Episode 73 | [Tip of the Day] Profit Sharing

Episode 50: [Tip of the Day] Who are Your Rockstars & Superstars?

Hello Group Practice Listeners! In this Tip of the Day episode, I’m talking about profit sharing. 

In this episode, I discuss:

  • different ways that group practices use profit sharing
  • how I like to think about profit sharing
  • how to integrate profit sharing with Profit First
  • getting creative with how to pay your superstar employees
  • one simple example of how to structure profit sharing in your group practice
  • how profit sharing can work year to year

Have you implemented profit sharing in your practice to incentivize your clinicians? Let me know how it works in your practice!

This episode is sponsored by TherapyNotes. TherapyNotes is an EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. I use TherapyNotes in my own group practice and love its amazing support team, billing features, and scheduling capabilities. It serves us well as a large group practice owner.


therapy notes*Need a good EHR for your group practice? TherapyNotes is it. I’ve been using it for years in my own group practice, and it does really well when it comes to having the features group practice owners need. Try it out for FREE for 2 months by clicking here.

* I am an affiliate for some of the businesses I recommend. These are companies that I use in my own group practice, and make recommendations based off of my experience with them. When you use some of these companies through my links, I receive compensation, which helps me continue to offer great free information on my podcast, blog, Facebook group, and website.

Interested in leadership training for your Clinical Director and Supervisors?

The Leader Tribe is a group for clinical leaders inside a group practice. Whether Clinical Directors, Supervisors, Team Leads, (or whatever you call them!), The Leader Tribe is a training hub and community for clinical leadership teams. Facilitated by Maureen’s own Clinical Director of Urban Wellness, Lauren Fontana, LCSW, she’ll guide emerging and seasoned leadership staff into confident leaders and provide a space for support. Give them leadership support from someone who is in their shoes.

Learn more about the Leader Tribe here!

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MAUREEN WERRBACH
Maureen Werrbach is a psychotherapist, group practice owner and group practice coach. Learn more about her coaching services here:
LEARN MORE HERE
2019-12-06T15:52:16+00:00 By |0 Comments

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