article thumbnail

The First Year: What to Expect When Running a New Nurse Practitioner Practice

Nurse Practitioners in Business

Typical Start-Up Expenses Include: Office rent and utilities EHR (Electronic Health Records) software Office and medical supplies Staff salaries Insurance and licensing fees Cash Flow Tips: Prompt billing: Submit claims as soon as possible to avoid reimbursement delays. Focus on creating a team culture that values patient care and teamwork.

article thumbnail

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

Nurse Practitioners in Business

2 Make Sure All Income is Accounted For Take extra care to ensure all revenue sources are appropriately accounted for. Professional Fees: Renewing your state license, board certifications, and memberships in professional organizations (AANP, state NP associations) are all tax-deductible.

Business 286
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

Nurses need care too – how curbing self-sacrifice can prevent burnouts

Nursing Review

Culture of self-sacrifice I interviewed nurses in the Netherlands about their workplace experiences including burnout for my research. And I found that one of the main reasons nurses leave is because of the professions culture of self-sacrifice. Nursing education must teach self-care and boundary setting as essential skills.

article thumbnail

Upsells in Healthcare: Ethical, Legal, Risky?

Nurse Practitioners in Business

As an NP in private practice, youre balancing patient care with operating a business. Employing upsells and cross-sells in healthcare requires careful consideration to stay within ethical and moral guidelines and to operate within the law. Unfortunately, the two dont always align. What are Upsells and Cross-Sells?

Business 195
article thumbnail

Do You Worry About Getting Audited?

Nurse Practitioners in Business

So this truly is for all of us with licenses. So basically…are you doing everything you should be doing, not only in the types of care you are providing but also in the business aspect of your practice? Are you providing quality care and in compliance with standards of care? Or are there liability issues?

Business 370
article thumbnail

All shift long nurses use critical thinking skills

The Nursing Site

The stronger those skills are, the higher the quality of care they provide to their patients. Nurses who have weak and almost non-existent critical thinking skills will continue to struggle and their level of patient care will suffer. Consult with your team and build your self-confidence. Was it successful? What worked?

Self-Care 246