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10 Most Common Money Leaks in Your Private Practice | WP 100
Manage episode 441562264 series 3559787
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Whitney Owens celebrates her 100th episode of The Wise Practice Podcast with a must-listen conversation about one of the most crucial topics for private practice owners: money leaks. Running a practice requires more than clinical skills—it demands solid financial management. In this special episode, Whitney dives into the top 10 money leaks that could be silently draining your profitability and offers actionable advice on how to plug them. From knowing your numbers to avoiding overspending on rent and unproductive marketing investments, Whitney provides invaluable insights to help you build a thriving, financially healthy practice.
02:44 Celebrating Episode 100 of the Wise Practice Podcast 03:28 Top Money Leaks in Private Practice 05:43 The Importance of Tracking Your Numbers 09:54 Managing Expenses Effectively 12:14 Optimizing Office Space and Rent 16:05 Marketing Strategies That Work 20:23 The Importance of Timely Client Responses 21:02 Maximizing Administrative Efficiency 22:50 Social Media and Email Marketing 23:50 Clinician Pay Strategies 27:47 Setting Appropriate Clinical Rates 28:49 Maintaining a Full Caseload 31:46 Managing Clinician Turnover 33:12 The Value of Business Consulting
Show Sponsor Arc Integrated
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Show Sponsor TherapyFlow
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