Episode 177 Beyond Therapy: Positioning Your Practice as a Supervision Hub for Growth 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 177 Beyond Therapy: Positioning Your Practice as a Supervision Hub for Growth

April 25, 2025 • Julie Herres • Season 5 • Episode 177

Adding Supervision to Your Therapy Practice for Financial Stability

In this episode of 'Therapy for Your Money,' host Julie Herres welcomes Brittany Schank to discuss the benefits of incorporating supervision into therapy practices. Brittany, a group practice owner from Fargo, North Dakota, shares her journey of adding supervision to create financial stability amidst the unpredictable nature of insurance payments. They delve into the logistical aspects of providing supervision, including the establishment of fair rates, group versus individual supervision dynamics, and advertising strategies. The discussion also covers key considerations for practice owners, such as liability insurance, setting up contracts, and potentially separating supervision services from the core practice for legal and business reasons. This episode provides valuable insights into expanding revenue streams by offering supervision, making it a must-listen for therapy practitioners looking to enhance financial security.

Show Highlights

00:00 Introduction to Therapy for Your Money
01:01 Meet Brittany Schank: Group Practice Owner
01:59 The Financial Benefits of Supervision
03:30 Setting Up Supervision Services
04:30 Determining Supervision Rates
06:44 Group Supervision: A Profitable Approach
10:38 Advertising and Finding Supervisees
12:09 Legal and Logistical Considerations
18:35 Final Thoughts and Resources

Links and Resources

Solace Directory: https://solacecodirectory.com/

Money for Therapists Practice Startup - https://www.greenoakaccounting.com/startup

GreenOak Accounting - www.GreenOakAccounting.com

Therapy For Your Money Podcast - www.TherapyForYourMoney.com

Profit First for Therapists - www.ProfitFirstForTherapists.com

Profit First Academy - www.ProfitFirstForTherapists.com/Academy

Podcast Production and Show Notes by Course Creation Studio