The Financial Beast Podcast for Practice Owners

Econologics Financial Advisors
  • 4.3 (6)
  • Investing
  • Updated Weekly

The Financial Beast Podcast for Practice owners is designed for practice owners to get vital info on financial matters that concern them both personally and professionally. Additional to help them get into ”Financial Beast” mode and stay there so they can achieve all of their financial goals. A financial beast is debt free, protected, invested and set for life!

  1. 5d ago

    Her Healthcare Practice Lost 80% of Its Business—Then Came Back

    What do you do when your healthcare practice loses 80% of its business almost overnight? Lisa Taglauer and her partners had spent years building their physical therapy practice. By 2019, they had grown to five locations, roughly 62 team members, and had just experienced their best financial year ever. Then everything changed. In March 2020, only days after the team met to plan their next phase of expansion, the business dropped 80%. Roughly half the team was laid off. Two clinics eventually closed. Hiring didn't meaningfully resume until 2023. But they didn't quit. In this episode of the Financial Beast Podcast, Lisa explains how her team rebuilt the practice by confronting weaknesses that had been hidden during the good years. You'll discover: • How a thriving physical therapy practice lost 80% of its business almost overnight • Why Lisa and her partners never seriously considered giving up • How the crisis exposed weaknesses that growth had hidden • Why financial reserves became a critical lesson • How leadership changed after the collapse • Why they started involving employees in strategy and execution • How better communication helped rebuild the organization • Why they completely redesigned their company core values • How they use Net Promoter Score and Employee NPS • Why employee engagement became a leading indicator for growth • How the practice returned to roughly 25% year-over-year growth • Why they're prioritizing culture before opening more locations • How owner distributions changed Lisa's view of successful leadership • Why they're already looking at the practice through the eyes of a future buyer • What healthcare practice owners can learn from their comeback This isn't simply a story about surviving a difficult period. It's about what happens when a crisis exposes the weaknesses inside a successful business, and how better financial discipline, leadership, communication and culture can create the foundation for a comeback. If you're a physical therapist, veterinarian, dentist, optometrist, chiropractor or other healthcare practice owner navigating growth, financial pressure or uncertainty, this conversation is for you. 🎙️ Subscribe to the Financial Beast Podcast for financial strategies, practice growth insights, exit planning and wealth-building strategies specifically designed for healthcare practice owners. CHAPTERS: 00:00 The Art of a Healthcare Practice Comeback 01:49 Building a Physical Therapy Practice 04:14 Opening Days Before Hurricane Katrina 07:31 From Record Growth to an 80% Collapse 10:06 Laying Off Half the Team and Closing Clinics 14:16 The Financial Weakness the Crisis Exposed 16:54 Rebuilding Leadership, Communication & Culture 24:19 The Metrics That Proved the Comeback Was Working 29:48 Reaching 25% Year-Over-Year Growth 30:50 Growing a PT Practice Without Overexpanding 32:59 Owner Distributions and Financial Recovery 34:44 Preparing a Healthcare Practice for an Exit _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

  2. Sep 4

    He Borrowed $1.1 Million to Buy a Dental Practice at 28

    Would you borrow $1.1 million to buy a dental practice at 28 years old? That's the decision Dr. Josh Drake faced only a few years after graduating from dental school. After joining an established practice as an associate, Josh was given the opportunity to buy into the business. The price tag was intimidating—but once he understood the cash flow behind practice ownership, the decision began to make sense. Nearly 20 years later, Josh joins Eric Miller on the Financial Beast Podcast to talk candidly about what dental practice ownership actually looks like after the acquisition. In this episode, you'll discover: • Why Josh took on a $1.1 million practice loan at 28 • How understanding cash flow changed his view of practice debt • Why mentorship made his transition into ownership easier • The financial buffer he believes every practice owner should maintain • Why a profitable practice can still consume everything it makes • The difference between being a great dentist and being a business owner • How marriage and children changed Josh's relationship with his practice • Why he realized the business needed to serve his household—not the other way around • How he began systematically moving money out of the practice and into personal wealth • What he learned from Profit First and “pay yourself first” • Why he brought his younger sister into the practice • The challenges of managing employees as a healthcare practice owner • Why Josh turned down an opportunity to sell to a DSO • The unanswered question surrounding his eventual dental practice exit • How building personal wealth creates more options when it's finally time to retire Josh's story demonstrates an important distinction for healthcare practice owners: Owning a successful practice and building personal financial independence are not necessarily the same thing. Your practice should be an engine for building your household's wealth—not the only place where your wealth exists. 🎙️ Subscribe to the Financial Beast Podcast for financial strategies, practice growth insights, exit planning and wealth-building strategies specifically designed for healthcare practice owners. CHAPTERS: 00:00 Building Wealth as a Healthcare Practice Owner 01:45 Deciding to Become a Dental Practice Owner 03:18 Learning the Business Side of Dentistry 04:04 Understanding the Value of Buying a Practice 06:26 Buying Into the Dental Practice 07:16 Taking On a $1.1 Million Practice Loan 09:13 Transitioning From Partner to Full Owner 11:07 Making Changes as a New Practice Owner 12:59 The Hardest Part of Managing Employees 14:52 Managing Dental Practice Cash Flow 17:53 When Your Practice Needs to Serve Your Family 21:52 Paying Yourself First as a Practice Owner 23:35 Bringing His Sister Into the Dental Practice 27:28 Should You Sell Your Practice to a DSO? 30:09 The Challenge of Planning a Dental Practice Exit 34:00 Building Wealth Outside Your Dental Practice _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

  3. Aug 28

    Her Practice Made MORE Money, But Profits Fell to 2%

    What happens when your healthcare practice keeps growing, but your profits disappear? Orit Hickman built Pain Science Physical Therapy into a million-dollar practice. One year, the business generated more than $1 million in revenue with roughly 12% profitability. The following year, revenue increased—but profit dropped to just 2%. Something had to change. In this episode of the Financial Beast Podcast, Orit explains how declining insurance reimbursements, rising salaries, increasing administrative costs and the growing burden of dealing with insurance companies pushed her physical therapy practice toward an unsustainable business model. Her solution was dramatic: drop roughly 65% of the practice's insurance contracts and begin transitioning toward a fee-for-service model. Today, the practice is seeing fewer patients while making more money. In this conversation, you'll discover: • How a growing practice can become LESS profitable • Why insurance reimbursement stopped supporting Ari's model of care • How administrative costs quietly consumed practice margins • Why she dropped 65% of her insurance contracts at once • The emotional difficulty of dropping Medicare • How she transitioned back from 45-minute to one-hour appointments • Why cash pay allowed her to rethink compensation for her providers • How she's transitioning toward a fully fee-for-service practice • Why practice owners need to put financial stability first • How Ari transitioned her identity from clinician to business owner • Why seeing fewer patients can sometimes produce a stronger business • How telehealth could allow Pain Science Physical Therapy to expand nationally If you're a physical therapist, veterinarian, optometrist, dentist, chiropractor or other healthcare practice owner dealing with shrinking reimbursements and rising expenses, Ari's experience offers an important lesson: More revenue doesn't necessarily mean you're building a healthier business. 🎙️ Subscribe to the Financial Beast Podcast for financial strategies, practice growth insights, exit planning and wealth-building strategies specifically designed for healthcare practice owners. CHAPTERS: 00:00 When Practice Revenue Goes Up but Profit Goes Down 01:39 Escaping the Insurance Reimbursement Trap 03:19 Why Orit Hickman Started Her Physical Therapy Practice 05:25 Growing From Clinician to Practice Owner 08:17 COVID, Rebranding & Declining Reimbursements 10:36 The Identity Shift From Practitioner to Owner 12:41 Why Practice Owners Must Prioritize Profitability 17:13 Getting Out of Patient Care Without Losing Quality 20:35 The Problem With Insurance-Based Physical Therapy 23:06 $1M+ Revenue but Profit Falls From 12% to 2% 27:21 Making the Decision to Leave Insurance 30:43 Dropping 65% of Insurance Contracts 32:58 Transitioning to a Cash-Pay Physical Therapy Practice 34:11 Seeing Fewer Patients and Making More Money 36:04 The Plan to Become Fully Fee-for-Service 40:07 Money Lessons From Building a Healthcare Practice _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

  4. Aug 21

    Why Your Veterinary Practice Isn’t Getting More Clients

    Most veterinary practice owners are excellent clinicians—but marketing is often an afterthought. That was easier to get away with when practices were overflowing with new patients. Today, competition is increasing, corporate veterinary groups are expanding, and pet owners are researching practices across Google, social media, reviews, websites, and even AI tools before they ever make an appointment. In this episode of the Financial Beast Podcast, Eric Miller sits down with Cebron Walker of Walker Creative to break down the marketing foundation every independent veterinary practice needs to compete and grow. You'll discover: • Why your website is still the foundation of veterinary marketing • The biggest mistakes veterinary websites make • Why stock photos can actually weaken your brand • How to optimize your Google Business Profile • Why recent Google reviews matter for local search • How social media influences the patient decision process • Why authentic photos and videos outperform generic content • How AI tools like ChatGPT are changing local recommendations • Why Google Ads won't fix a weak marketing foundation • How video and YouTube can improve visibility and trust • How your website can even help recruit veterinarians • The marketing advantages independent veterinary practices have over corporate competitors Cebron also explains why veterinary practices should focus on building a real online ecosystem—website, Google profile, social media, reviews, video and local SEO—before pouring money into advertising. If you own a veterinary practice and want more clients, stronger recruiting, and a brand that accurately reflects the quality of care you provide, this episode is for you. CHAPTERS: 00:00 Why Veterinary Marketing Matters Again 01:32 Meet Cebron Walker of Walker Creative 03:06 How Veterinary Marketing Changed After COVID 04:30 Why Independent Vet Practices Need Marketing Now 06:58 Your Website Is Still the Foundation 08:12 Stop Using Generic Veterinary Marketing 09:37 Optimize Your Google Business Profile 10:30 How AI Is Changing Veterinary Search 12:04 Who Should Manage Marketing in Your Practice? 14:01 Using AI Tools Without Getting Bad Advice 16:36 When Your Veterinary Website Needs a Makeover 19:44 What a Great Veterinary Website Looks Like 23:21 Why Google Ads Won’t Fix Bad Marketing 26:40 Website, Social Media & Profiles: The Marketing Foundation 27:19 How Pet Owners Actually Choose a Veterinarian 29:34 Who Should Run Your Social Media? 31:39 How Google Reviews Improve Local Rankings 34:23 Marketing Can Help You Recruit Veterinarians 37:27 Final Marketing Advice for Independent Vet Owners ________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

  5. Aug 14

    He Built a 400-Patient-a-Week PT Practice—Here's What Went Wrong with Eric Miller & guest

    What really happens when a physical therapy practice grows faster than expected? Billy Beaudreau DPT started Comprehensive Physical Therapy in 2020 without a single patient. Today, his company operates two Louisiana locations, owns its primary facility, and handles roughly 400–450 patient visits per week. But rapid growth created challenges Billy didn't anticipate. In this episode of the Financial Beast Podcast, Billy joins Eric Miller to break down the financial and operational reality of scaling a physical therapy practice—from hiring too quickly and carrying excessive payroll to managing cash flow, purchasing real estate, building a leadership team, and deciding when NOT to open the next location. Billy also shares how he and his wife eliminated more than $200,000 in student loan debt before launching the practice—and why that financial discipline gave him the foundation to become a business owner. You'll discover: • How Billy went from zero patients to 400+ weekly visits • Why hiring ahead of growth created payroll pressure • The cash-flow challenges nobody talks about during rapid expansion • Why more locations don't automatically create a more valuable practice • How Billy transitioned from practitioner to owner/executive • Why he paid off $200,000+ in student loans before opening • How owning the practice's real estate fits into his wealth strategy • Why Billy is deliberately slowing expansion before pursuing his 10-clinic goal • How the right CPA and financial team influence growth decisions • What practice owners should consider when building toward an eventual exit CHAPTERS: 00:00 The Reality of Rapid PT Practice Growth 01:39 Building a Physical Therapy Practice From Scratch 03:57 Starting Comprehensive Physical Therapy During COVID 05:02 Growing From One Clinic to Two 06:03 From Zero to 400+ Patient Visits Per Week 06:37 The Biggest Mistakes During Rapid Growth 08:01 Managing Payroll While Scaling a Practice 10:25 From Physical Therapist to Business Owner 11:21 The Goal: 10 Clinics in 10 Years 12:06 Paying Off $200,000+ in Student Loan Debt 16:11 Balancing Business Growth and Personal Wealth 18:12 Why Rapid Expansion Can Create Cash Flow Problems 21:20 Building the Right Financial Team 23:09 Buying Real Estate for Your Healthcare Practice 25:14 Building an Exit Strategy 27:19 Cost Segregation and Practice Real Estate 32:40 Paying Yourself as a Practice Owner 33:22 Increasing Revenue Per Patient Visit 34:40 The Financial Reality of Scaling a PT Practice Rapid growth can create tremendous wealth—but revenue, locations, and patient volume don't tell the entire story. Building a practice that serves your household requires balancing growth with profitability, cash flow, reserves, and personal wealth. 🎙️ Financial Beast Podcast Subscribe for financial strategies, practice growth insights, exit planning, and wealth-building strategies designed specifically for healthcare practice owners. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

  6. Aug 7

    She Had It All… Then Made This Decision with host, Eric Miller and guest, Dr. Erin Holder

    What makes a successful healthcare practice owner walk away from everything they built? In this episode of the Financial Beast Podcast, Dr. Erin Holder shares the incredible story of building a seven-doctor veterinary practice from scratch, surviving the 2008 financial crisis, navigating COVID, and ultimately making the life-changing decision to sell her practice. You'll learn: • Why most practice sales have nothing to do with money • The financial mistakes nearly every healthcare owner makes • How better financial advisors and accountants changed everything • What burnout really looks like behind the scenes • How private equity acquisitions actually work • Lessons every veterinarian, physical therapist, optometrist, dentist, and healthcare practice owner should know before selling. If you're building your practice for long-term wealth—not just income—this episode is packed with lessons that could save you years of frustration. Your practice isn't just a business—it's your greatest wealth-building asset. The Financial Beast Podcast helps healthcare practice owners build wealth, improve cash flow, prepare for successful exits, and create financial freedom. CHAPTERS: 00:00 Why Most Practice Owners Really Sell 01:16 Meet Dr. Aaron Holder 03:04 Building a Veterinary Practice from Scratch 06:09 The Reality of Practice Ownership 09:38 Cash Flow Mistakes That Nearly Every Owner Makes 13:52 Preparing a Practice for Sale 16:00 The Moment She Decided to Sell 20:49 Why Money Wasn't the Main Reason 23:04 Choosing the Right Buyer 26:06 Negotiating the Sale 31:55 Life After Selling a Practice 38:00 Why Your Household Must Come First 40:08 The Future of Independent Practice Ownership 43:10 Final Lessons for Healthcare Practice Owners ________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

  7. Jul 24

    She Grew From 1 to 5 Doctors Without Financial Stress with host, Eric Miller & Guest, Cassandra Cruzen

    Growing your healthcare practice shouldn't mean living with constant financial stress. In this episode of the Financial Beast Podcast, Eric Miller asks Dr. Cassandra Cruzen how she transformed a one-doctor veterinary practice into a thriving five-doctor business while creating systems that eliminated the financial anxiety many practice owners experience. Discover how separating money into dedicated financial buckets helped her prepare for taxes, build retirement savings, hire great associates, develop leaders, and create a business that can eventually operate without her. Whether you're a veterinarian, physical therapist, optometrist, dentist, chiropractor, or another healthcare practice owner, you'll walk away with practical financial and leadership strategies you can apply immediately. In this episode: - Growing from one doctor to five - Eliminating tax-time stress - The "financial bucket" system - Hiring and mentoring associates - Building leadership inside your practice - Tracking KPIs that matter - Preparing your practice for a future sale - Transitioning from practitioner to CEO 🎙 Subscribe for weekly financial strategies designed specifically for healthcare practice owners. CHAPTERS: 00:00 How She Built a Thriving Veterinary Practice 01:19 Welcome to Financial Beast 03:44 From One Doctor to Five 04:31 The Money Bucket System 05:46 Eliminating Tax-Time Stress 08:14 Becoming the CEO Instead of the Practitioner 09:46 Hiring & Mentoring Great Associates 13:06 Building a Strong Practice Culture 13:32 Tracking KPIs Every Week 17:20 Managing Cash Flow Without Stress 18:29 Preparing the Practice for Sale 20:17 Separating Business & Household Finances 22:06 Exit Planning & Ownership Transition 26:29 Encouraging More Practice Owners 29:01 Advice for New Veterinarians 31:16 Working With a Financial Advisor 34:10 The Biggest Financial Lesson _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

  8. Jul 17

    The Biggest Money Mistake Healthcare Parents Make with Host, Eric Miller & Guest, Nathan Shields

    Most healthcare practice owners spend decades building wealth—but very few prepare their children to manage it. In this episode of the Financial Beast Podcast, Eric Miller sits down with Nathan Shields—father of seven, former physical therapy practice owner, and founder of the Private Practice Owners Club—to tackle two critical topics for healthcare entrepreneurs. 📌 PART 1: Teaching Kids About Money Nathan shares how he and his wife built "moneywise" into their family values, the real conversations they have with kids ages 13–27, and why letting children make small money mistakes early prevents big ones later. If you've ever wondered how to raise financially responsible kids while running a demanding practice, this conversation is for you. 📌 PART 2: Practice Metrics That Actually Matter Nathan unveils Pulseboard, his new KPI dashboard for physical therapy practice owners. Learn which metrics drive profitability (and which are vanity), why over-the-counter collections are the fastest cash-flow fix, and the employee compensation ratio that separates thriving practices from struggling ones. Plus: details on the PO Club Conference 2026 in San Antonio. ⏱️ TIMESTAMPS 0:00 – The money conversation most healthcare parents avoid 2:15 – Nathan Shields intro & why he's qualified to talk family + finances 5:00 – The Shields family "moneywise" value 8:30 – Teaching kids to produce: when & how 13:15 – Letting kids make money mistakes 17:45 – Living trusts & estate planning for practice owners 22:00 – Why Nathan's six sons chose trades over college 27:30 – Introducing Pulseboard: the KPI dashboard for PT owners 32:00 – The metrics that actually drive practice profit 38:00 – PO Club Conference 2026 details _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

See All (100)

4.3
out of 5
6 Ratings

About

The Financial Beast Podcast for Practice owners is designed for practice owners to get vital info on financial matters that concern them both personally and professionally. Additional to help them get into ”Financial Beast” mode and stay there so they can achieve all of their financial goals. A financial beast is debt free, protected, invested and set for life!

Information

You Might Also Like