There are 6 habits that practice owners have, often for the sake of time, that will hurt their practices. It’s widely known that most businesses fail because of poor cash flow. These 6 habits directly contribute to negatively impacting your practices’ financial health. Habit: Failure to verify If your practice accepts insurance coverage, you must …
Business structures sometimes confuse new business owners, including nurse practitioners. Here are some considerations and things to avoid. There are multiple business structures one can choose from, depending on your state and their requirements. In this episode of the podcast and video, I give an overview on the following, plus tell you which of them …
Cost per patient and payer mix are among the top numbers you need to track when we talk about knowing your numbers. It can make the difference between a practice that is financially solvent and one that is struggling. When I asked a group of NPs, they did not know the answer. It does not …
Have you ever wondered if your license was at risk? Our licenses, NPI’s numbers, and our ability to write prescriptions are valuable to many who are likely to be less scrupulous than we are. And the risk that NPs can be exposed to varies. Perhaps, you’ve been approached with an opportunity that could help increase …
Nurse Practitioners often ask in our Facebook group, what does it cost to start a practice? As you might expect, the answers that group members give are all over the board. The question is essentially impossible to answer without further information. There are a lot of variables involved. What kind of practice? Where is it …
You want to start a business as a nurse or nurse practitioner and yet, you don’t want to be in clinical practice. What should you do? In this episode of the NP Business Matters podcast, I talk about things you can do that are other than clinical practice. On the other hand, if you are …
Do you ever find yourself trying to decide what kind of business you want to start? You are not alone in that. It’s a question many nurses and NPs ask themselves. In this episode and the next of the NP Business Matters podcast, I’m discussing and giving you a lot of ideas. Today we’ll discuss …