Therapy For Your Money

Episode 120: Retreat recap - What's on group practice owners minds right now? KPIs and systems!

December 08, 2023 Julie Herres Season 4 Episode 120
Therapy For Your Money
Episode 120: Retreat recap - What's on group practice owners minds right now? KPIs and systems!
Show Notes

In this podcast episode, host, Julie Herres discusses the challenges faced by therapy practice owners. Topics covered include the ongoing trends of low referrals and low conversions in the fall of 2023, difficulty in achieving productivity goals, and the importance of tracking metrics and establishing robust financial systems. Julie goes on to recommend solutions that can improve the financial conditions of therapy private practices, underlining the importance of clarity and accessibility in financial systems while noting the difference between accounts receivable from different practices. The episode also delves into the significance of having an effective billing system for maintaining regular cash flow in a practice.

Highlights:

  • 02:11 Challenges Faced by Practice Owners
  • 02:55 The Importance of Productivity and Setting Expectations
  • 04:39 The Paradox of Earning More by Working Less
  • 05:29 The Importance of Tracking Metrics and Systems
  • 06:18 The Role of Financial Systems in Your Practice
  • 09:54 The Importance of Billing Systems


LINKS & RESOURCES


Podcast Production and Show Notes by
Course Creation Studio