WP 14 | How to get Unstuck in your Practice - live consulting with Brenda Stewart

Summary

In this conversation, Whitney Owens, a successful business consultant, is providing guidance to Brenda Stewart, a therapist looking to expand her practice. Whitney shares valuable insights and advice on staying a cash-based practice, converting clients to cash pay who want to use their insurance benefits, and decisions around space and growing. With Whitney's expert guidance and the support of the Wise Practice Community, Brenda is taking her therapy practice to the next level.

Advice on cash-based vs insurance clients

Whitney helps Brenda think through the pros and cons of taking on insurance based clients. Currently she has a policy of not taking insurance-based clients and only taking cash-based clients. The first piece of advice is there is no wrong answers. Either method is viable. One of the pros of taking insurance is it could potentially open up a larger client base for her business. Whitney also recommends that Brenda should research the insurance reimbursement process and understand how to navigate the paperwork and documentation required. She suggests that Brenda should consider the possibility of hiring a billing specialist to handle the insurance aspect of her business. Overall, Whitney advises Brenda consider the impact of accepting insurance-based clients and to take the necessary steps to stay a cash based practiced before changing to an insurance based practice. Its hard to start a group practice and understand what “normal” is for a group-practice that is 6-months old.

Build a Therapeutic Relationship

The first contact call is important for attracting and scheduling clients. People do not understand how insurance work. It might take a little extra time to explain why a practice is cash pay. You may have to explain superbills and help them check benefits. Investing in a service that understands the receptionist needs of a cash based practice may be one option to increase the conversion rate.

Focus on customer service

Another encouragement is to prioritize exceptional customer service as a way to build loyal relationships with her clients and ensure repeat business. She stresses the importance of being responsive and attentive to the needs of her clients, creating a welcoming and comfortable environment for them, and going above and beyond to exceed their expectations.

Evaluate and adjust

Running a group practice it is easy to over analyze and get stuck. There was a discussion on the use of space and making adjustments. They talk through different ways to get mor use out of her current space as well as alternatives for growing. Whitney advises Brenda to regularly evaluate her business strategies and make adjustments as needed to ensure continued success and growth. She emphasizes exploring different opportunities and partnerships to expand her office.

Audio Production and Show Notes Provided by James Marland

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WP 15 | How to Create your Own CE Courses with Lisa Mustard

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WP 13 | How to Work with Church Staff Members - Live Consulting with Melissa Altman