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Podcast: The Practice of Therapy Podcast
Episode: Julie Herres | How to Build a Profitable Group Practice: Compensation and Beyond | TPOT 348
Description: In this episode of The Practice of Therapy Podcast, guest Julie Herres brings invaluable insights into the critical role of compensation in group practices. Julie highlights how compensation is often the largest expense in a group practice and underscores its importance for the overall financial health of the business. Many practice owners, she observes, make compensation decisions without sufficient thought, often relying on others' advice or social media rather than tailoring their approach to their unique business needs. Julie argues that profitability is essential for the survival and success of a group practice, emphasizing that every clinician...