Mastering the Financial Dimension of Your Psychotherapy Practice
ISBN 10: 1138906069
ISBN 13: 978-1138906068
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.
"In this thoughtful and comprehensive guide, Daisy Reese and Peter Cole help psychotherapy practitioners to address ‘what they didn’t teach in graduate school’ about that most sensitive of subjects, money. A truly indispensable guide for practitioners at all levels. Novices will be guided, mid-career professionals will find reassuring counsel, and seasoned practitioners will discover useful strategies and perspectives. Highly recommended."
Justin B. Hecht, PhD, psychologist and Jungian analyst
"I could have used this book when I started my private practice years ago! I had no real knowledge of how to manage the financial dimensions of this business and barely recognized that I had a ‘relationship’ to money at all. Peter Cole and Daisy Reese tune into these and other unique concerns of psychotherapy finances from a practical, personal, and clinical perspective. This book brings the reader up to date regarding legal policies, online practices, and investment basics while keeping the goals of psychotherapy in the foreground."
Charlie Bowman, MS, LCSW, LMFT, LCAC, president of the Indianapolis Gestalt Institute and past president of the Association for the Advancement of Gestalt Therapy
"The authors offer a particularly thought-provoking premise concerning the way a therapist’s psychological issues influence the psychological well-being, or lack thereof, of one’s psychotherapy practice. The chapters extend the groundbreaking ideas of the 2004 book to incorporate thoughtful, thorough, and timely guidance through the ever-shifting, even precarious, economic landscape in which we currently practice. Your psychotherapy practice reference shelf is incomplete without this book!"
Dale Blunden, PhD, licensed psychologist in private practice, Sacramento, CA
About the Author
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.