Episode 177 Beyond Therapy: Positioning Your Practice as a Supervision Hub for Growth

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