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Episode 228 | Beyond Coverage: Exploring the Influence of Insurance Companies in Group Practices

The Group Practice Exchange

Release Date: 10/25/2023

Episode 240 | Leveraging Kolbe A™ Index for Enhanced Team Dynamics with Niki Ramirez show art Episode 240 | Leveraging Kolbe A™ Index for Enhanced Team Dynamics with Niki Ramirez

The Group Practice Exchange

Have you ever wondered how understanding your team's instinctive problem-solving styles could transform your leadership and enhance collaboration?  In this episode, I had a conversation with Niki Ramirez from HR Answers about just that. We explored the Kolbe A™ Index and its impact on group practice leadership teams. Join our conversation to learn more about: The essence of the Kolbe A™ Index and how it identifies our natural instincts for taking action. An overview of the four action modes defined by the Kolbe A™ Index that influence our problem-solving approaches. Personal...

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Episode 239 | From Goals to Action: Structuring Leadership Meetings for Tangible Results show art Episode 239 | From Goals to Action: Structuring Leadership Meetings for Tangible Results

The Group Practice Exchange

Have you been diligently tracking metrics and setting goals for your practice, but are still stuck not seeing visible results?   In today's episode I took a deep dive into how to actually get your team to take action to make progress toward your practice’s goals. Because success doesn’t come from setting goals or tracking metrics; it comes as the result of the actions we take based on the information we gather.   In this episode, I focus on the importance of action in achieving our objectives as group practice owners. I discussed the significance of leadership meetings, not just...

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Episode 238 | Implementing The Accountability Equation™ with Abby Morgan show art Episode 238 | Implementing The Accountability Equation™ with Abby Morgan

The Group Practice Exchange

Have you ever wondered what it looks like to tackle implementing accountability in a growing group practice?    In this episode, I had a conversation with Abby Morgan, a fellow group practice owner who attended The Accountability Equation™ Accelerator in October. We dove deep into the complexities of instilling accountability within her expanding team at Sea Level Counseling & Wellness.   In our discussion, Abby opened up about the hurdles she's facing as her practice grows and roles within her practice change. We explored the critical role of clearly defining leadership...

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Episode 237 | The First Steps to Accountability Mastery show art Episode 237 | The First Steps to Accountability Mastery

The Group Practice Exchange

Do you want to create a culture of accountability within your group practice, but not sure exactly where to start?    In this episode, I share what true accountability looks like in your practice, and the first steps to take to begin setting up effective accountability practices. I explore how accountability is not just about keeping track of tasks, but about building a system that supports your team and your business.    If you’re ready to take the first step to a thriving practice, join me to learn more about:   The importance of accountability in organizational...

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Episode 236 | Why Your Outward Achievements Don’t Soothe Inner Emptiness with Kasey Compton show art Episode 236 | Why Your Outward Achievements Don’t Soothe Inner Emptiness with Kasey Compton

The Group Practice Exchange

Have you ever experienced a time when achieving success didn't lead to the fulfillment and joy you sought?   In this episode, I have a heart-to-heart with Kasey Compton, a therapist, self-love advocate, and accomplished entrepreneur who has led four thriving businesses, propelling her mental health practice into multi-million-dollar territory. We chat about her latest book "In Search of You", which mirrors Kasey's personal quest for meaning beyond success. During our conversation, we uncover how her journey of self-discovery has enriched both her business and personal life.   Here's...

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Episode 235 | The Top 10 Mistakes That I've Made as a Group Practice Owner show art Episode 235 | The Top 10 Mistakes That I've Made as a Group Practice Owner

The Group Practice Exchange

Have you ever wondered what mistakes you might be making in your group practice?     I'm no stranger to the challenges that come with running a group practice. Trust me, I've made my fair share of blunders along the way. In this episode, I get real with you about some of the less glamorous sides of group practice ownership as I share the top ten mistakes that I’ve made as a group practice owner. I also tell you all about the insights and lessons I've learned so you can sidestep these common pitfalls.      Here are some of the key topics I dive into: The importance...

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Episode 234 | Transforming Out-of-Network Therapy Reimbursements with Mentaya show art Episode 234 | Transforming Out-of-Network Therapy Reimbursements with Mentaya

The Group Practice Exchange

Calculating insurance benefits and submitting insurance claims can often be a major pain point for both clients and group practice owners. But not anymore!   I am so excited to share a new tool that I’ve been using to take this burden off our shoulders: Mentaya. In this episode, I had the pleasure of chatting with Christine Li, the founder and CEO of Mentaya. We delved into how Mentaya’s features, like the instant benefits calculator and automated claim submission, are revolutionizing the reimbursement process, making it easier for therapists to manage private pay clients and for...

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Episode 233 | Lead The Way In Group Practice Innovation as a Visionary show art Episode 233 | Lead The Way In Group Practice Innovation as a Visionary

The Group Practice Exchange

Have you ever wondered what it takes to be a visionary leader in group practice?   In this episode, I dive deep into the transformative power of visionary leadership in group practice. I walk you through the shift from being clinician-centric to becoming a visionary at the helm of your business, explore the hurdles you might face in staying true to your visionary path, and highlight the immense benefits that visionary leadership can bring to your business's growth and your team's cohesion. Here are the key topics I covered in this episode:   The transition that leaders need to make...

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Episode 232 | Navigating Subpoenas and Testimony in Mental Health Care with Tracy Masiello show art Episode 232 | Navigating Subpoenas and Testimony in Mental Health Care with Tracy Masiello

The Group Practice Exchange

Have you ever received a subpoena and weren’t quite sure how to handle it?  In this episode, I had the pleasure of interviewing Dr. Tracy Masiello, a group practice owner and certified mediator, about handling subpoenas as a group practice owner. We discussed the importance of clear policies, procedures, and training for clinicians to effectively manage subpoenas. Dr. Masiello also debunked subpoena myths, explained the consequences of ignoring subpoenas, and provided guidance on how to respond to them. Join us to learn more about: The importance of having clear policies, procedures,...

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Episode 231 | Going Beyond Therapy [Rerelease] show art Episode 231 | Going Beyond Therapy [Rerelease]

The Group Practice Exchange

Have you ever considered expanding the services offered in your group practice beyond one-on-one counseling?    Expanding services in a group practice can be a game-changer. In this rerelease episode, I discuss the benefits of doing just that - specifically offering CEs (Continuing Education) and/or training in the community. As a group practice owner myself, I have found that diversifying our services has not only increased our revenue but also reduced burnout among our team members. Join me to learn more about:   Benefits of becoming CE providers in your group practice...

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More Episodes

Have you ever wondered how insurance companies are impacting the mental health industry? 

In this episode, I dive into the influence of insurance companies in group practice. Insurance companies are moving away from paying based on the duration of therapy sessions and towards paying for the quality of care provided. This shift could potentially result in lower reimbursements for therapists, unless we advocate for how values-based care should be reimbursed. Additionally, I discuss the trend of insurance companies owning group practices, which gives them control over therapist compensation and allows them to increase profits. It's important for us as mental health practitioners to understand and adapt to these changes in order to thrive in the evolving landscape. Join me to learn more about:

  • The shift from duration-based reimbursement to values-based reimbursement by insurance companies
  • The importance of advocating for fair reimbursement rates and how measurement of care should be based
  • The trend of insurance companies owning group practices and its impact on therapist compensation

As group practice owners, it's crucial for us to stay informed and proactive in navigating the influence of insurance companies in group practice. By understanding these changes and advocating for fair reimbursement, we can continue to provide quality care to our clients while also ensuring the sustainability of our practices.

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This episode is sponsored by TherapyNotes. TherapyNotes is an EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. I use TherapyNotes in my own group practice and love its amazing support team, billing features, and scheduling capabilities. It serves us well as a large group practice owner.

Do you ever wish for a financial therapist who could relieve you from the last few months of bookkeeping, talk you off the edge when you're running into issues with Quickbooks, or help you work through a profit plan for growth? GreenOak Accounting does just that! GreenOak Accounting is an accounting firm that specializes in working with group practices. Their value goes WAY beyond bookkeeping; they can help you get on track for financial success. Schedule a free consultation by going to http://greenoakaccounting.com/tgpe