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How to Reduce Staffing Costs in Your NP Practice

Nurse Practitioners in Business

Here are the top three expense categories typically seen in a small practice: Employee expenses: payroll, benefits, taxes Rent & Utilities: office space & water, gas, electricity, internet Insurance: medical malpractice, general liability, property, workers compensation, and other types of coverage. Insurance is a non-negotiable.

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Building an Emergency Fund for Your Practice

Nurse Practitioners in Business

Do you have an emergency fund for yourself and your business? As a business owner, you may be exposed to additional risks further impacting your ability to conduct business and generate income. In Summary, Is it safe to say we all agree on the importance of building an emergency fund for our business and personal lives?

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Don’t Let Tax Season Sneak Up: Use This Checklist

Nurse Practitioners in Business

People and businesses get ready to file their yearly income tax. While business filing dates can vary with the choice of business structure and date of formation, most small business owners file their business taxes when they file their personal tax returns. The tax season is moving into full swing.

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From Bedside to Business: Exploring Opportunities for Nurses

Empowered Nurses

What if your nursing expertise could become the foundation of a thriving business? Nurses possess a rare combination of clinical knowledge, communication skills, and problem-solving abilities, making them uniquely suited for diverse business ventures. Creating a Product or Service Do you have an innovative idea?

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Why Legal Nurse Consulting Is the Easiest Business to Start

Empowered Nurses

Starting a business may sound intimidating, but as a nurse, you already have the perfect foundation to succeed in legal nurse consulting (LNC). In fact, among the many business opportunities available to nurses, legal nurse consulting stands out as one of the easiest and most lucrative to start. Heres why: 1.

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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. You’ll also find us in your favorite podcast player.

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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.