April 16, 2024

How to Transition from Solo to Group Practice Owner - Live Consulting with Liz Fava | WP77

43 minutes

Transitioning from Solo to Group Practice: Insights and Strategies

In this Wise Practice Podcast episode, the host interviews Liz Fava, owner and director of Fava Counseling Associates, about transitioning from a solo to a group practice. They discuss the challenges of implementing new systems and processes necessary for group management, like intake procedures and communication methods. Additionally, the host announces a free webinar focused on making faith-based decisions in private practice, emphasizing the importance of aligning business decisions with personal beliefs and values. Liz shares her journey, including the decision to start a group practice following maternity leave and the strategic moves made to accommodate growth, such as acquiring more office space and hiring additional therapists and administrative support. The conversation also covers various aspects of running a group practice, from delegation to the importance of tracking client conversions and the utility of tools like the Spruce app for managing communications. The episode provides valuable insights for therapists considering or in the process of transitioning to a group practice model.

Show Highlights

00:00 Welcome to the Wise Practice Podcast
00:14 Transitioning from Solo to Group Practice: Challenges and Solutions
00:52 Free Webinar Announcement: Faith-Based Decisions in Practice
02:11 Meet Liz Fava: A Journey from Solo to Group Practice Owner
04:34 The Evolution of Fava Counseling Associates
09:55 Live Consulting: Growing Your Practice and Delegating Effectively
19:09 Streamlining Business Operations with Gusto
22:08 Navigating Remote Work Challenges and Considering In-Person Support
24:10 Exploring the Benefits of Hiring an Office Manager
25:16 Leveraging Team Members for Administrative Roles
26:33 Transitioning from Solo to Group Practice: Letting Go and Delegation
28:56 Conducting a Time Audit to Improve Efficiency
31:16 Navigating Clinical Supervision and Legal Considerations
33:19 Optimizing Phone Systems for a Growing Practice
38:29 The Value of Community and Continuous Learning
41:12 Closing Thoughts and Acknowledgements

How Can Guto Hep Save Time with Payroll Processing?

Gusto is an excellent payroll processing option for therapist group practice owners due to its intuitive interface and comprehensive support. It simplifies the complex task of managing payroll, taxes, and employee benefits, which is particularly beneficial for practices with multi-state employees. Gusto’s paperless onboarding streamlines the hiring process, and its user-friendly software makes it easy for administrative staff to run payroll efficiently. Additionally, Gusto’s responsive phone support ensures that questions or issues are promptly addressed, allowing therapists to focus more on their clients and less on administrative tasks. If you sign up using this link, you will get a $100 sign-on bonus!