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

Arc Integrated specializes in helping leaders navigate change with confidence. With personalized coaching, leadership training, and strategic planning, Arc Integrated helps clients reduce stress, enhance communication, and build emotional intelligence within their teams.

Clients of Arc Integrated report results like...

• Improved leadership skills
• Increased team cohesion
• Enhanced organizational performance
• Increased retention of employees

Visit www.arcintegrated.com/coaching to schedule a free leadership consultation. You'll have the chance to receive some tangible strategies to help drive the success of your practice.

Show Sponsor TherapyFlow

Struggling to market your therapy practice? You're not alone. Most practice owners prefer focusing on clients and practice growth, rather than marketing. That's where TherapyFlow comes in. They specialize in done-for-you marketing for solo and group practice owners. TherapyFlow has helped thousands of practice owners attract new clients. Ready to grow? Visit mytherapyflow.com to book your free marketing consultation today!

Links and Resources

PracticeVital

Complete an application to work with a Wise Practice Consultant

Looking for support and connection: Join the Wise Practice Community

Learn More about Wise Practice Consulting

Connect with Wise Practice on Instagram

Connect with Whitney Owens on Facebook

Check out all of the podcasts on the PsychCraft Network