PODCAST · business
Speech Therapy Private Practice Startup Podcast
by Kyle Meades
Start a Real Speech Therapy Private Practice
Episodes
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34: Claim Denials in Speech Therapy Private Practice
When you work with insurances in speech therapy private practice, you will have claim denials. In this episode, I discuss common causes of claim denials as well as speak about patterns and trends to watch out for when dealing with insurances so that you can get paid. In this episode: 01:28 –…
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33: Responsibility in Speech Therapy Private Practice
Responsibility in your speech therapy private practice can come in many forms. The most obvious is being responsible to your patients, showing up and delivering good quality treatments and working on your offer that converts. There is also financial responsibility, social responsibility,...
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32: Payment Audits in Speech Therapy Private Practice
Going through an audit in speech therapy private practice can be frustrating, time consuming and scary (but it doesn’t have to be). In this episode, I reveal a few items that a financial auditor will require from you as a provider plus give you important insight to required documentation that…
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31: Revenue and Expenses in Speech Therapy Private Practice
In speech therapy private practice, there are two things that really matter if you want to stay profitable (and open for business). In this episode, I discuss revenue and expenses and the importance of managing the flow of money coming into and out of the practice. In this episode: 02:00 –…
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30: Encouragement – The Fuel for Speech Therapy Private Practice Growth
When starting a speech therapy private practice, we need to have lots of hope to start (and grow) the business. Alfred Adler said, “Hope is the foundational quality of all change, and encouragement is the fuel which keeps hope alive.” In this 30th episode, I start out by answering two questions...
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29: Your Private Practice & the Travel Test
Let’s face it, we all want (and need) to get away from time to time so that we can relax and spend time with our family. But when you’re in business, you may not get paid if you’re not seeing patients. In this episode, I discuss the travel test and why it is important that you pass this important...
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28: Ten Percent of Something is Better than One Hundred Percent of Nothing
In Episode 28, I talk about the cost of doing business. When I was very young, my dad (who was a hard-working plumber with an 8th grade education – he had over 100 employees in his plumbing contracting company) made me work hard. I hated all of the physical labor at that time, but reflecting back...
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27: Bright, Shiny Objects (BSOs)
Bright shiny objects (BSOs) are what destroy our motivation, desire and drive to start our speech therapy private practice. It’s seems like wherever we turn, BSOs are distracting us from our ultimate goal: Start, grow and scale our very own speech therapy private practice. Some of the more common...
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26: SOPs and the Noah Principal
Standard Operating Procedures (SOPs) and the NOAH Principal are very important to remember as you start and grow your speech therapy private practice. In this episode, I discuss keeping notes and logging every aspect of your business on paper. You will quickly find that when you are just starting...
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25: Attention to Detail for Speech Therapy Private Practice
Attention to detail is very important in speech therapy private practice. In this podcast, I will discuss those “little things” that we as business owners do on a daily basis to set the standard of care in our speech therapy private practice. If these tasks are neglected, people will notice, and...
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24: Cash Flow Basics for Speech Therapy Private Practice
When you have a speech therapy private practice, you’ve got to have cash in the bank to operate appropriately. Keep in mind, if you don’t have enough money to cover your expenses, then you’re really working for someone else, and that someone else is the bank. In this episode, I discuss the basics...
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23: Hiring Employees: What You Need to Know
Hiring your first (or 35th) employee is a big deal, and doing things the correctly is important. In this episode, I run through some of the most important things to consider when hiring your employees. I recently went through a audit at the State level for all of our employees, so I thought you...
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22: A Few Thoughts About Taxes and Speech Therapy Private Practice
Welcome to the first episode of 2017! When a new year starts, the subject of taxes usually comes up. When you own a speech therapy private practice, you are responsible for making timely income tax and employee withholding payments to Federal and State governments. In this episode, I discuss…
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21: Goals Are Good But Systems Are Better
As you start, grow or scale your speech therapy private practice, you must have systems in place. Systems are a set of rules or procedures that others can learn to accomplish a larger outcome. As an owner, these systems will allow others to help and assist so that the owner can accomplish tasks.…
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20: Avoiding Burnout in Speech Therapy Private Practice
When you are starting, growing and scaling a speech therapy private practice, you have to pace and take care of yourself. This can be difficult, especially in the early years of your private practice, because often you are taking care of all aspects of the business: Scheduling, referrals,...
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19: Payroll: What You Need To Know In Speech Therapy Private Practice
If you have employees, check out Intuit Payroll. I have used this payroll service for years. I know there are other services out there; However, with 35 employees on the books, I like to look at all of the numbers, reports and keep a close eye on what goes out of the businesses twice monthly. In...
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18: Negative Feedback: On a Positive Note
It’s going to happen to us all, no matter how hard you try, no matter how many Starbucks cards you give away in your clinic for positive feedback, no matter how many families that you ask to leave positive reviews online. The day will come, I promise. And when it does, embrace it and learn from…
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17: The Foundation of a Successful Speech Therapy Private Practice
I’ve said it before and I’ll say it again: If you want to have a successful speech therapy private practice, then work on your relationships with your clients, referral sources and employees. In our profession, we really get to know others. That’s what happens when you work with a family or co...
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16: Accepting Insurances: How to Have a Successful Speech Therapy Private Practice
Many people contact me and ask this question, “How do I start a speech therapy private practice and just take cash and not deal with insurances and minimize headaches”? There isn’t an easy answer to this question, because with the increase of consumers forced to have insurance coverage, people…
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15: Lessons Learned from the Side Streets
I always take the side streets and back roads. The other day I was thinking after I made it to the office, Speech Therapy private practice is comparable to the side streets in that it’s not always fast, you must plan, and you have many starts and stops along the way. In episode 15, I talk about…
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14: You’re Either Consuming or Producing
When you start, manage and grow your own speech therapy private practice, time is always limited. Let’s face it, there are only so many hours a day, right? Making a commitment to start a speech therapy private practice is important step in your financial future. Sunset Beach, North Shore, O’ahu…
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13: What You Need to Know: Scheduling Essentials In Speech Therapy Private Practice
We really aren’t trained in graduate school to create boundaries for ourselves and say “no” sometimes. When scheduling clients, we need to be clear and have expectations for clients and families so that we can do the best job possible. Treatment is a 2-way street. We have to value client’s time…
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Speech Therapy Private Practice Is a Long Game
When I am working with others, I always stress the importance of dedication and persistence. You have to remember that success in anything that we do happens over time. So many people think that making a few changes in their life will automatically lead to a successful outcome. In business, we…
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No Apps For This
I was thinking the other day after speaking to this gentleman about his private practice. With all of the technology at our finger tips, there is no substitute for old-school drive, desire, motivation and “elbow grease”. He wanted to know what app that I used to organize “this” and complete…
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10: Checklist for Out of Network Benefits
Sharon, a SLP from Washington State emailed me recently (actually while I was in the hospital passing a kidney stone — there’s a first time for everything, right?!) regarding out-of-network benefits (OON). In this podcast, I discuss a checklist that you can use in your business to process…
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Managing Distractions
Distractions are everywhere. In today’s world, companies left and right are competing for just 2 seconds of our time in order to sell us something or capture our details. As a business owner, we have to remember that staying focused is very important to business growth and development. In this...
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8: Managing Expenses In Your Speech Therapy Private Practice
Managing your expenses is a key part in having a successful private practice. One way to do this is by using an Apple or Android device and certain applications. In this episode, I will share my experience with one application called XpenseTracker. I have used this application to manage multiple...
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Cognitive Distortions
Cognitive distortions are ways that our mind convinces us of something that simply isn’t true. These irrational thoughts are usually used to reinforce negative thinking or emotions, such as telling ourselves things that sound rational and accurate, but really only serve to keep us feeling bad…
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6: Six Principals For Business Growth
If starting and running a speech therapy private practice were easy, everybody would be doing it. Winston Churchill was a British statesman who was the Prime Minister of the United Kingdom from 1940 to 1945 and again from 1951 to 1955. He acknowledges six important principals that are important…
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5: Your First Speech Therapy Office
Your first office doesn’t have to be perfect. As a matter of fact, easing into your new space and growing slowly over time is a smart way to manage cash flow while growing your referral base. In this episode, you’ll hear how we moved from community visits to our first office, then adding 2...
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ABOUT THIS SHOW
Start a Real Speech Therapy Private Practice
HOSTED BY
Kyle Meades
CATEGORIES
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