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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

Business Insurance: Malpractice insurance, general liability insurance, and workers compensation (if applicable) are all deductible expenses and must be tracked and recorded. To sum up … By following this checklist, Nurse Practitioners in business can stay organized, file their taxes on time, and avoid penalties.

Business 286
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Building an Emergency Fund for Your Practice

Nurse Practitioners in Business

“ The post Building an Emergency Fund for Your Practice appeared first on Nurse Practitioners in Business. Join the conversation, leave your comment below By Johanna Hofmann, MBA, MAc., EAMP; regular contributor to the NPBusiness blog and author of Smart Business Planning for Clinicians.

Business 195
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Record-Keeping Beyond Charts

Nurse Practitioners in Business

Administrative and Business Records This category includes your practices foundational paperwork: Business & professional licenses Continuing education documents Tax IDs Federal registrations Vendor and lease agreements Malpractice insurance records Credentialing records Collaborative agreements Etc. By Johanna Hofmann, MBA, MAc.,

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Nurse Practitioner Liability Report Reveals Malpractice Claim Costs Are on the Rise

Daily Nurse

The average total incurred amount of a nurse practitioner malpractice claim has increased to $332,137 – a jump of more than 10.5% since 2017, according to a newly released claim report published by the Nurses Service Organization (NSO), a division of Aon Affinity.

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The Rise of Malpractice Claims Against NPs

Daily Nurse

According to “The 2022 Nurse Practitioner Professional Liability Exposure Claim Report: 5th Edition,” claims again nurse practitioners (NPs) are rising. To find out what this means and what NPs can do about it, Daily Nurse interviewed Georgia Reiner, MS, CPHRM, Risk Analyst, Nurses Service Organization (NSO).

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Starting A Practice: Questions Every Nurse Practitioner Should Ask

Nurse Practitioners in Business

Many Nurse Practitioners have built successful practices on a shoestring budget. Deciding what types of insurance (malpractice, liability, property) you need and how to choose the proper coverage. The post Starting A Practice: Questions Every Nurse Practitioner Should Ask appeared first on Nurse Practitioners in Business.