The Benefits and Challenges of Buying an Existing Group Practice, with Kami and Porter Macey – Part 1 | GP 43

The Benefits and Challenges of Buying an Existing Group Practice, with Kami and Porter Macey - Part 1 | GP 43

Are you considering purchasing an already existing group practice? What are some of the challenges you might face? How can you work towards creating success in the practice by your own definition?

In part 1 of this 2 part podcast, Alison Pidgeon speaks with Kami and Porter Macey about the benefits and challenges of buying an existing group practice.

Meet Kami and Porter Macey

Kami and Porter Macey are the owners of Amber Creek Counseling & Psychiatry in Sandy, UT. They purchased the business a little over a year ago. They have been married for almost 15 years and have 3 children.

Visit their website. Connect on Facebook and Instagram.

In This Podcast

Summary

  • Challenges
  • Successes

 Challenges

  • Kami and Porter find it an occasional challenge to be a married couple that runs a practice together because they occasionally need to critique one another’s management styles and sometimes argue over business-related things while they raise children together too.

If I have something that I want to say or change or suggest about the business, I will often lead with ‘this is coming from a business partner, I’m talking to you as a business partner right now’. Of course that doesn’t eliminate all the emotions that we’re going to have, but at least it helps us to respond to our defensiveness or our insecurities in a different way. (Porter Macey)

  • It is sometimes tricky for them to manage the boundaries between home-time, work-time, and not bringing work issues home with them.
  • During the pandemic, they are still deciding who stays at home and minds the children while working and who goes into the office, because they both feel more productive being at the office however they still need to make sure their children are cared for.

Successes

  • Although some therapists have chosen to move on, Kami and Porter have good relationships with the therapists they manage in the practice.
  • They both came into the practice with a vision of what they wanted to do with it and although the transitions were difficult, they have been able to instill some of the ideas and activities they wanted to in their practice and make it a space they felt was authentic to them.

Useful Links:

Meet Alison Pidgeon

A portrait of Alison Pidgeon is shown. She discusses ways to grow your group practice on this week's episode of Practice of the Practice. Alison is a serial entrepreneur with four businesses, one of which is a 15 clinician group practice. She’s also a mom to three boys, wife, coffee drinker, and loves to travel. She started her practice in 2015 and, four years later, has two locations. With a specialization in women’s issues, the practices have made a positive impact on the community by offering different types of specialties not being offered anywhere else in the area.

Alison has been working with Practice of the Practice since 2016. She has helped over 70 therapist entrepreneurs start and grow their businesses, through mastermind groups and individual consulting.

Thanks For Listening!

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