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Setting Sustainable and Competitive Pay Rates for Your Group Practice - Podcast Takeover with Amy Dover Featuring Guest Sonja Josselyn
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Are you struggling to set fair and sustainable pay rates for your therapists? In this special Wise Practice Podcast takeover, Amy Dover—licensed marriage and family therapist, group practice owner, and Wise Practice consultant—dives deep into the crucial factors that can make or break your compensation strategy.
From market research to revenue calculations, overhead costs to therapist specialties, Amy breaks down how to create a pay structure that attracts and retains top talent while keeping your practice financially stable. She’ll also reveal why the all-too-common 70/30 contractor split isn’t sustainable and how shifting to a well-balanced W-2 model can transform your practice.
But that’s not all—hear firsthand from Sonja Josselyn, a practice owner who made the leap from 1099 contractors to W-2 employees. She shares how a mastermind experience helped her rework her compensation structure, negotiate better insurance reimbursements, and build a team that aligns with her mission.
If you want to set pay rates with confidence and create a thriving, profitable practice, this episode is a must-listen. Tune in now!
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