Private Practice Elevation With Daniel Fava

In this episode of the Private Practice Elevation podcast, Daniel Fava sits down with Michael J. Silva to discuss strategies for building a successful private practice without heavily relying on low-paying insurance contracts.    Silva shares his journey from experiencing early career burnout in corporate healthcare to establishing a flourishing cash-based sports medicine practice.    Alongside offering practical advice for navigating the transition to a cash-based model, Silva highlights the importance of finding your niche and over-delivering value to clients.   Michael details his process of identifying and eliminating unprofitable insurance contracts, emphasizing the importance of knowing your numbers.    By focusing on a motivated and health-conscious clientele, Silva and his team were able to build a thriving practice with a low cancellation rate and highly satisfied clients.    Silva’s insights provide valuable lessons for mental health therapists, physical therapists, and other healthcare providers ai