Hiring a psychiatrist for your therapy practice can seem impossible, but it’s also one of the most effective steps you can take for your clients, your team, and your profits. In this solo episode of Your Group Practice, Dan King explains why psychiatrists are so difficult to recruit and what you can do to overcome those challenges. 

Drawing on conversations with experienced therapy practice owners, Dan outlines five key benefits of bringing psychiatric care in-house, including expanding services and improving clinical outcomes, increasing your bargaining power with insurance companies, and boosting the long-term value of your practice. He explains why prescribers attract high-quality therapists and how “quality attracts quality” when your outcomes are strong. 

Dan then shifts to the “how,” outlining what it takes to create a practice that psychiatrists actually want to join. He challenges practice owners to showcase excellent client results, think strategically about hierarchy and leverage, and evaluate psychiatrists as carefully as psychiatrists assess them. 

You’ll also hear practical alternatives, like hiring a nurse prescriber where state laws permit, and four creative recruitment strategies: adding a psychiatrist advisor, partnering with psychiatrists who manage small practices, hiring right out of training, and working with an investment firm familiar with interdisciplinary care and expansion. If you’ve ever felt unsure about psychiatry, this episode will provide you with a more precise roadmap and the confidence to take the next step.

Transform Your Group Practice

Actionable insights for practice owners and clinicians who want to lead, grow, or exit with purpose. This is the podcast shaping a stronger mental health system — one practice at a time.

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About the Host

Dan King is a lawyer turned private equity founder with a passion for fixing burnout in mental health. With a background in M&A, Shark Tank deals, and psychology, he now leads Fireside Strategic — investing in group practices that put people first.

• LinkedIn: linkedin.com/in/danmking
• Website: firesidestrategic.com