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 …
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 …
Starting a business is high on the list of goals for many nurses and nurse practitioners. Many of us want to start a clinically related business, and others do not. Regardless of what type of business you want to start, there are specific considerations you’ll want to understand before you move forward. Take a look …
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 …
Many Nurse Practitioners are frustrated in their day to day work. They feel rushed to see lots of patients. Of course, that goes against our nature – we want to take the time to really hear our patients, to communicate with them and to really address issues that are affecting their health. Sometimes there is …