Selling the Couch 402: Closing Your Private Practice: What Therapists Need to Know
Today’s session is about shutting down your private practice, which is an inevitable step in the journey for many therapists. The two main options are to sell their private practice or shut it down, which can be the best choice for a therapist who wants to pursue other avenues and achieve more freedom in their life. Join us to learn more!
Our Featured Guest
Dr. Jen Blanchette
Dr. Jen Blanchette is a licensed psychologist, podcaster, speaker, career coach, and business consultant. Her passion is helping therapists and other caring professionals say goodbye to burnout culture and find the support they need. In the early years of the pandemic, Dr. Jen made the decision to close the private practice she had worked hard to build; a combination of burnout and the realization that she wanted to focus on other things fueled her decision. In today’s conversation, we cover the real, emotional side of shutting down a private practice, which includes terminating relationships with clients and handling logistical challenges. Guilt and shame accompany this difficult decision, and Dr. Jen shares what she wishes she had known back then. She gives her insight into other details of the closing process, along with an optimal timeline for closing.
You’ll Learn:
- Considering what comes “on the other side”---finding freedom and clarity
- Tips for planning to shut down
- How to communicate with clients about closing
- The grief element for you AND your clients requires time to heal
- Dr. Jen’s hindsight into what she wishes she had done in the process of shutting down her private practice
- Ethical questions about the termination of treatment
- Top 3 logistical tasks in shutting down your private practice:
- Contacting your liability insurance carrier
- Handling records appropriately
- Contacting your state board
- Considerations for choosing an appropriate attorney
- Most common mistakes therapists make: not having the support they need and trying to handle it all solo
- Dr. Jen’s advice: What she wishes every therapist knew about closing down a private practice
- Visit Dr. Jen’s website, drjenblanchette.com, for information about the Ethical Practice Closure Course, her free Quick Start Guide, and The Therapist Burnout Podcast.
Resources:
Building and managing the practice you truly want can feel overwhelming. That’s why Alma is here—to help you create not just any practice, but your private practice.
With Alma, you’ll get the tools and resources you need to navigate insurance with ease, connect with referrals that are the right fit for your style, and streamline those time-consuming administrative tasks. That means less time buried in the details and more time focused on delivering exceptional care to your clients.
You support your clients. Alma supports you.
Learn more at sellingthecouch.com/alma and get 2 months FREE–an exclusive offer for STC listeners.
Want to launch your online course?
Please check out our free 7-Day Course Creator Starter Kit for Therapists at https://sellingthecouch.com/coursekit.
If you are a seasoned therapist looking to transition from clinical to online course income, we have a specialized mastermind for you. We meet together to build, grow, and scale our online courses. You can learn more at https://sellingthecouch.com/mastermind.
Mentioned in this episode:
Try Alma!
Building and managing the practice you truly want can feel overwhelming. That’s why Alma is here—to help you create not just any practice, but your private practice. With Alma, you’ll get the tools and resources you need to navigate insurance with ease, connect with referrals that are the right fit for your style, and streamline those time-consuming administrative tasks. That means less time buried in the details and more time focused on delivering exceptional care to your clients. You support your clients. Alma supports you. Learn more at sellingthecouch.com/alma and get 2 months FREE—an exclusive offer for STC listeners.