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Episode 231 | Going Beyond Therapy [Rerelease]

The Group Practice Exchange

Release Date: 12/06/2023

Episode 252 | A Real Example of Implementing Profit First with Mike Michalowicz show art Episode 252 | A Real Example of Implementing Profit First with Mike Michalowicz

The Group Practice Exchange

In this episode, I’m bringing back one of the most popular episodes of the podcast from all the way back in 2017—and it’s just as relevant today as it was then. I sat down with Mike Michalowicz, the mastermind behind Profit First, to explore how group practices can use his proven system to finally gain control over their business finances. Back when we recorded this, I had just discovered his book, Profit First, and was in the early stages of implementing the system into my own practice. To say it was a game-changer would be an understatement! I went from not taking a profit in my...

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Episode 251 | Strategies for Balance as a Neurodivergent Group Practice Owner with Patrick Casale show art Episode 251 | Strategies for Balance as a Neurodivergent Group Practice Owner with Patrick Casale

The Group Practice Exchange

If you’re a neurodivergent group practice owner, you might relate to having boosts of productivity, along with struggle to avoid burnout.   In this episode, I’m thrilled to have my dear friend Patrick Casale back on the show for a conversation about how to find the perfect balance for you, and your staff. Whether you're neurodivergent yourself or just curious about how different minds approach work, this one's for you! We dive into: How being neurodivergent shapes our approach to running multiple businesses, embracing the creative and outside-the-box thinking that can be both a...

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Episode 250 | How to Leverage a Podcast to Grow Your Group Practice with Chanlie Leavitt show art Episode 250 | How to Leverage a Podcast to Grow Your Group Practice with Chanlie Leavitt

The Group Practice Exchange

Ever wondered if a podcast could help grow your group practice? A podcast can be an amazing way to connect with your ideal clients - if you use it in the right way.  In this episode, I sit down with my podcast manager, Chanlie Leavitt from Paradigm Podcasting, to dig into how group practice owners like us can leverage a podcast to connect with local clients and enhance our visibility. We talk about everything you need to know, from the nuts and bolts of planning and production to marketing tactics that will make your podcast a powerful tool for your practice. Trust me, if you've ever...

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Episode 249 | Are Women Group Practice Owners Facing an Unequal Playing Field? with Racheal Cook show art Episode 249 | Are Women Group Practice Owners Facing an Unequal Playing Field? with Racheal Cook

The Group Practice Exchange

Ever wondered why so many women pour their hearts and souls into their group practices but still find themselves struggling to hit those higher revenue marks? Unfortunately, this is an all too common occurrence.  We all know that running a business as a woman comes with its own unique set of challenges, but the real question is: what can we do about it? In this episode, I sit down with Racheal Cook to pull back the curtain on the stark realities that women face in the business world—like the fact that although we own nearly half of all small businesses, we’re only generating a tiny...

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Episode 248 | Turning Private Practice Income into Wealth with Ryan Derousseau show art Episode 248 | Turning Private Practice Income into Wealth with Ryan Derousseau

The Group Practice Exchange

Have you ever been stressed about losing income while you’re away from your practice? If that sounds familiar, it’s probably time to think about turning your group practice income into lasting wealth.  That’s why I sat down with Ryan Derousseau from Thinking Cap Financial to explore the essential topic of financial planning for group practice owners. While income keeps the day-to-day operations running, true wealth comes from investing that income wisely. Shifting your focus from just earning, to strategically investing can provide long-term financial security and even allow you to...

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Episode 247 | Diversifying Services in Today's Market with Dr. Ajita Robinson show art Episode 247 | Diversifying Services in Today's Market with Dr. Ajita Robinson

The Group Practice Exchange

In today’s market, it’s more crucial than ever for us group practice owners to think like CEOs and differentiate our services. But that’s often easier said than done - especially if you’re not sure where to start.  In this episode, I chatted all about this with Dr. Ajita Robinson, a licensed clinical professional counselor who specializes in grief and trauma, and an income strategist for therapists. We explored the critical need for diversifying mental health services in the post-COVID era. Dr. Robinson provided invaluable insights on transitioning from a practitioner mindset to a...

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Episode 246 | Increasing Staff Retention with Shelli Warren show art Episode 246 | Increasing Staff Retention with Shelli Warren

The Group Practice Exchange

In recent years, retaining top talent has become more challenging than ever for group practice owners. The hard truth? Your staff are likely leaving because they no longer feel connected to you or their work. So, how can you keep your team engaged and committed to your practice? In this episode, I sit down with Shelli Warren, a seasoned team and leadership coach, to uncover the secrets of offering your staff a career, not just a job. Shelli brings a wealth of knowledge on creating meaningful career paths, even in smaller group practices, and emphasizes the importance of fostering a deep sense...

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Episode 245 | Are Insurance Companies Taking Over Mental Health Practices? Here's What You Need to Know show art Episode 245 | Are Insurance Companies Taking Over Mental Health Practices? Here's What You Need to Know

The Group Practice Exchange

Have you ever wondered how the acquisition of mental health practices by insurance companies might affect your practice?  In this episode, I dive into the trend of insurance companies acquiring mental health practices. I share insights on the implications of this trend for small independent practices, discussing potential impacts on patient choice, care quality, and healthcare costs. This trend has profound implications for our field, and understanding it is crucial for staying ahead in the ever-evolving landscape of mental health care. Join me to learn more about: The trend of...

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Episode 244 | Integrating Psychedelic-Assisted Therapy Into Your Practice with Christopher Brown show art Episode 244 | Integrating Psychedelic-Assisted Therapy Into Your Practice with Christopher Brown

The Group Practice Exchange

Ever wondered how psychedelic-assisted therapy is reshaping mental health treatment? In this episode, I dove into the transformative realm of psychedelic-assisted therapy with the incredible Christopher Brown. As a social worker and military veteran, Christopher brought a wealth of knowledge from his transition from the VA to his own private practice, where he's pioneering in this field of mental health treatment. Our conversation was a deep dive into the intricacies of integrating psychedelic-assisted therapy into a group practice. We explored the legalities, the ethical considerations, and...

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Episode 243 | How to Instill Clinical Confidence in Your Therapists with Shannon Heers show art Episode 243 | How to Instill Clinical Confidence in Your Therapists with Shannon Heers

The Group Practice Exchange

Have you ever wondered how to empower therapists in your group practice, especially those who are just starting out or are provisionally licensed?  In this episode, I had the honor of chatting with Shannon Heers, an Approved Clinical Supervisor and founder of Firelight Supervision, about boosting the confidence of therapists. In our conversation, we discussed the challenges that come with being new in the field or working under provisional licenses and how these can impact a therapist's confidence. Shannon, with her expertise from Firelight Supervision, shared invaluable strategies for...

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More Episodes
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
  • Offering CEs to the community or therapists while making sure it aligns with your business values
  • Considering questions like: Who will be the training providers? and Who will run and spearhead the program?
  • Realistic timelines to build, market, and reach the break-even point
  • Steps to screen candidates to ensure the quality and relevance of the training
 
Expanding services in a group practice can have numerous benefits. By offering workshops, webinars, and speaking engagements, you not only diversify your services but also provide opportunities for your team members to be paid for their presentations. Building a profitable program takes time and effort, but the financial benefits can be well worth it.
 
Thanks for listening! Like what you heard? Give us 5 stars on whatever platform you’re listening from. Need extra support? Join The Exchange, a membership community just for group practice owners on our website www.thegrouppracticeexchange.com/exchange. Talk to you next time!
 
Connect with Maureen Werrbach & The Group Practice Exchange:
 
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