Private Therapy Practices Face Financial Strain amid Economic Woes

The financial stability of private therapy practices is increasingly precarious, with the majority of therapists reporting anxiety over the current economic climate. Almost 85% of private practice therapists are concerned about the economy impacting their practice in 2024, according to a survey conducted by mental health-focused accounting startup Heard. Despite these concerns, most therapists said they did not plan to raise fees in 2024.

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Source: https://bhbusiness.com/2024/04/05/private-therapy-practices-face-financial-strain-amid-economic-woes

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