Let's Diagnose Your Practice with James Childress | WP 211
Your practice is busy, but does that mean it's financially healthy? If you're unsure whether to hire, where you're losing revenue, or what needs your attention first, your practice's data may hold the answers. Whitney Owens welcomes James Childress, CPA and founder of CAC Advisors, to explore how to "diagnose" your therapy practice. James explains why financial statements alone aren't enough and how connecting accounting, EHR, payroll, and marketing data can help you identify problems and prioritize practical solutions. Together, they discuss the hidden costs of an inconsistent intake process, hiring before your practice is ready, and adding administrative staff without improving your systems. James also shares how his own experience with therapy inspired his commitment to helping mental health practices thrive. In this episode, you'll learn: • What your financial statements might be missing • How intake gaps and early client departures affect profitability • Why hiring more people isn't always the answer • How to improve administrative efficiency before expanding your team • How to use your practice's numbers to make more confident decisions Special listener offer: Mention the Wise Practice Podcast for 20% off your first three months of the app. The first 20 people who sign up and mention the podcast also receive a waived onboarding fee. Watch on YouTube 00:00 Welcome and episode introduction 02:47 James's story and passion for mental health 06:30 Diagnosing your practice beyond the financials 07:35 Using data to uncover lost revenue 10:08 Turning a practice diagnosis into solutions 13:43 Common hiring, intake, and compensation mistakes 15:21 Improving admin systems before adding staff 18:16 How the app supports group practices 20:03 Special offer for Wise Practice listeners Meet James Childress, CPA James Childress is a CPA and the founder of CAC Advisors, a firm built for mental health practice owners who have outgrown basic bookkeeping—and want to stop making expensive decisions in the dark. James and his team believe therapists are healing the world one session at a time, and that financials are never enough. That is why they connect the four major sources of practice data: accounting, EHR, payroll, and marketing. Together, this reveals where a practice stands today, what is driving its performance, and what it will take to get where the owner wants to go. James lives with his wife and two bossy cats in what he jokingly calls "the town of Wyoming." James's Links Website LinkedIn YouTube Links and Resources Learn More about Wise Practice Consulting Connect with Wise Practice on Instagram Connect with Whitney Owens on Facebook Check out all of the podcasts on the PsychCraft Network Wise Practice Masterminds




