Do you dream about growing and scaling your group practice from six to seven figures? It takes practice, partnerships, and profit. It’s a numbers game to add space and staff.
Today’s guest is Maureen Werrbach from The Group Practice Exchange. Maureen owns a group practice in three locations and started The Group Practice Exchange. Also, she partners with Mike Blumberg to present Group Practice Builders, an annual conference for group practice owners.
Episode Highlights:
- Starting Out Rule: When hired clinician is 70% full, onboard another provider
- Shift and Scale: Hire when you want and hire multiple people at the same time
- Staffing: Part-time people cost more for less work, full-times contribute more time and work
- Plan to Expand: Vision for group practice owners to add locations or expand space
- Work Culture: Minimal marketing by opening nearby locations and sharing clinicians
- Day-to-Day Decisions: Do what needs to be done, but add leadership to grow practice
- Tracking Metrics: Include clinician retention, intakes, inquires, and future appointments
- Decider vs. Delegator: Truly delegate by trusting those you hire to own the outcome
- Stressors: Going from six to seven figures? To scale and sell or not?
- Profit First: Maureen's favorite book to recommend when making financial decisions
Links and Resources:
The Group Practice Exchange
Group Practice Builders
Mike Blumberg
Profit First by Mike Michalowicz
GreenOak Accounting
Therapy For Your Money Podcast