By Whitney Owens
5
5959 ratings
The podcast currently has 100 episodes available.
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...
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
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Whitney's solo episode on the Wise Practice Podcast dives into the critical topic of money mindset for faith-based practice owners. She emphasizes the importance of financial literacy and the spiritual significance of managing money wisely, recognizing that as practices grow, so does the responsibility of financial stewardship. Whitney shares personal experiences about the fear and challenges of making financial investments in her business, such as hiring staff and expanding her office space, and highlights common money mindset blocks, like undervaluing services and fear of taking risks. Ultimately, she encourages listeners to shift their mindset, invest wisely, and embrace the financial growth that supports their calling, all while grounding their decisions in faith and Biblical principles.
03:09 Money Mindset: The Key to Practice Growth 10:24 Common Money Mindset Blocks 20:53 Biblical Principles on Money Management 27:41 Conclusion and Encouragement
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 to reduce stress, enhance communication, and build emotional intelligence within their teams.
Clients of Arc Integrated report results like...
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 RevKey
As a mental health professional, you probably pursued this career to make a difference in people's lives. After years of education, training, and professional practice, you've identified specific areas of expertise where you excel and are eager to assist the clients in your niche. However, you've noticed that these particular clients aren't seeking your services. While you enjoy helping any client who comes to you, your desire is to work closely with those whom you can best support.
This scenario is familiar to many therapists who are starting out in private practice, aiming to build a client base aligned with their expertise. But this doesn't have to be your experience. RevKey, a Google Ads Agency that specializes in working with practices of all sizes, offers solutions through Google Ads and digital marketing strategies that can effectively connect you with your ideal clients.
Reach out to the experts at RevKey today to grow your business in the right direction!
Links and Resources
Looking for support and connection: Join the Wise Practice Community
Learn More about Wise Practice Consulting
Connect with Wise Practice on Instagram
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Check out all of the podcasts on the PsychCraft Network
In this episode of the Wise Practice Podcast, host Whitney Owens introduces Nate Hendrikse, founder of Navigator Bookkeeping, to discuss the importance of understanding financial stories in private practices. Nate explains how practice owners can achieve financial confidence by analyzing their numbers and making informed decisions. He shares practical steps to manage bookkeeping, strategies for hiring, and optimizing clinician profitability. The episode emphasizes the need for good cash flow management and offers resources like the profitability dashboard tool and free tactical sessions for therapists. Whitney also updates listeners on her building purchase adventures and highlights upcoming events like the Wise Practice Summit.
01:46 Financial Stories in Practice Management 04:37 Introducing Nate Hendrikse from Navigator Bookkeeping 09:05 Understanding Your Financial Story 20:00 Discovering QuickBooks: A Game Changer 21:06 Challenges of Scaling a Practice 22:09 Hiring Your First Clinician: Key Considerations 23:02 Pay Structures and Profitability 25:49 The Importance of a Profitability Dashboard 30:27 Managing Cash Flow in Private Practice 35:02 Resources and Support for Practice Owners 36:57 Conclusion and Final Thoughts
Show Sponsor Twin Oaks Medical Management
Navigating credentialing and insurance contracts can be daunting. That's where Twin Oaks Medical Management steps in. Their expert team specializes in seamlessly guiding your practice through this intricate process. They take the headache out of insurance by making sure that you are credentialed and contracted with major insurers. Not only do they handle the paperwork, but Twin Oaks Medical Management also negotiates competitive fee schedules that work for your practice. Imagine having the peace of mind of knowing that your financial agreements are optimized to support your growth and sustainability.
Expanding your network and increasing patient access is crucial for any practice's success. With Twin Oaks Medical Management, you can focus on delivering exceptional care while they handle the administrative complexities.
To learn more about how they can help with credentialing and contracting by visit them today at www.twinoaksmm.com.
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 to reduce stress, enhance communication, and build emotional intelligence within their teams.
Clients of Arc Integrated report results like...
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.
Nate Hendrikse’s Resources
Links and Resources
Looking for support and connection: Join the Wise Practice Community
Learn More about Wise Practice Consulting
Connect with Wise Practice on Instagram
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Check out all of the podcasts on the PsychCraft Network
In this episode of the Wise Practice Podcast, host Whitney Owens interviews Tracy Greig, owner of Twin Oaks Medical Management, who brings over 35 years of experience in medical management. Tracy shares valuable insights into the increasing prevalence of insurance audits, the role of AI and robust algorithms in catching claim errors, and the importance of proper billing, coding, and compliance. She explains the intricacies of navigating insurance contracts, particularly for telehealth services, and offers advice on handling audits to avoid financial repercussions. Tracy also discusses the ethical considerations in couples therapy within insurance-based practices. Listeners will gain practical strategies to ensure regulatory compliance and maintain the integrity of their practice.
00:00 Introduction to Arc Integrated 00:45 Welcome to the Wise Practice Podcast 01:33 Guest Introduction: Tracy Greig 01:56 Understanding Insurance Audits 02:07 Preventing Therapist Burnout 03:08 The Importance of Community Engagement 07:49 Insights on Telehealth and Insurance 13:40 Navigating Insurance Contracts 26:08 Handling Insurance Audits 32:29 Conclusion and Special Offers
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 to reduce stress, enhance communication, and build emotional intelligence within their teams. 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 RevKey
Are you struggling to get new clients? Not sure how to best promote your business? If you find yourself asking these questions it might be time to take the next step in your digital marketing journey and invest in paid advertising. Google Ads is one of the most popular and widely used online advertising platforms, and generally the best for exposure.
At RevKey, their Digital Marketing experts can leverage Google Ads and digital advertising to get your business to the top of search results and keep your company front of mind with potential clients. RevKey account managers have worked with therapy practices of all sizes to find the right clients for their therapists and keep their calendars fully booked. If you’re ready to get more of the right clients for your practice, reach out to RevKey today and see how they can help take your practice to the next level!
Tracy Greig Resources
Twin Oaks Medical Management
Links and Resources
Looking for support and connection: Join the Wise Practice Community
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Connect with Wise Practice on Instagram
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Check out all of the podcasts on the PsychCraft Network
In this episode of the Wise Practice Podcast, host Whitney Owens interviews Roma Williams, a seasoned marriage and family therapist and author. They discuss effective communication strategies for leaders, emphasizing clarity, active listening, consistency, and the importance of providing constructive feedback. Roma shares insights from her book, "Unload It: An Effective Guide to Leveling Up Your Communication," and offers practical tips for improving communication within teams. Listeners will gain valuable advice on avoiding common communication pitfalls and fostering a cohesive work environment.
00:00 Introduction to Arc Integrated 00:45 Welcome to the Wise Practice Podcast 07:08 Introducing Roma Williams 12:39 Challenges in Communication 20:38 The Importance of Listening Skills 23:16 Active Listening Techniques 28:18 Avoidance in Leadership 31:03 Consistency in Messaging 35:35 Effective Feedback and Transparency 38:49 Conclusion and Contact Information
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 to reduce stress, enhance communication, and build emotional intelligence within their teams. 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 Twin Oaks Medical Management
With Twin Oaks Medical Management as your partner, you will have the confidence and peace of mind that your business is taken care of. No longer having to worry about the time-consuming day to day business operations, you’ll be able to focus your time and energy back on treating your patients, all while maximizing your profits!
Roma Williams Resources
Download Your Free Preview of "Unload It: An Effective Guide to Leveling Up Your Communication"
Unload It Therapy
TikTok
Links and Resources
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
In this episode of the Wise Practice Podcast, host Whitney Owens interviews Neil Samudray, founder of Entrecare and the group practice Enjoyco. The discussion centers around taking risks in private practice, especially within faith-based practices, and how to navigate the growing pressures and changes in the mental health industry. Neil shares insights on overcoming fear, embracing a mindset of joy and play, and the importance of community and coaching in achieving business growth. Listeners will gain practical tools and inspiration to grow their practice while maintaining personal well-being and impact on their communities.
Show Highlights00:00 Introduction to Whitney Owens and Wise Practice Podcast
05:28 Interview with Neil Samudre: Founder of Entrecare
06:29 Personal Life and Hobbies of Neil Samudre
08:54 Risk Taking in Private Practice
11:04 Overcoming Fear and Imposter Syndrome
14:45 The Importance of Community and Support
22:43 Practical Steps for Practice Owners
36:35 Conclusion and Upcoming Events
Show Sponsor Twin Oaks Medical ManagementWith Twin Oaks Medical Management as your partner, you will have the confidence and peace of mind that your business is taken care of. No longer having to worry about the time-consuming day to day business operations, you’ll be able to focus your time and energy back on treating your patients, all while maximizing your profits!
Arc Integrated specializes in helping leaders navigate change with confidence. With personalized coaching, leadership training and strategic planning, Arc Integrated helps clients to reduce stress, enhance communication, and build emotional intelligence within their teams. 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.
Website: Entrecare
Social Media Handles: https://www.facebook.com/neal.samudre
Book Your Demo Call: Free Demo of The Empowered Practice System
Book: Strat From Joy: Trade Shame, Guilt, and Fear for Lasting Change, a Lighter Spirit, and a More Fulfilling Life
Looking for support and connection: Join the Wise Practice Community
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Connect with Wise Practice on Instagram
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Check the podcasts on the PsychCraft Network: PsychCraftnetwork.com
Podcast Production and Show Notes by Course Creation Studio.
Exploring Faith-Based Therapy and Enneagram Insights with Ainsley Britton
In this episode of the Wise Practice Podcast, Whitney Owens, a group practice owner and faith-based practice consultant, introduces her new friend Ainsley Britton. Ainsley, an author, podcast host, and Enneagram coach, shares her journey with the Enneagram and how it has helped her understand herself and her relationships better. The podcast delves into the applications of the Enneagram in personal growth, therapy, and even corporate settings. Ainsley also addresses common misconceptions about the Enneagram and provides resources for further exploration. This episode is a valuable resource for therapists, parents, and individuals interested in integrating faith and psychology.
If you’re looking for a financial ally, Navigator Bookkeeping is offering a limited number of free tactical strategy sessions to listeners of the Wise Podcast. In those 30 minutes, they’ll diagnose the financial health of your practice and, together with you, create a plan for profitability and positive cash flow. Just go to www.navigatingyourbooks.com/wise to schedule your session now.
With Twin Oaks Medical Management as your partner, you will have the confidence and peace of mind that your business is taken care of. No longer having to worry about the time-consuming day to day business operations, you’ll be able to focus your time and energy back on treating your patients, all while maximizing your profits!
Ainsley Britain’s Web Page
Find The Enneagram for Teens book and a free "find your enneagram type" flow chart here
The Enneagram for Teens: A Complete Guide to Self-Discovery and Spiritual Growth on Amazon
@ainsleyb • Instagram photos and videos
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 Ownes on Facebook
Check the podcasts on the PsychCraft Network: PsychCraftnetwork.com
Podcast Production and Show Notes by Course Creation Studio.
In this episode of the Wise Practice Podcast, host Whitney Owens interviews Chuck DeGroat, a seasoned pastor, therapist, and author. They delve deep into Chuck's new and previous books, discussing topics such as trauma, narcissism in the church, and the importance of doing one's own therapeutic work. Chuck shares his rich experience from teaching at Western Theological Seminary and starting Christian clinical mental health programs. The conversation also touches on the personal journey of balancing professional and spiritual life, highlighting valuable lessons for faith-based therapists.
Show Highlights00:00 Introduction to Whitney Owens and Wise Practice Podcast
06:01 Guest Introduction: Chuck DeGroat
06:35 Chuck DeGroat's Background and Work
07:40 Discussion on Chuck's Books and Themes
10:03 Exploring Trauma and Disconnection
13:30 Three Questions from Genesis
15:25 Personal Stories and Reflections
19:40 Advice for Therapists and Self-Work
28:47 Starting Counseling Centers in Churches
31:10 Chuck's Current Work and Future Plans
35:12 Conclusion and Final Thoughts
Resources and LinksChuck DeGroat has written several books that delve into the topics of trauma, narcissism, and pastoral care. Here are some resources mentioned in the podcast:
Books by Chuck DeGroat:
When Narcissism Comes to Church
Toughest People to Love
Wholeheartedness
Healing What’s Within: Coming Home to Yourself--and to God--When You're Wounded, Weary, and Wandering (Coming October)
Free Workshop on Spiritual Abuse and Religious Trauma: If you pre-order Chuck's upcoming book, you can access a two-hour workshop. Visit his website and submit your receipt information to receive the workshop.
By partnering with Practice Solutions, you can remove the burden of billing and focus on patient care. Visit www.practicesol.com/wise to schedule a free consultation, determine which solution is right for you, and receive 15% off your first three months of billing.
If you’re looking for a financial ally, Navigator Bookkeeping is offering a limited number of free tactical strategy sessions to listeners of the Wise Podcast. In those 30 minutes, they’ll diagnose the financial health of your practice and, together with you, create a plan for profitability and positive cash flow. Just go to www.navigatingyourbooks.com/wise to schedule your session now.
Chuck DeGroat Website: You were created to flourish
Chuck DeGroat on Instagram
Chuck DeGroat on Facebook
Looking for support and connection: Join the Wise Practice Community
Learn More about Wise Practice Consulting
Connect with Wise Practice on Instagram
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Check the podcasts on the PsychCraft Network: PsychCraftnetwork.com
Podcast Production and Show Notes by Course Creation Studio.
In this episode of the Wise Practice Podcast, Whitney Owens, a group practice owner and faith-based practice consultant, shares strategies for managing the departure of therapists from a practice gracefully and with a Christian perspective. She emphasizes five key steps: not taking it personally, supporting the departing therapist, creating an efficient transition process, conducting exit interviews, and observing God's hand in the transitions. Whitney recounts personal experiences and offers tips on handling the emotional and logistical challenges, aiming to help practice owners maintain a compassionate and effective environment.
00:00 Introduction to Whitney Owens and Wise Practice Podcast
01:59 Welcome Back and Listener Engagement
02:30 Upcoming Wise Practice Summit
04:57 Graceful Transitions When Therapists Leave
15:32 Steps for a Smooth Transition Process
20:47 Exit Interviews and God's Movement
28:56 Final Thoughts and Acknowledgements
Do not take it personally
Support therapist as they exit
Create a Transition Process
Complete an Exit Interview
Look for God's Movement in the Process
By partnering with Practice Solutions, you can remove the burden of billing and focus on patient care. Visit www.practicesol.com/wise to schedule a free consultation, determine which solution is right for you, and receive 15% off your first three months of billing.
Show Sponsor Navigator BookkeepingIf you’re looking for a financial ally, Navigator Bookkeeping is offering a limited number of free tactical strategy sessions to listeners of the Wise Podcast. In those 30 minutes, they’ll diagnose the financial health of your practice and, together with you, create a plan for profitability and positive cash flow. Just go to www.navigatingyourbooks.com/wise to schedule your session now.
Links and ResourcesLooking for support and connection: Join the Wise Practice Community
Learn More about Wise Practice Consulting
Connect with Wise Practice on Instagram
Connect with Whitney Ownes on Facebook
Check the podcasts on the PsychCraft Network: PsychCraftnetwork.com
Podcast Production and Show Notes by Course Creation Studio.
In this episode of the Wise Practice Podcast, host Whitney Owens, a group practice owner and faith-based consultant, shares a personal and faith-inspiring story about her journey to purchase a new building for her practice. From initial excitement and divine signs to roadblocks in zoning and appraisals, Whitney describes her challenges and victories. She emphasizes the importance of faith, patience, and God's timing in business decisions. Additionally, Whitney intertwines practical advice on handling financial aspects of a practice and the support she received, highlighting the role of faith in overcoming obstacles and achieving goals.
Show HighlightsBy partnering with Practice Solutions, you can remove the burden of billing and focus on patient care. Visit www.practicesol.com/wise to schedule a free consultation, determine which solution is right for you, and receive 15% off your first three months of billing.
If you’re looking for a financial ally, Navigator Bookkeeping is offering a limited number of free tactical strategy sessions to listeners of the Wise Podcast. In those 30 minutes, they’ll diagnose the financial health of your practice and, together with you, create a plan for profitability and positive cash flow. Just go to www.navigatingyourbooks.com/wise to schedule your session now.
WP 86 | Most Common Mistake Made When Purchasing or Leasing Office Space with Colin Carr
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 Ownes on Facebook
Check the podcasts on the PsychCraft Network: PsychCraftnetwork.com
Podcast Production and Show Notes by Course Creation Studio.
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