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Business Structures: What You Must Know…

Nurse Practitioners in Business

Choosing the correct business entity is one of the most critical decisions when starting a practice, but you dont want to rush it. So now, lets break down whats involved in choosing a legal structure or business entity. But first What Is a Business Structure or Entity? In the event a business owner dies, the business ends.

Business 195
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NPs and Professional Liability Insurance: Getting it Right

Nurse Practitioners in Business

Professional liability insurance, also known as malpractice insurance, is a crucial component of protecting nurse practitioners (NPs) in their practice. Whether you’re a business owner or employed by someone else, having your own policy is essential. rise in total claims.

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How To Close A Practice – The Right Way

Nurse Practitioners in Business

In the US, as you may know, most small businesses fail in the first 5 years. Life commitments may change; the business owner may move into the season of life where one looks toward retirement. When closing a business, several legal obligations must be fulfilled to ensure a smooth process and avoid legal troubles.

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Risks Facing Nurse Practitioners Today

Minority Nurse

Nurse practitioner malpractice data can be used to inform and address areas of clinical improvement as well as help to improve the quality of care and patient safety. Malpractice claim costs are on the rise. The average total incurred amount of a nurse practitioner malpractice claim has increased to $332,137 – a jump of more than 10.5%

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CNA Lawsuit Highlights 1099 Worker Rights

IntelyCare

These agencies rely on an “independent contractor” business model, meaning that nursing professionals who use their services aren’t provided with employee benefits or protections. As 1099 workers, these nursing professionals are considered to be more like an autonomous business than an employee.

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1099 Roundup: Healthcare Staffing Coalition Seeks DOL Opinion Letter

IntelyCare

Last year, Illinois updated its nurse licensing laws requiring 1099 staffing agencies to consider their nurses as employees instead of independent contractors — turning the under-invested 1099 business model on its head. If you have legal questions, you should seek the advice of an attorney licensed to practice in your jurisdiction.

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Healthcare Staffing and 1099 Misclassification: Lawsuit Roundup

IntelyCare

When businesses are short-handed, contract workers seem like the ultimate quick fix — short-term help, no commitments, and a predictable, one-time cost that disappears as soon as the need recedes. If you have legal questions, you should seek the advice of an attorney licensed to practice in your jurisdiction.