Will Humphreys argues that most therapists enter the field without financial training, creating misconceptions about money. He proposes profit-sharing models and teaching clinicians the critical 20% of financial knowledge, like reading transparent reports, to align incentives and let them control their future.
Chapters
I think because PTs haven't been exposed to that, and OTs and SLPs, that they come into the industry thinking that that's some sort of like weird risk. But what happens is because things are, are created that way, everyone can win so much more. I believe what you just said is true, and I have for years. If we could get into a profit sharing model with our PTs, OTs, and SLPs, we would solve so many organic problems with how people view money because they would be tied to it. So if they have someone like you in their corner and they're able to communicate that to their teams and then show their numbers in a way that's transparent without showing everything, because there's, there's a lot of education that goes into that. But if they can understand the 20% that gets them 80% of the way there, they'll be free to really control their future, which is what we want.