Episode Description
Most therapists can rattle off every diagnostic code without blinking, but ask about their break-even number and things get quiet. Those are exactly the financial blind spots we're unpacking in this episode of The Traveling Therapist Podcast. I sit down with Rob Freels, founder of FreeRivers CFO Advisory, who spent 25 years across banking, auditing, and 16 years as a CFO before turning his attention to healthcare and mental health practice owners.
Rob breaks down where money actually disappears before it ever hits your bank account, why those losses hit harder the bigger your practice gets, and the one number he says matters more than revenue or profit. If you've ever felt like your finances are a mystery you don't have time to solve, this conversation gives you a place to start.
In This Episode, We Explore…
- The invisible fees eating into your revenue before it ever hits your account.
- Why those percentages get more expensive the bigger your practice grows.
- The one financial metric Rob says matters more than revenue or cash flow.
- How to know when it's time to bring in more than a bookkeeper.
- A free calculator that shows you exactly where you stand.
Connect with Robert Freels:
Website: https://freeriverscfo.com/
LinkedIn: https://www.linkedin.com/in/robfreels/
Free Break-even Calculator: https://freeriverscfo.com/tolson
Are you ready to take the plunge and become a Traveling Therapist? Whether you want to be a full-time digital nomad or just want the flexibility to bring your practice with you while you travel a couple of times a year, the Portable Practice Method will give you the framework to be protected!
➡️ JOIN NOW: www.portablepracticemethod.com/
Connect with me:
- www.instagram.com/thetravelingtherapist_kym
- www.facebook.com/groups/onlineandtraveling/
- www.thetravelingtherapist.com
The Traveling Therapist Podcast is Sponsored by:
Berries: Say goodbye to the burden of mental health notes with automated note and treatment plan creation! www.heyberries.com/therapists
Alma: Alma is on a mission to simplify access to mental health care by focusing first and foremost on supporting clinicians www.helloalma.com/kym