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Business Structures: What You Must Know…

Nurse Practitioners in Business

It is considered an informal business structure; no formal registration is required except for necessary licenses or permits. Even though a business can be passed on to a beneficiary, a new business must be established, complete with licenses and permits. It is the default structure if no other selection is made.

Business 195
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Don’t Let Tax Season Sneak Up: Use This Checklist

Nurse Practitioners in Business

Business Insurance: Malpractice insurance, general liability insurance, and workers compensation (if applicable) are all deductible expenses and must be tracked and recorded. Software & Subscriptions: Monthly fees for EHR systems, telehealth platforms, or continuing education memberships should be recorded.

Business 286
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The Rise of Malpractice Claims Against NPs

Daily Nurse

In December 2019, the American Association of Nurse Practitioners (AANP) reported that 290,000 NPs were licensed to practice in the United States. Why have malpractice claims – in terms of the amount of money awarded – been increasing? percent of licensed NPs in the U.S. percent compared to the 2017 dataset ($300,506).

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Help, I’m Being Sued!

Empowered Nurses

The last thing we want to do is to be sued in a medical malpractice case. Malpractice is a fancy word for negligence: a civil wrong. If you give ampicillin instead of aminophylline and the patient has no untoward effects, it is not malpractice. These are the words of a nurses biggest nightmare.

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Legal Responsibilities of Nurses in Medication Administration 

American Medical Compliance

Nurses must: Administer medications as prescribed Monitor for side effects Document properly Report any errors promptly Healthcare providers must also ensure their nurses are licensed and aware of their states regulations. Not knowing the law isnt an excuse.

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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. With more NPs practicing autonomously and an increasing number of malpractice lawsuits, insurance premiums have seen a significant increase. rise in total claims.

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How To Close A Practice – The Right Way

Nurse Practitioners in Business

Malpractice Insurance & Professional License: Notify your state licensing board of your upcoming office closure. Contact your malpractice insurance to notify them of the practice closure. Cancel any service contracts related to the practice, such as software subscriptions and equipment leases.