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The Group Practice Exchange

The Group Practice Exchange Podcast is a place for group practice owners, where we talk candidly about business ownership and leadership. From practice building tips to live coaching to real talk episodes with other group practice owners, we are the resource you have been looking for to grow your group practice.
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Jun 20, 2019

Hello group practice listeners! In this episode, I dive into the topic of 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.

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