Not too long ago, we held a webinar on Starting Your Own Practice for nurse practitioners and other clinicians. Unfortunately, too many people could not get on the webinar as we maxed out our platform and others missed signing up.
Because of this, I thought I’d share the some of the questions asked on the webinar via a short video.
Here are the questions:
- Situation: A Medicare HMO patient is seen as a cash patient at the families request. The NP is not in network, but is credentialed with Medicare. Can she collect cash payment from this patient?
- If you are a cash-only business can you accept Medicare/Medicaid patients and have them pay cash or is this illegal?
- My biggest concern is billing Medicaid and Medicare. How do you ensure you do not run into fraud unintentionally? Are there any links or classes that Medicaid offers?
- Is it possible to obtain a practice insurance to cover self only (professional liability insurance) and business later? I’m having a hard time finding a company to offer that. Saying they have to cover the business too.
- Do you have any recommendations on how to find a CPA and attorney?
- What is better LLC or PLLC or S-Corp or C-Corp?
- I will be 60 years old, is this worth the time and effort?
- Is there a manual for the step by step process to starting a clinic?
- Credentialing with CMS is a very painful process, agencies that do this charge a lot of money. Any suggestions?
If you have additional questions or comments, please leave them below.