The State of Private Practice Finances in 2024

The State of Private Practice Finances in 2024

Just the podcast-length version this week, because it was so action-packed :)

Thank you to TherapyNotes for sponsoring today’s episode. Get two free months with my link:
https://www.therapynotes.com/r/privat...

The folks at Heard conducted a survey assessing the state of finances for therapists in private practice. I got to sit down with Michael Fulwiler to go over the results. Some of them may surprise you! The report covers topics such as: how much do private practice therapists earn, what are average insurance reimbursement rates, did therapists raise their rates? And so much more.

A huge THANK you to Heard for conducting this survey and to Michael for taking the time to share the results. We touched on lots of stuff, but you can find links to everything we referenced below to follow along:

Download the Heard 2024 Financial Report:
https://www.joinheard.com/resources/d...

Free Heard webinar on June 14th at 9:00 am Pacific:
"How to Set Your Therapy Practice Up for Year-Round Financial Success"
https://us02web.zoom.us/webinar/regis...
If you can’t make that time, you’ll be sent a replay afterward

Check out Heard for a free 15-minute consultation:
https://bit.ly/3rNmDJx
(this is an affiliate link)

Quarterly Taxes Interview with Andrew Riesen from Heard:
   • What you Need to Know About Quarterly...  

S Corp Interview with Andrew Riesen from Heard:
   • Heard Tax Expert Breaks Down all Thin...  

Playlist of Prior Videos with Heard:
   • Ask the Tax Expert about Private Prac...  

LINKS
*Some links are affiliate links. A percentage of purchases come back to me and help my channel immensely!
👉 How to DIY a Therapist Website that Fills your Practice: https://privatepracticeskills.teachab...
👉 All my filming gear: https://kit.co/privatepracticeskills/...
👉 Music I use: https://www.epidemicsound.com/referra...

This video is geared toward therapists of all kinds, including psychologists, MFTs, LPCCs, social workers, and others in the clinical counseling field.

Welcome to Private Practice Skills! I’m Dr. Marie Fang, psychologist in private practice. I post videos offering tools I learned the hard way about starting and growing private practice so that you don’t have to.

Website:
www.privatepracticeskills.com

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This video is not intended as professional or legal advice. Be sure to seek the services of a professional if you are in need of them.