Episode 165: Harnessing Data: Streamlining Therapy Practices [featuring Tory Krone]

In this episode, I speak with Tory Krone, a seasoned clinical therapist, group practice owner, and co-founder of PracticeVital, offering some incredible insights on how data can empower therapists and practice owners to make informed decisions, ensure sustainability, and improve overall practice health.

Here are 3 key takeaways:

1. Data-Driven Decisions: Implementing a custom dashboard like PracticeVital can provide real-time insights into the health of your therapy practice, aiding in data-driven decision-making and improving sustainability.
2. Transparent Communication: Offering clinicians access to their own data fosters transparency and accountability, leading to better performance and client outcomes.
3. Identifying Improvement Areas: Tracking metrics such as retention rates, revenue per session, and cancellation rates enables practice owners to identify issues early and make informed improvements.

Are you ready to transform your practice with actionable data? Give this episode a listen and explore how these insights can help you maintain a healthy, thriving therapy practice!

More about Tory:

Tory Krone is a seasoned licensed clinical therapist with 15 years of experience spanning therapeutic practice and leadership roles across all levels of care. As the founder and managing director of a successful group therapy practice in Chicago, Tory has always been at the forefront of innovation in mental health services. In 2023, driven by a passion for making things easier on group practice owners, Tory collaborated with her husband and two other family members to create a custom dashboard tailored to the specific needs of her practice. This project led to the co-founding of PracticeVital, the first-ever automated dashboard designed to offer real-time insights into the health of therapy practices and to empower teams with actionable data.

Tory is offering all listeners of this podcast $30 off of their first month of PracticeVital if they sign up using the code "AllThings" at practicevital.com.

• Facebook: facebook.com/groups/practicevital
• Instagram: instagram.com/practicevital
• Website: practicevital.com

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Thanks to Our Sponsors: The Receptionist for iPad & Alma!

✨ The Receptionist for iPad

Thanks to The Receptionist for iPad for sponsoring this episode.

The Receptionist offers an iPad list check-in option where clients can scan a QR code to check in, which negates the need for you to buy an iPad and stand. Go to thereceptionist.com/privatepractice and sign up for a free 14-day trial. When you do, you'll get your first month free. And don't forget to ask about our iPad list check-in option.

✨ Alma

Thanks to Alma for sponsoring this episode.

Building and managing the practice you want can be challenging. That’s why Alma offers tools and resources to help you build not just any practice, but your private practice. They’ll help you navigate insurance, access referrals who are the right fit for you, and efficiently manage administrative tasks — so you can spend less time on the details, and more time delivering great care. You support your clients. Alma supports you. Visit helloalma.com/ATPP to learn more.

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.

Alma

I want to thank Alma for sponsoring this episode. Building and managing the practice you want can be challenging. That’s why Alma offers tools and resources to help you build not just any practice, but your private practice. They’ll help you navigate insurance, access referrals who are the right fit for you, and efficiently manage administrative tasks — so you can spend less time on the details, and more time delivering great care. You support your clients. Alma supports you. Visit helloalma.com/ATPP to learn more.