Even though you are a Nurse Practitioner in your own practice, you didn’t go into healthcare because you love spreadsheets, financial statements, or business jargon. You got into healthcare to help people, to make a difference. But once you operate your own practice, you quickly learn that business jargon and finances are no longer optional. Read More
You’ve probably heard the phrase “Cash is King.” What does that mean for your Nurse Practitioner (NP) practice? If you’re bringing in plenty of revenue, that should mean your practice is financially healthy, right? Well, not necessarily. Many business owners falsely assume their business is doing well if they bring in lots of money. And Read More
Owning a nurse practitioner practice can be both rewarding and challenging. While providing high-quality care to patients is always the top priority, increasing revenue is also essential to keep the practice running smoothly. For nurse practitioner practice owners who are looking to boost their income, there are several strategies they can implement to achieve their Read More
No, it’s not a trick question! While most of us think we know the difference between the two concepts, do we? And do we realize how confusing the terms might affect our bottom line? Because frequently, the two terms get used interchangeably. People mix them up and use them without qualifying what they represent! And Read More
When it comes to the clinical side of your practice, there are “things you know for sure.” You know that a 2.9 potassium indicates your patient is headed for trouble unless proper intervention occurs. You know a blood pressure reading of 170/95 needs to be dealt with at once. You know an A1c of 14.5 Read More
While the March 1st automatic cuts will affect many areas of the economy it is estimated that up to 766,000 health care related jobs could fall victim to the 2% cuts in Medicare spending. (Joint report AHA, AMA & ANA Sept 12, 2012.) But the risk of being lost is not limited to jobs alone. Read More
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