Mastering the Financial Dimension of Your Psychotherapy Practice

Written by two therapists with extensive business experience, Mastering the Financial Dimension of Your Psychotherapy Practice addresses the clinical and financial challenges of establishing and maintaining a successful private practice. This book contains updated content on investing strategies, changes in the insurance marketplace, and trends in the marketing of a psychotherapy practice. The first of five sections explores the life cycle of the modern therapy practice, offering best business and investing practices for each phase. In the second and third sections, the authors consider the emotional dimension in the development of a private practice. The fourth section offers a basic course in financial planning, including an investigation into five common financial mistakes therapists make and various solutions to each situation. The fifth section is designed to offer a road map of actions to take in establishing a financial plan. Concluding the book is an inspirational discussion of how the therapist in private practice can create a career with meaning, fulfillment, personal satisfaction, and solid financial rewards.

Peter H. Cole, LCSW, and Daisy Reese, LCSW, have been teaching and practicing psychotherapy for more than 25 years. Peter is an assistant clinical professor of psychiatry at the University of California, Davis School of Medicine and a chartered financial consultant (ChFC®), specializing in work with mental health professionals. Daisy owns a private practice. They are also founders and co-directors of the Sierra Institute for Contemporary Gestalt Therapy, where they continue to train and mentor therapists in Northern California.