In the latest Raven Health webinar, Tim Crilly sat down with consultant Ivy Zwicker, who shared her insights on how ABA practice owners can successfully grow their teams while ensuring financial health. With over a decade of experience in the ABA industry, Ivy’s expertise helps businesses navigate the challenges of sustainable growth.
Key Takeaways: Financial Health & Growth
Ivy introduced the concept of ‘No Margin, No Mission,’ emphasizing the importance of maintaining financial stability to keep the mission of helping families alive. While passion drives ABA practices, the financial component ensures longevity. Ivy recommended performing a market analysis when expanding into new areas, ensuring that there is not only client demand, but also enough RBTs and BCBAs to support your services.
Understanding Rates & Caseload Management
Ivy highlighted the importance of knowing payer rates and managing caseload metrics. Understanding your reimbursement rates—especially for core services like 97153 and 97155 – is critical to sustaining a healthy business. Additionally, Ivy discussed the need for tracking growth carefully to avoid overstaffing, which could lead to financial strain.
Data-Driven Decisions for Growth
Ivy stressed the importance of tracking metrics like authorization utilization and average billable hours. She explained how maintaining data dashboards allows ABA owners to make informed decisions about when to hire more staff and how to optimize their existing teams for both financial and operational success.
Balancing Growth and Client Needs
It’s essential to balance client growth with workforce management. Ivy advised owners to carefully analyze their client demographics and ensure they are strategically filling gaps in their caseloads, particularly during underutilized hours, such as mornings and early afternoons.
Final Thoughts
For ABA practice owners, Ivy’s advice centers around being realistic with your business growth, tracking the right data, and ensuring financial health from day one.
Interested in learning more? Watch the full, free webinar below:
Click here to watch the webinar.