Kasey Compton Started a Million Dollar Practice in Three Years | PoP 290

Kasey Compton Started a Million Dollar Practice

Are you wanting to grow your practice into a group practice? Do you struggle with the business side of private practice? Are you looking for tips on how to onboard clinicians?

In this episode, Joe Sanok speaks with Kasey Compton about how she started a million dollar practice in three years.

Podcast Sponsor

Earlier this year, we launched Next Level Practice. Next Level Practice is the supportive community that helps people start practices. Over time, we are going to continue to add content around growing and scaling a practice but, for right now, it’s just for people that have said to themselves, “I want to start a practice!” And, they got it going, and maybe it’s not going as well as they want.

There are so many different things that are part of this. We have live webinars, live Q&A, you get matched up with a one-on-one accountability partner, you get put into a small group of other people starting practices, and you get the support of me and my whole team – Alison, Sam, and Emily. We give away tons of free stuff, and we have competitions in there to help you take really great steps towards starting a practice. Things like: updating your Facebook page, making sure that your website looks good, and making sure that you’re attracting your ideal client.

So, if you are starting a practice and you want the authoritative, supportive community to be surrounding you so that you can be successful, head on over to practiceofthepractice.com/invite.

Meet Kasey Compton

My area of specialization is in anxiety and panic disorders. I work with clients from early childhood to ages 65+. I use a very successful treatment program to reduce and/or eliminate the anxiety and panic that you are experiencing in your life. All of my clients who have completed this program have experienced significant results. I look for people who are dedicated and willing to commit to the treatment process. These clients are always the most successful!

Kasey Compton’s Story

Kasey knew as soon as she got licensed that she wanted to start her own private practice. Yet, she soon realised that she wasn’t ready. So, she joined a group practice for a few years to ‘watch and learn’. Then, once she felt more knowledgable, she went back into her private practice.

In This Podcast

Summary

In this episode, Joe Sanok speaks with Kasey Compton about her journey into private practice. Although Kasey initially backed out of private practice to join a group practice, she eventually went back and went on to build a million dollar practice in three years. In this podcast, Kasey shares what she focused on in the first year as well as how she goes about onboarding clinicians.

Setting Up Private Practice

  • Licensing
  • Credentialing (insurance panels)

Biggest Things Kasey Worked on in First Year

  • Process
  • Infrastructure

Didn’t advertise for the first year or so until all processes and infrastructure were optimised.

Started practice in October 2015, but didn’t start off as a group practice from the beginning. Kasey’s sister came on board to help start the group practice. Added clinicians very slowly as they were very picky about who to employ. Initially, brought people on as 1099s. By the end of the first year, they had 10 clinicians which they had added to the business as 1099s.

Even to this day, they make use of hiring incentives to ensure the onboarding of quality clinicians. They also, eventually, gave their employees the option to move over to W-2 contracts with extra benefits.

Successful Characteristics

  • Stubborn
  • Strategic

 

Useful Links:

Meet Joe Sanok

private practice consultantJoe Sanok helps counselors to create thriving practices that are the envy of other counselors. He has helped counselors to grow their businesses by 50-500% and is proud of all the private practice owners that are growing their income, influence, and impact on the world. Click here to explore consulting with Joe.

 

 

 

 

 

Thanks For Listening!

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