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 Name
Last Name
Email (Only required if you want to see results)
example@example.com
What state (U.S.) or province are you in (Canada)?
Please Select
AL : Alabama
AK : Alaska
AZ : Arizona
AR : Arkansas
CA : California
CO : Colorado
CT : Connecticut
DC : District of Columbia
DE : Delaware
FL : Florida
GA : Georgia
HI : Hawaii
ID : Idaho
IL : Illinois
IN : Indiana
IA : Iowa
KS : Kansas
KY : Kentucky
LA : Louisiana
ME : Maine
MD : Maryland
MA : Massachusetts
MI : Michigan
MN : Minnesota
MS : Mississippi
MO : Missouri
MT : Montana
NE : Nebraska
NV : Nevada
NH : New Hampshire
NJ : New Jersey
NM : New Mexico
NY : New York
NC : North Carolina
ND : North Dakota
OH : Ohio
OK : Oklahoma
OR : Oregon
PA : Pennsylvania
RI : Rhode Island
SC : South Carolina
SD : South Dakota
TN : Tennessee
TX : Texas
UT : Utah
VT : Vermont
VA : Virginia
WA : Washington
WV : West Virginia
WI : Wisconsin
WY : Wyoming
Alberta (AB)
British Columbia (BC)
Manitoba (MB)
New Brunswick (NB)
Newfoundland and Labrador (NL)
Nova Scotia (NS)
Ontario (ON)
Prince Edward Island (PE)
Quebec (QC)
Saskatchewan (SK)
Are you a solo or group practice owner?
Solo
Group
During the next 12 months, do you expect the overall profitability of your practice to increase, decrease, or remain the same?
Increase / More Profitable
Decrease / Less Profitable
Remain 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 Difficult
Decrease / Less Difficult
Remain 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 million
Over $2 million
How many licensed clinicians currently work in your practice (including both W-2 and 1099)?
1-2
3-4
5–9
10–19
20–49
50-99
100-124
125–149
150–174
175-199
200-250
250+
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 billing
Less than one full-time biller
One full time biller
1-2 full-time billers
3-4 full-time billers
5-7 full-time billers
8-10 full-time billers
10+ 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 equivalent
I do my own scheduling
Less than one full-time scheduler
One full time scheduler
1-2 full-time schedulers
3-4 full-time schedulers
5-7 full-time schedulers
8-10 full-time schedulers
10+ full-time schedulers
What is your primary pay model for clinicians?
Percentage-based (e.g., 60% of revenue)
Hourly wage for clinical only
Hourly 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)
Salary
Salary plus bonus
Co-op model (shared expenses)
Do you pay a bonus or higher rates to clinicians that see a greater number of clients?
Yes
No
What is the average number of billable sessions conducted PER WEEK by your entire practice?
Less than 100
101-249
250–499
500–999
1,000–2,499
2,500-2,999
3,000-3,499
3,500-3,999
4,000+
For the calendar year 2024, what was your practice’s approximate total revenue (before paying any expenses)?
I don't know
Less 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 help
Rent
Software (EHR, Zoom, email, etc.)
Marketing costs
Supervision
Other
Do you pay someone to assist with your billing?
Yes
No
Do you pay someone to assist with your scheduling?
Yes
No
What is the average number of billable sessions you conduct per week?
1-5
6-10
11-15
16-20
21-25
26-30
31-35
36-40
40+
Do you work as a clinician or practice leader somewhere else besides your own practice?
Yes
No
What was the biggest reason you started your own solo practice?
Better hours than group / agency
Less oversight than group / agency
Wanted to limit payers I work with (no insurance, Medicaid, etc)
Always wanted to own my own business
No other options in my area
Other
Submit
Should be Empty: