Practice Owner Confidence Index

Practice Owner Confidence Index

From SemiPrivatePractice.com - The Leader in Practice Peer Support
About This Survey:

This is a monthly survey from SemiPrivatePractice.com to measure practice owner sentiment about the profitability and complexity of running their practice, in addition to eight rotating questions about different aspects of practice operations (marketing, compliance, billing, scheduling, etc).
Privacy / Data Use:

The individual data included in this survey will not be sold or shared to any third party. It will be used to create benchmarks and averages that will be shared with the participants to help them better understand industry norms and trends in both their state and nationwide. Anonymous responses are permitted, but results will be sent only to those who opt-in to the SemiPrivatePractice.com mailing list by providing an email address below.
Name (Not required)

First NameLast Name
Email (Only required if you want to see results)
example@example.com
What state (U.S.) or province are you in (Canada)?
Are you a solo or group practice owner?

SoloGroup
During the next 12 months, do you expect the overall profitability of your practice to increase, decrease, or remain the same?

Increase / More ProfitableDecrease / Less ProfitableRemain the Same / Same Profitability
During the next 12 months, do you expect the overall difficulty of running your practice to increase, decrease, or remain the same?

Increase / More DifficultDecrease / Less DifficultRemain the Same / Same Difficulty
For the calendar year 2024, what was your practice’s approximate total REVENUE (before paying any expenses, salaries, etc)?

Less than $249,999$250,000 – $499,999$500,000 – $999,999$1,000,000 – $1,999,999$2,000,000 – $4,999,999$5,000,000 - $9,999,999$10,000,000 - $19,999,999$20,000,000+I Don't Know
What was the approximate total PROFIT earned by your practice in 2024 (revenue minus total expenses). Exclude amounts paid to you as W2 compensation, (e.g., it was paid to you through a paycheck where where taxes were withheld).

I don't know.Operated at a loss$0 – $49,999$50,000 – $99,999$100,000 – $199,999$200,000 – $399,999$400,000 – $499,999$500,000 – $599,999$600,000 – $699,999$700,000 – $799,999$800,000 – $899,999$900,000 – $999,999$1 million – $1.24 million$1.25 million – $1.49 million$1.5 million – $1.74 million$1.75 million – $1.99 millionOver $2 million
How many licensed clinicians currently work in your practice (including both W-2 and 1099)?

1-23-45–910–1920–4950-99100-124125–149150–174175-199200-250250+
What is the total number of in-house billing staff you have (count part-timers as ½ a staff person)?

I outsource my billing to a billing company or something equivalent.I do my own billingLess than one full-time billerOne full time biller1-2 full-time billers3-4 full-time billers5-7 full-time billers8-10 full-time billers10+ full-time billers
What is the total number of in-house scheduling staff you have (count part-timers as ½ a staff person)?

I outsource my scheduling to a virtual assistant or something equivalentI do my own schedulingLess than one full-time schedulerOne full time scheduler1-2 full-time schedulers3-4 full-time schedulers5-7 full-time schedulers8-10 full-time schedulers10+ full-time schedulers
What is your primary pay model for clinicians?

Percentage-based (e.g., 60% of revenue)Hourly wage for clinical onlyHourly wage for clinical and admin tasks (same rate for admin, notes, etc)Hourly wage for clinical and admin tasks (lower rate for admin, notes, etc)SalarySalary plus bonusCo-op model (shared expenses)
Do you pay a bonus or higher rates to clinicians that see a greater number of clients?

YesNo
What is the average number of billable sessions conducted PER WEEK by your entire practice?

Less than 100101-249250–499500–9991,000–2,4992,500-2,9993,000-3,4993,500-3,9994,000+
For the calendar year 2024, what was your practice’s approximate total revenue (before paying any expenses)?

I don't knowLess than $50,000$50,001 – $74,999$75,000 – $99,999$100,000 - $124,999$125,000 - $149,999$150,000 - $174,999$175,000 - $199,999$200,000 - $224,999$225,000 - $249,999$250,000 - $274,999$275,000 - $299,999$300,000+
Not counting what you paid yourself as a solo practitioner, what was your total practice expenses for 2024?

I don't know.Under $1,000$1,000 - $2,499$2,500 - $4,999$5,000 - $7,499$7,500 - $9,999$10,000 - $14,999$15,000 - $19,999$20,000 - $24,999$25,000 - $49,999$50,000 - $74,999$75,000 - $99,999$100,000+
What is your largest expense category in your practice?

Administrative / billing helpRentSoftware (EHR, Zoom, email, etc.)Marketing costsSupervisionOther
Do you pay someone to assist with your billing?

YesNo
Do you pay someone to assist with your scheduling?

YesNo
What is the average number of billable sessions you conduct per week?

1-56-1011-1516-2021-2526-3031-3536-4040+
Do you work as a clinician or practice leader somewhere else besides your own practice?

YesNo
What was the biggest reason you started your own solo practice?

Better hours than group / agencyLess oversight than group / agencyWanted to limit payers I work with (no insurance, Medicaid, etc)Always wanted to own my own businessNo other options in my areaOther
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Practice Owner Confidence Index

About This Survey:

Privacy / Data Use: