Frum Therapist: Mental Health Resources for the Frum Community

The browser you're using is not supported. Please try again using a supported browser such as Firefox or Chrome

Add this Workshop to Your Calendar!

Financial Clarity for Private Practice

This class does not provide CE credits

This course is designed for physicians, dentists, therapists, and other healthcare professionals who want to better understand the business aspects of private practice. Whether you're starting a practice, currently running one, or thinking about making the leap from employment to ownership, this program gives you practical, real-world financial guidance built specifically for healthcare providers.

You'll learn how to think like a business owner, evaluate which entity structure makes sense for your situation, track the seven financial metrics that matter, calculate your monthly break-even point, and steer clear of the most common (and expensive) mistakes providers make.

https://frumtherapist.com/workshops/Financial/view

Financial Clarity for Private Practice

Monday, March 23, 2026, 1:00 PM EDT - 2:00 PM EDT

Presenter: Raff Hizami, CPA

Course Length: 1 Hour

Learning Objectives:

• Understand the fundamental shift from clinician to business owner
• Identify the appropriate business structure for medical practices
• Master the 7 critical financial metrics every provider must track
• Calculate your practices monthly break-even point
• Recognize the 10 most common financial mistakes in private practice

Times New Roman

This class does not provide CE credits

This course is designed for physicians, dentists, therapists, and other healthcare professionals who want to better understand the business aspects of private practice. Whether you're starting a practice, currently running one, or thinking about making the leap from employment to ownership, this program gives you practical, real-world financial guidance built specifically for healthcare providers.

You'll learn how to think like a business owner, evaluate which entity structure makes sense for your situation, track the seven financial metrics that matter, calculate your monthly break-even point, and steer clear of the most common (and expensive) mistakes providers make.

Learning Objectives:

• Understand the fundamental shift from clinician to business owner
• Identify the appropriate business structure for medical practices
• Master the 7 critical financial metrics every provider must track
• Calculate your practices monthly break-even point
• Recognize the 10 most common financial mistakes in private practice

Agenda:

TOPIC 1: The Mindshift from Doctor to Business Owner
Medical expertise ≠ Business expertise (and that's okay)
Your clinical time has a dollar value—protect it
Pay yourself first (not last)
Revenue ≠ Profit ≠ Cash

TOPIC 2: Choosing the Right Business Entity
Sole Proprietorship (avoid—no liability protection)
Professional LLC/PLLC (standard starting point)
S-Corporation election (where tax savings happen—$10K+ annually)
C-Corporation (rarely right for medical practices)
Entity impacts taxes, liability, and exit planning

TOPIC 3: What Actually Matters Financially - The 7 Numbers Every Doctor Must Track:
Profit & Loss (P&L) - Revenue - Expenses = Profit
Cash Flow - Actual money in/out (not just on paper)
Accounts Receivable Aging - Money owed but not paid
Break-Even Number - Minimum monthly revenue to survive
Provider Utilization Rate - How full is your schedule
True Cost Per Employee
Net Collection Rate - How much you actually collect

TOPIC 4: How to Calculate Your Monthly Break-Even
Step 1: Fixed expenses (rent, insurance, tech, licenses)
Step 2: Variable expenses (staff, supplies, billing)
Step 3: Owner compensation (salary, benefits, taxes)
Step 4: Total = Break-Even
Step 5: Convert to patient visits needed
Reality check: Is this sustainable?

TOPIC 5: The Biggest Financial Mistakes Medical Practices Make
Mixing personal/business finances → impossible to track profitability
No tracking until tax time → miss opportunities, cash flow crisis
Accepting every insurance → low reimbursement kills profit
Underpricing cash-pay → should be 2-3x insurance rates
Over-investing in office too early → unnecessary fixed costs
No cash reserves → one delayed payment = crisis
Ignoring the numbers → can't manage what you don't measure
Not planning for taxes → 35-55% tax hit without strategy
Poor A/R management → leaving $30K-50K on the table annually

No written financial policies → inconsistent collections, money left on table

This presentation is open to:

Social Workers
Professional Counselors
Therapists
Psychologists
Licensed Mental Health Practitioners
Medical Doctors and Other Health Professionals
Other professionals interacting with populations engaged in mental health based services

Course Level: introductory

Level of Clinician: beginner

New practitioners who wish to gain enhanced insight surrounding the topic
Experienced practitioners who seek to increase and expand fundamental knowledge surrounding the subject matter
Advanced practitioners seeking to review concepts and reinforce practice skills and/or access additional consultation
Managers seeking to broaden micro and/or macro perspectives

Disability Access - If you require ADA accommodations, please contact our office 30 days or more before the event. We cannot ensure accommodations without adequate prior notification. Please Note: Licensing Boards change regulations often, and while we attempt to stay abreast of their most recent changes, if you have questions or concerns about this course meeting your specific board’s approval, we recommend you contact your board directly to obtain a ruling. The grievance policy for trainings provided by the NEFESH INTERNATIONAL is available here Satisfactory Completion Participants must have paid the tuition fee, logged in and out each day, attended the entire workshop, and completed an evaluation to receive a certificate (If this is a pre-recorded program, a post-test with a passing grade of 80% to receive a certificate.) Failure to log in or out will result in forfeiture of credit for the entire course. No exceptions will be made. Partial credit is not available. Certificates are available after satisfactory course completion by clicking here.

There is no conflict of interest or commercial support for this program.

Refunds
Registrants who are unable to attend a Frum Therapist seminar or live workshop may ask for, and will receive, a credit or refund (your choice). Refund requests will be processed within 3 business days. When an attendee knows in advance that they are unable to attend we ask that they inform Frum Therapist ahead of time by emailing [email protected] or by calling or texting (607) 249-4585 this allows us to free up the spot in the training in the event that a training is at or near capacity.