Episode 115: How Working in a Community Can Help You Level Up Your ROI as a Group Practice Owner (with Stephanie Korpal & Christy Pennison)

We have another exciting new episode today all about a game changing strategy that can significantly boost your ROI as a private practice owner – collaboration. Mental health professionals often emphasize the importance of collaboration in their therapeutic work, but have you considered how collaboration can extend beyond therapy sessions and positively impact the financial health of your practice? Whether you're a seasoned practitioner or just starting, the power of collaboration can't be underestimated. Julie is joined by Stephanie Korpal and Christy Pennison of the Practice Collab to talk about their successes through the power of collaboration.

Stephanie Korpal and Christy Pennison are both group practice owners with multiple locations. Both women are passionate about their group practices, teams, and communities they serve--Stephanie in St. Louis and Chicago, Christy in central Louisiana (Alexandria and Natchichoes to be exact). That passion also extends to fellow group practice owners, a role they both know takes so much! Together, they have founded and launched a unique, special place for group practice bosses to connect, collaborate, and crush it. Their business, The Practice Collab, is designed to help practice owners work less, make more, and live most.

EPISODE HIGHLIGHTS

• How can collaboration make you a better practice owner?
  • Having someone to talk to about the difficult emotions or experiences that come along with being a practice owner can take such a weight off of your shoulders
  • When you aren't sure where you can find the solution to a problem, it can be helpful to turn to your community who can point you in the right direction
  • Sharing resources with one another when it comes to scheduling, finances, EHRs, etc. can benefit your practice in so many ways

LINKS & RESOURCES
GreenOak Accounting - www.GreenOakAccounting.com
Therapy For Your Money Podcast - www.TherapyForYourMoney.com
Profit First for Therapists - www.ProfitFirstForTherapists.com
Profit First Academy - www.ProfitFirstForTherapists.com/Academy
The Practice Collab - www.ThePracticeCollab.com
Traction by Gino Wickman
The Culture Code by Daniel Coyle