joshua’s Website
- Joshua on LinkedIn
- Manhattan Psychology Group on Instagram
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