Below you'll find a list of all posts that have been tagged as “Business Basics”
If you’ve been thinking about starting a business, there are three fundamental things to consider before making any decisions. These three considerations apply regardless if you want to start a clinical or non-clinical business. And… they hold true no matter if your new venture is full-time or part-time. Starting a business doesn’t come with any …
We talked about revenue and expenses last week. Did you get a chance to look at the numbers for your practice? Was there room for adjusting one or the other, or perhaps both? What would you have to do to increase your revenue, decrease your expenses, or perhaps a combination of the two? If you …
As a small practice owner you wear many hats throughout the day; it’s probably second nature to you by now. Throughout the day you’re not only the provider; there are times you may also be the: Marketer Communicator Front Desk Helper Medical Assistant Techie Human Resource Director Bookkeeper Bill collector Number cruncher Coder and Biller …
A reader recently asked us, how do I choose a niche. I think this is a great question because every business – both clinical and non-clinical – needs a niche. This topic also came up at the recent NP Business Boot Camp (get on the waiting list for the next boot camp here) as well, so let’s …
While Nurse Practitioners can and do make great business owners, not everyone is cut out to start, own or operate their own healthcare practice. Here are 7 reasons why you may NOT want to start your own practice (at least not right away): 1. You are risk adverse. You need and want a guarantee that …
Many small practices are expected to go out of business with the changes in ICD10. Why? October 1, 2014 ushers in the largest change many of us have seen in medical billing and coding as the US adopts ICD10. The changes are sweeping. According to the CDC, there are almost 19 times as many procedure …
Nurse Practitioners entrepreneurs are often faced with negotiating some sort of contract be it for services, supplies or collaboration. While there are plenty of books and courses available to sharpen your negotiation skills, Tim Berry recently posted “Three Simple but Powerful Rules for Negotiation” that helps bring this to a simple but elegant solution.
