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Episode 324 - QuickStart Guide to Implementing Profit First in Your Practice



Listen now to our latest episode...




 

startup nation, meet: Julie Herres


Julie is the owner of GreenOak Accounting, a firm that exclusively serves private practice owners in the US.


Julie and her team have implemented Profit First with hundreds of clients and have seen the system transform practices from struggling to profitable.


Julie's goal is for every practice to be profitable, so she shares all her tips and tricks for implementing Profit First in mental health in her upcoming book: Profit First for Therapists.



show notes

  1. What is Profit First

  2. Why PF? I.e. what kind of transformations are possible, how does it positively impact practices and decision making

  3. 6 simple steps to get started

  4. Key drivers to success

  5. Common misconceptions or mistakes



Resources & giveaways


Guest's contact information


 

Meet your co-hosts:

Kate & Katie



 

our awesome sponsors:



Do you ever worry about money as a practice owner? If so, you're not alone.


I want to tell you about Profit First for Therapists, a new book that customizes the Profit First system SPECIFICALLY for private practice owners.


For therapists, profit is too often an afterthought. You focus on caring for clients and paying rent and clinicians, and take home the leftovers—if there are any. Through client stories and case studies, powerful frameworks, and simple tips, the book lays out a clear path to profitability.


You’ll find step-by-step instructions for implementing Profit First in practices of all sizes, from startups to multi-million dollar practices. It will leave you feeling empowered to look at your finances instead of crossing your fingers and hoping for the best.


Julie Herres from GreenOak Accounting, takes a subject that most therapists find confusing and speaks about it in a way that is simple and easy to understand. The book covers so much more than just Profit First, it also includes financial literacy building blocks and tips for scaling, paying down debt, paying yourself and much more.


This book will give you the tools you need to stop worrying about money and achieve financial freedom. Advance readers agreed: This is the missing link most practice owners need.


Go to www.profitfirstfortherapists.com/pps to order your copy today or find it on Amazon and other online bookstores!


As a private practice owner, there are dozens of things to worry about. If you decide to accept insurance, insurance billing doesn’t have to be a worry. Practice Solutions is a remote billing company who connects providers with billers in the U.S. who specialize in mental health billing. Their expertise has helped clinicians increase and maintain steady revenue by submitting and following up on claims regularly, resolving old aging claims, and performing eligibility and benefit checks. With Practice Solutions, you are assigned a billing expert who learns the ins and outs of your practice, functioning as an extension of your team, so you can focus on your clients and grow your practice.


One of Practice Solutions current clients, said, "Practice Solutions has been amazing for my practice, its growth, and my peace of mind when it comes to billing."


Practice Solutions works with clients ranging from solo practitioners just starting their practice, to larger group practices with multiple clinicians. Practice Solutions offers a free billing consultation to determine if their services are a good fit for you and your practice. Visit www.practicesol.com/startupnation and schedule an appointment.


Is managing your practice stressing you out? Try TherapyNotes! It makes notes, billing, scheduling, and telehealth a whole lot easier.


Check it out and you will quickly see why TherapyNotes is the highest-rated EHR on TrustPilot.com, with over 1500 verified customer reviews and an average customer rating of 4.9/5 stars.


You'll notice the difference from the first day you sign up for a free trial. They offer live phone support 7 days a week, so when you have questions, you can quickly reach someone who can help, and you are never wasting your time looking for answers.


If you are coming from another EHR, they make the transition really easy. TherapyNotes will import your clients' demographic data free of charge during your trial, so you can get going right away.


Go to Therapynotes.com and use the promo code PPS to get two free months to try out TherapyNotes for free, with no strings attached, and remember, telehealth is included with every subscription absolutely free. Make 2022 the best year yet with TherapyNotes.


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