153. Successful OT Practices Are One Funding Letter Away From Broke

You can have a full caseload, a waiting list and a successful OT private practice, and still be one funding change away from a serious problem.

In this episode of the OT Yourself to Freedom Podcast, Beki Eakins talks about something she is seeing again and again with Occupational Therapy business owners across Australia, the UK and the US.

NDIS changes. Frozen therapy rates. Insurance restrictions. Commissioning changes. Rising costs. More paperwork. Smaller margins.

The problem is not that these OTs are bad at business.

Many of them are incredibly successful.

The problem is that too much of their income is controlled by somebody else.

Beki explores why being fully booked does not automatically mean your OT business is secure, what concentration risk looks like in an Occupational Therapy private practice, and why every OT business owner should be thinking about creating at least one income stream that a funder cannot control.

She also shares practical ways to start thinking differently about your existing OT skills, including private-pay services, high-ticket offers and opportunities that sit outside the traditional funding model.

In this episode, Beki talks about:

  • Why successful OT private practices can still be financially fragile
  • The risks of relying heavily on NDIS, insurance or other funding bodies
  • Why a full waiting list does not always mean you have a safe business
  • How to work out your biggest concentration risk
  • Finding the support your clients need that funding currently does not cover
  • Creating private-pay and high-ticket offers using your existing OT expertise
  • Why sales and marketing are important skills for Occupational Therapists in business
  • How to start creating income you have more control over

If you run an OT private practice, clinic or independent Occupational Therapy business, this episode will help you look at your business differently and ask a very important question:

How much of my income do I actually control?

 

Connect with Beki

Are you ready to leave the whinger mindset behind and embrace your inner go-getter? Beki helps OTs worldwide design, launch, and scale their online business

Free Resource: Download Beki’s free overnight mindset meditation for free to help you build confidence, overcome money mindset challenges, and develop self-belief.

Join OT Yourself To Freedom Membership:

Discover the only membership designed specifically for OTs to create freedom-based businesses by leveraging the skills you already have. Learn to design and sell  offers, market effectively, and align your work with your purpose.

 

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About the Host

Beki Eakins is a business mindset and lifestyle coach for occupational therapists. After leaving traditional OT practice, she has helped hundreds of OTs worldwide design aligned online businesses that support freedom, income, and purpose, without burning out.