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