Episode 168: Industry updates: 2024 was rough, we share tips for a bright 2025 Artwork

Therapy For Your Money

Welcome to Therapy for your Money, a podcast about all things money and finance for private practice owners! If you are ready to feel confident and in-control of your financial life, then you are in the right spot. Therapy for our Money is hosted by Julie Herres, the CEO and Founder of GreenOak Accounting. She and her firm specialize in working with private practice owners across the United States, and have assisted hundreds of private practices with increasing their financial stability and profitability. She is on a mission to share her best practices she's learned along the way through her successful career as an accountant, discusses financial topics with a wide variety of guests, and help her listeners make data driven decisions to help their businesses.

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Therapy For Your Money

Episode 168: Industry updates: 2024 was rough, we share tips for a bright 2025

February 21, 2025

Navigating Financial Challenges in 2025: Insights and Strategies for Therapy Practice Owners
In this episode of 'Therapy for Your Money,' host Julie Herres, owner of Green Oak Accounting and author of 'Profit First for Therapists,' is joined by frequent guest Jackie Carter to discuss various financial topics relevant to therapy practice owners. They cover a quarterly recap focusing on the challenges and changes faced by private practices in 2024, the importance of optimizing marketing efforts, and the critical role of administrative efficiency. They also stress the necessity of active participation from practice owners, especially during tough financial times, and explore affordable self-care practices to avoid burnout. As Jackie eloquently states, 'It just takes one small thing a day to make a difference in the long run.'

Show Highlights

00:00 Welcome to Therapy for Your Money

00:45 Quarterly Recap with Jackie Carter

01:43 Challenges Faced by Practice Owners in 2024

05:31 Marketing Strategies for Group Practices

07:44 The Importance of Timely Responses

10:35 Facing Financial Realities

13:55 Managing Administrative Costs

19:16 Balancing Self-Care and Business Needs

26:11 Looking Forward: Optimism for Private Practices

29:52 Conclusion and Final Thoughts

Links and Resources