All Things Private Practice Podcast Episode 79: Wealthy Therapists — Step Into the Boardroom of Your Private Practice [featuring Tiffany McLain]
There is a lot of shame talk in the therapist community around wanting to make money while helping people.
As a result, many therapists buy into the idea that they are meant to charge low and see many, but this isn't exactly ethical. If you look at this approach a bit closer, it's clear to see that therapists who live by trying to help as many people as possible at a low cost aren't able to give their clients the quality of care that they need to actually benefit from therapy, and many therapists in this position end up burning out and living in desperation.
If you have been struggling with how to help others and still put food on the table as well as how to run a private practice that is sustainable and really helps clients heal, this episode is for you.
In this episode, I talk with Tiffany McLain, a therapist, a clinical fee strategist for therapists in private practice, and owner of LEAN IN-MAKE BANK, INC.
Top 3 reasons to listen to the entire episode:
- Understand why seeing more clients for less money can be unethical and cause more harm than good.
- Identify why you might be telling yourself that wealthy therapists are "bad" and that you shouldn't make $250,000 a year seeing 15 clients a week.
- Learn how you can help more people by seeing fewer clients and charging higher rates, and why that is OK.
It's not uncommon for therapists to tell themselves that the profession doesn't exist to make money, but as a private practice owner, you have to wear all the hats, therapist AND CEO, HR, etc. It can feel intimidating at first to accept that making money as a therapist isn't bad and you are allowed to thrive, but once you do, you'll find that you have more opportunities and capacity to help others and yourself.
More about Tiffany:
Tiffany McLain, LMFT is a clinical fee strategist for therapists in private practice. Her mantra is, “Full fees are the new black.” Via her program, The Lean In. MAKE BANK. Academy, she helps therapists ethically earn 30 to 50% more per month while seeing fewer clients by showing them how to think about and directly address fees in a clinically appropriate manner.
The Lean In. MAKE BANK. Academy is a program that addresses the underlying money mindset stories that keep therapists broke so they can become THAT therapist who charges premium fees and cash pay. With the LIMB 4-step framework to make BANK, regular coaching calls to help you go to the next level, a phenomenal community of funny and intelligent therapists, be ready get real raw and real rich.
Check out Tiffany's Free Workshop, 4 Steps to Your Six-Figure Therapy Practice, to learn the 'secret' to building a six-figure therapy practice while seeing fewer than 15 clients a week.
Tiffany's Website: leaninmakebank.com
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Mentioned in this episode:
A Thanks to Our Sponsor, The Receptionist for iPad!
Visit the website for The Receptionist for iPad here!
A Thanks to Our Sponsor, Owl Practice!
Visit the website for Owl Practice here!
Mentioned in this episode:
The Receptionist for iPad
I want to thank The Receptionist for iPad for sponsoring this episode. From new patients faced with an empty lobby and no idea where to find their therapist to clinicians with a session running over time and the doorbell ringing, some of the most anxiety-ridden moments of a therapy appointment happen before a session even starts. The Receptionist for iPad, helps you tackle some of that pre-appointment apprehension and anxiety. The Receptionist for iPad is an easy-to-use digital client check-in system that helps your visitors check in securely to their appointments and notify their practitioners of their arrival via SMS, email, or your preferred channel. No more confusion, and less lobby checking or having clients sign in on paper logbooks. It can even help you upgrade and update your demographic information for your clients as well and even validate parking. Start a 14-day free trial of the Receptionist for iPad by going to thereceptionist.com/privatepractice. Make sure to start your trial with that link and you'll also get your first month free if you decide to sign up.
Resilient Mind Counseling
It's Patrick. Some of you may know that I own a group therapy practice in North Carolina, Resilient Mind Counseling. We specialize in supporting the Neurodivergent, LGBTQIA+, and Black, Brown, and Asian communities online and across North Carolina. We also have limited in-person openings at our offices in Asheville and Cary. We really love working with clients who are coming to terms with both Autism and ADHD discoveries later in life or questioning, as well as the intersections of race, gender, identity, and orientation. All of our therapists have lived experience and identify as AuDHD, Autistic, or ADHD. Our team of affirming therapists offers a safe, anti-racist, anti-oppressive, inclusive, and accessible space where you can show up exactly as you are—no masking, no judgment, and no need to make eye contact, just real connection and healing. We accept most commercial insurances like Blue Cross Blue Shield, United, Aetna, and Med Cost, as well as self-pay options. We currently have openings for new clients. Visit our website at resilientmindcounseling.com. You can also text or call our HIPAA-compliant phone line at (828) 515-1246, or email us at scheduling@resilientmindcounseling.com.