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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Thanks to Our Sponsors: The Receptionist for iPad!
Thanks to The Receptionist for iPad for sponsoring this episode.
The Receptionist for iPad is a HIPAA-ready digital check-in system that eliminates the need to walk back and forth from your office to the waiting room to see if your next appointment has arrived. Clients or patients can check in for their appointments, and you'll be immediately notified by text, email, or your preferred channel. Break free from interruptions and make the most of your time, because it is valuable. Start a free 14-day trial of the Receptionist for iPad by going to thereceptionist.com/privatepractice. Make sure to start your trial with that link to get your first month free if you decide to sign up.
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Get a practical podcasting workbook for therapists considering starting a podcast, created by Patrick Casale, host of the podcasts All Things Private Practice and Divergent Conversations.
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✨ Move Beyond Private Practice As A Neurodivergent Entrepreneur
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Mentioned in this episode:
The Receptionist for iPad
The Receptionist for iPad is a HIPAA-ready digital check-in system that eliminates the need to walk back and forth from your office to the waiting room to see if your next appointment has arrived. Clients or patients can check in for their appointments, and you'll be immediately notified by text, email, or your preferred channel. Break free from interruptions and make the most of your time, because it is valuable. Start a free 14-day trial of the Receptionist for iPad by going to https://thereceptionist.com/privatepractice. Make sure to start your trial with that link to get your first month free if you decide to sign up.
