Mastering Massage Therapy Practice Finances

About the Course
Finance can be a challenging and intimidating topic for any massage practice owner. Mastering Massage Practice Finances was created to help massage therapists navigate the financial waters of business. By learning techniques to plan, implement, and quantify financial decisions, massage therapists will have a better understanding of the financial side of their already existing or yet-to-be-established practice.

Learning Outcomes
  • Recognize the importance and process of setting financial goals
  • Identify the basic components of a financial statement
  • Recognize the components of a clear financial plan and the steps needed to calculate any numeric component
  • Identify the advantages and disadvantages of funding sources for both startup and established businesses
  • Identify different location options available for your practice
  • Select the client specific financial policies
  • Identify how and why these policies should be implemented in a financially stable practice
  • Select the business based financial policies
  • Identify how and why these policies should be implemented in a financially stable practice
  • Identify a reserve account and how it should be used
  • Recognize how to incorporate your Financial Plan into the day to day operations of your practice
  • dentify the steps needed to conduct regular statistical analysis on your business including business metrics such as revenues, expenses, and profit
  • Locate business statistics to make business decisions and revise the financial plan
  • Identify the benefits of utilizing technology when working with business finances and the components of safe online banking

About the Author
Stephan Shipe is a finance professor at Wake Forest University. He has a Ph.D. in Finance from Florida State University, a bachelor’s degree in finance from the University of North Florida, and is a CFA Charter holder. In addition to teaching at Wake Forest University, he has taught in the business schools of Florida State University and the University of New Hampshire and has started and managed multiple businesses.
Stephan has combined his experience teaching, his extensive business knowledge, and his industry experience to form a collection of business-based continuing education courses available to massage therapists.
How to Receive Credit
  • Watch the entire video.
  • Answer the final examination questions at the end of the course. A passing grade of 75% is required. Test questions link content to learning objectives as a method to enhance individualized learning and material retention.
  • Provide required personal information and payment information.
  • Complete the mandatory course evaluation.
  • Print your Certificate of Completion.
Resolution of Conflict of Interest
Colibri Healthcare, LLC implemented mechanisms prior to the planning and implementation of the continuing education activity, to identify and resolve conflicts of interest for all individuals in a position to control content of the course activity.

Sponsorship/Commercial Support and Non-Endorsement
It is the policy of Colibri not to accept commercial support. Furthermore, commercial interests are prohibited from distributing or providing access to this activity to learners.

The information provided in this activity is for continuing education purposes only and is not meant to substitute for the independent medical judgment of a healthcare provider relative to diagnostic and treatment options of a specific patient’s medical condition.
©2023: All Rights Reserved. Materials may not be reproduced without the expressed written permission or consent of Colibri Healthcare, LLC. The materials presented in this course are meant to provide the consumer with general information on the topics covered. The information provided was prepared by professionals with practical knowledge of the areas covered. It is not meant to provide medical, legal, or professional advice. Colibri Healthcare, LLC recommends that you consult a medical, legal, or professional services expert licensed in your state. Colibri Healthcare, LLC has made all reasonable efforts to ensure that all content provided in this course is accurate and up to date at the time of printing but does not represent or warrant that it will apply to your situation nor circumstances and assumes no liability from reliance on these materials. Quotes are collected from customer feedback surveys. The models are intended to be representative and not actual customers.

Colibri Healthcare, LLC is approved by the National Certification Board for Therapeutic Massage and Bodywork (Provider #450215-06). Most states accept courses approved by this board.