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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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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.

Business 286
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Record-Keeping Beyond Charts

Nurse Practitioners in Business

Financial Records Every business is required to track and record all income and expenses. Maintain records of Breach Notification Policies, Business Associate Agreements, and Access Logs (if applicable). Business financial & tax records for 7 years (check current IRS rules). Record Retention: How Long is Long Enough?

HIPAA 195
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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?

Business 195
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Starting A Practice: Questions Every Nurse Practitioner Should Ask

Nurse Practitioners in Business

But when you start a practice, it’s up to you to set boundaries, create the rules, and shape the business overall. Or do you want to generate more income, create a real asset, and build a business for yourself? Are you willing to learn and educate yourself about business ? Do you have clear personal and business goals?

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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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From Bedside to Business: Exploring Opportunities for Nurses

Empowered Nurses

What if your nursing expertise could become the foundation of a thriving business? For many nurses, exploring entrepreneurial opportunities offers a chance to expand their impact and take control of their professional futures. Lets explore some exciting paths where you can transform your expertise into business success.