How to Expand Your Practice and Involve Your Team with Host, Eric Miller & Guest, Wade Rinehart

The Financial Beast Podcast for Practice Owners

Dec 22 2023 • 51 mins

In this interview, Eric Miller, also known as the Financial Beast, speaks with Wade Rinehart, owner of First Choice Physical Therapy, about the process of expanding a practice and involving the team in the growth. Wade shares his insights on the importance of transitioning from being a practitioner to an owner and administrator, and how this shift allows for expansion and more financial freedom. He emphasizes the need to involve and compensate the team members to ensure their buy-in and commitment to the expansion process. Wade also discusses the philosophy behind his incentive program, which rewards employees based on the company's profits, and how transparency in finances and goal-setting has contributed to the success of his practice. This interview offers valuable advice for practice owners looking to expand and create a thriving team environment.