Are you a therapist grappling with how to ethically raise your therapy fees? You're not alone! In today's episode, I take you on a journey through the often misunderstood process of fee increases. I'll debunk myths and shed light on why it's not just okay but absolutely necessary for the health of your practice to increase your therapy fees periodically.

Then I'll delve into the importance of clear communication with clients about fee changes, providing them with reasonable notice, and setting up safeguards in the form of informed consent. You'll also learn how to handle situations where a client can't continue at the new rate and how to navigate these sensitive conversations. Plus, I'll discuss the crucial role of marketing when planning fee increases and the questions you need to tackle to ensure your practice continues to thrive even as you implement fee changes.

Are you ready to raise your therapy fees with confidence? Let's do it!

Topics covered in this episode:

• Can you raise your therapy fees whenever you want?
• Is it ethical to significantly raise your therapy fees?
• How to effectively and ethically communicate fee changes to your clients.
• What to do if a client cannot continue at the new rate.
• Why is it important to consider marketing strategies when raising your therapy fees?
• How can you prepare for different scenarios when raising your therapy fees?

Connect with Felicia:

• Get my freebie & join the email list: The Magic Sheets
• Instagram: @the_bad_therapist
• Website: www.thebadtherapist.coach
• Join my Facebook group: Healing Money
• Sign up for the Liberated Business Group Program: www.thebadtherapist.coach/liberatedbusiness
• 1:1 Private coaching: www.thebadtherapist.coach/private-coaching 

Resources from this episode:

• Ten Reminders for Therapists About Fees 
• Try My Therapist Rate Increase Letter Template [So You Don't Burn Out]
• Three Different Ways To Set Your Fee (spoiler, do all three!)
• SCRIPTS INCLUDED! How to Keep Your Intake Calls Under 10 Minutes, Reliably Book Clients, and Handle Objections without Falling into the Trap of Trying to Prove Yourself

Related episodes:

• How to Uphold Your Cancellation Policy Without Feeling Guilty [Ep 19]
• My Secret to Turning 10 Min Intake Calls Into Paying Clients [Ep 7]
• How to Raise Your Fees & Take a Week Off from Your Practice Every Month [Ep 2]

Quote:

“Yes, you are allowed to raise your fees by whatever amount that you choose.” - Felicia