Is it a recession? A slow down? Something else? Regardless, NPs need to understand how to protect their practices and even thrive. The news is quite unsettling these days on many fronts and there is a lot of talk in healthcare about the economy and if, when, and how it will impact healthcare and healthcare …
It’s not uncommon that NPs approach business with the idea that they can bootstrap their business. Indeed, if you do an internet search, you’ll find tons of articles on how to bootstrap your business. Indeed, there are many companies that did their startup this way. However, it just means they did not go after investors. …
There are several different kinds of policies and areas of coverage when it comes to business insurance. For practice owners, this can get a bit confusing. In this episode #62 of the NP Business Matters Podcast, I’m talking about the different kinds of insurance, why you might want to have them, and where to find …
If you are billing third-party payers, chances are you’ve run into a glitch or two. Creating better billing habits just might help you breathe easier. Very few of us would say our processes cannot be improved. And judging from some of the NPs I’ve spoken to, and the questions I’ve received, the billing process is …
Quitting your job can be uncomfortable… more so when you’re leaving to start your own practice. While you’re ready to move on, your employer may not share your enthusiasm. Some feel resentful, while others become “unpleasant” to work with. After all, they’ve invested time and money in you. They may fear losing patients, particularly if …
A common concern when starting a practice is where will you get the money, and how will you fund this practice. There are many ways to approach funding your business. For example, a few funding options you might use include: Personal Savings Personal loans Commercial Loans Selling a home or obtaining a home equity line …
Starting a practice is not an easy thing to do, nor is it a linear process. There are several moving parts, Many things are happening all at once and they are often interdependent on one another. That’s where a framework comes in. In this episode of the NP Business Matters Podcast (#58), I talk about …