nurse practitioner practice business plan

How to Start Your Own Practice as a Nurse Practitioner

You may be thinking, “What do I need to do to open my own business as a nurse or nurse practitioner (NP)? How hard is it going to be? What support will I need?”

Opening your own business is not quite like nursing school or your first nursing job. It’s similar in that you will:

Still need to put in a lot of work
(Potentially) pull all-nighters
Need a great support network

But like nursing school and that new job: In the end, it’s worth it.

We spoke with business owners Wendy Jules, RN, BSN, and Peggy Roberts, DNP, WHNP-BC, who know a thing or two about nurse entrepreneurship. Both opened their businesses during the COVID-19 pandemic!

8 Pandemic-Proof Steps to Opening Your Healthcare Business

As registered nurses (RNs), Jules and her cofounder Carla Nelson knew they had the skill set to open a healthcare business. Their education and nursing experiences gave them confidence.

Being passionate about the services or products you are offering is key, they say. If your passion doesn’t shine through, your clients won’t be passionate either.

Roberts also notes the importance of taking your time. Due to the pandemic, it took Roberts almost a year to open the doors to Trust Women’s Healthcare. Although this was a long time, starting a business is a huge responsibility. There are many risks involved, and you want to do it right.

“This isn’t a race; it’s a marathon,” Roberts says.

Ready to take the next step? Here are eight essential steps you need to take when opening up a new business.

1. Know Your ‘Why’

Although opening a business can be profitable, knowing your ‘why’ is even more important than making money. If you want to have a successful, scalable business, take some time and write down exactly why you want to be a business owner.

For both our nurse entrepreneurs, the ‘why’ behind their businesses hit home in personal ways, including representation, accessibility, and giving back to their communities.

Jules and Nelson noticed a major lack of representation of Black skin care providers in their community. This was when they came up with the idea of opening Fleur De Lis Beauty & Esthetics, a medical spa in Brooklyn, New York.

“Our goal was to provide easy access to corrective skin care,” Jules says. “We also wanted to create a beautiful space where clients can come, relax, and make self-care a priority.”

Roberts penned Trust Women’s Healthcare as a way to give back to her community. After completing her doctoral studies, she was astounded to learn the overwhelming healthcare disparities Black women face in the United States. Black women are 3.5 times more likely to die from complications from pregnancy than white women, prompting a need for advocacy for patients of color .

After seeking other leadership roles and talking to colleagues, Roberts decided opening a women’s health clinic was the best way to give back to her community. She also hopes to decrease women’s health disparities among women of color.

“I always believed if you are not invited to the table, you create your own,” Roberts says.

2. Have Your Paperwork in Order

You need paperwork to get your business off the ground. According to Jules, this includes:

Choosing a name for your practice
Figuring out how to structure your business (e.g., limited liability company, sole proprietorship, partnership)
Getting an Employer Identification Number

There are many types of business structures you can choose from. First, you should decide which type of business will work best for you and your company.

Three Common Types of Business Structures

Limited liability company : An LLC lets you take advantage of both a partnership and a corporate business structure. You must file your LLC with the state where you practice.
Sole proprietorship : A sole proprietorship is when one person owns and runs the daily operations of the business.
Partnership : A partnership is when two or more people own and run the business’s daily operations.

These business structures have pros and cons, so remember to research to find the best fit for your goals.

3. Know How You’ll Fund Your Business

You want to open your nursing business, but how will you fund it? There are many ways to fund your business. You can use the money you’ve saved up, or you can borrow from a bank.

Since Jules and Nelson opened their business during the pandemic, they encountered hurdles while securing funds. Many banks were not willing to support their business.

“We initially relied on our family, friends, and ourselves, emptying out our 401ks to fund the business,” Jules says.

Luckily, they partnered with Carver Bank, the largest African American managed bank in the United States, who helped them navigate the banking system through the pandemic.

To secure funds, it’s important to gather enough information to make informed decisions. This includes:

Speaking to family and friends
Calling several banks to find out which ones will work with you
Consulting a certified public accountant (CPA)

Speaking with a CPA can save you a lot of time and prevent mistakes. The benefits of consulting with an accountant can help set up your business successfully, Roberts says.

4. Speak to a Healthcare Attorney

When opening a business, you may think all attorneys are created equal. They aren’t. A healthcare business is specialized. Roberts suggests seeking out attorneys who are fully versed in healthcare law.

“Really do your research and interview your attorney,” Roberts advises. This will help with any unforeseeable issues.

Also, make sure to budget for an attorney. They can be expensive. Roberts is based in New York, so her attorney came with a hefty price tag.

Make sure to do your research before meeting an attorney. Have your questions ready. The more prepared you are, the lower the price tag.

5. Obtain Certifications Your Practice Requires

If you want to open a medical spa, getting certifications will allow you to provide various services and attract more clients. Jules suggests getting the certifications your practice is going to require.

“For myself, we decided to do intravenous (IV) hydration, so I undertook certifications in IVs and injectables,” Jules says.

Build as much outside knowledge as you can to bring value to your clients and wealth into your practice.

6. Understand Your Business Partner’s Role

Opening up a business can be confusing and emotional if you have a partner. Personalities can clash. That can be draining and take away from your business goals.

Jules and Nelson are sisters, roommates, and business partners. “We saw each other every day,” Jules says.

To combat possible roadblocks, Jules suggests understanding your partner’s business language.

For Jules and her sister-turned-business partner, this meant separating their personal relationship from their business relationship. By doing this, there is less room for role confusion.

“If everyone is doing everything, it’s difficult to keep track of your success or your failures,” Jules says.

7. Research and Find Resources

You can’t start a business without doing research. You should use your resources for advice.

If you are an NP, research the practice authority in your state first.

Note that an NP’s scope of practice varies from state to state. Some states have full authority; some have restrictive authority. Be sure to know which level your state offers.

8. Network, Network, Network

In the age of social media, finding resources to help guide your path of nurse entrepreneurship shouldn’t be too difficult. Roberts suggests leveraging social media platforms like Instagram or LinkedIn to network and access resources available to you. You can get a lot of information from nurses and NPs who are opening similar businesses, too.

With endless access to advice on social media, it’s important to separate reputable sources from misleading ones.

If you are suspicious, Roberts suggests checking out the website or LinkedIn profile for the businesses or business owner you’re looking to take advice from. Follow them for awhile and see who else they follow. Finally, make a decision based on your findings.

Remember that you have many transferable skills as a nurse that can lend to successful entrepreneurial adventures. It takes making the first step to get to where you want to be.

Other beneficial resources to support you along the way include:

Reaching out to your local Small Business Association
Attending networking events for nurses and business owners
Taking advantage of professional nursing organizations by becoming a member of a nursing or an NP association

Meet Our Contributors

Peggy Roberts, DNP, WHNP-BC

Peggy Roberts, DNP, WHNP-BC, is a doctoral-prepared, board-certified New York licensed women’s health nurse practitioner . She has extensive experience in preventative medicine for women, high risk pregnancies, and sexual medicine. Roberts’ passion and dedication to providing the utmost care to women has led her to her own practice, Trust Women’s Healthcare , which provides comprehensive and holistic care to women of all ages.

Wendy Jules, RN, BSN

Wendy Jules is a passionate aesthetic registered nurse and co-owner of Fleur De Lis Beauty & Esthetics nestled right in the heart of Brooklyn, New York. Before working in skin care, Jules traveled the world as a crisis nurse assisting people during natural disasters and casualties. Jules’ top goal at Fleur De Lis Beauty is to engineer skin care and wellness that will take center stage in the lives of her clients by providing a focus on beauty, self-care, and a healthy lifestyle.

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nurse practitioner practice business plan

How to Launch Your NP Private Practice in 2024: A Step-by-Step Guide

For many Nurse Practitioners (NP), starting their own private practice represents a pinnacle of professional achievement.

The autonomy and potential rewards can be compelling. However, it’s important to remember this is a marathon, not a sprint. The process requires careful planning, attention to detail, and an unwavering commitment to meet stringent requirements.

That’s where NPHub steps in. We’re here to guide you through your journey of launching your private practice as an NP in 2024.

This comprehensive guide covers everything from legal prerequisites and scope of practice to credentialing, business planning, marketing strategies, financial management, and more.

Your dream of owning a practice can become a reality. We’re here to help you make it happen.

Navigating the Legal Requirements

Each state has its own regulations regarding licensure, certifications, and permissions to operate as an independent healthcare provider. Spend time researching these prerequisites carefully to avoid potential pitfalls.

Moreover, consider malpractice insurance. Although it can feel like an additional burden, it’s vital for protecting yourself and your practice against potential legal claims.

Your state’s laws governing private practices will guide the type and amount of coverage required.

Determining Your Scope of Practice

Some states grant full practice authority to NPs, while others offer reduced or restricted autonomy.

Understanding your professional boundaries and privileges is crucial in defining your practice’s services.

Remember, the scope of practice isn’t static. As healthcare regulations evolve, there may be opportunities to expand your services.

Keep up-to-date with legislative changes in your state to ensure you’re maximizing your potential as an NP.

Acquiring NP State Licensure

State-specific licensing requirements can differ significantly, making visiting your state’s Board of Nursing website essential.

Stay informed about educational qualifications, examinations, and other state-specific requirements.

Being licensed means you’re legally eligible to practice and signals to patients and peers that you’ve met the high standards expected of healthcare professionals.

While this process may be lengthy and challenging, it paves the way for your successful private practice.

Managing Credentialing and Enrollment

Getting credentialed and enrolled with insurance companies can seem daunting, but it’s critical to ensure your practice’s financial viability. The process involves:

Gathering necessary information about your qualifications and experience.
Researching various insurance companies to understand their specific requirements.
Completing detailed applications.
Regularly following up on the process to ensure smooth progress.

Creating a Business Plan

Creating a robust business plan is more than a regulatory requirement. It’s the blueprint for your practice’s success.

Start by defining the services you’ll offer and identifying your target market. This should be followed by:

Creating a financial plan detailing the projected revenues, costs, and profitability.
Setting competitive yet profitable prices for your services.
Defining a marketing strategy to attract and retain patients.

A well-executed business plan can help attract potential investors or secure loans and act as a roadmap guiding your practice’s growth and development.

Considering NP Practice Operations

Consider which tasks you’ll handle personally and what you’ll delegate to other staff. Be it administrative tasks, patient care, or billing, efficient workflows can enhance your practice’s productivity and patient satisfaction.

Outsourcing specific tasks can free up your time for patient care, where your skills and training truly shine.

However, you’ll also need to oversee and manage these outsourced functions to ensure they align with your practice’s standards and objectives.

Growing Your Practice with Marketing

Marketing is key for your NP private practice growth. Today’s digital world offers many opportunities to reach potential patients. Your marketing strategy might include the following:

An optimized website to make your practice easily discoverable online.
Effective search engine optimization (SEO) to boost your visibility in search engine results.
Digital advertising to reach a larger audience.
Online reputation management to build trust and credibility.

Remember, marketing is an ongoing effort. Keep refining your strategy based on feedback and performance metrics.

Managing Financials

Managing financials involves more than just tracking expenses and revenues.

A healthcare financial dashboard provides insights into charges, claims, and cash flow, guiding your financial decisions.

By closely monitoring these financial metrics, you can identify trends, spot issues early, and make informed decisions to ensure the financial health of your practice.

Establishing Your Practice’s New Internal Systems

An efficient practice requires several internal systems, such as electronic health records (EHR) software, payer contracting and billing, and telehealth software. Establishing these systems from the start can streamline operations and improve patient care.

A well-integrated EHR system can securely manage patient data, scheduling, and billing. At the same time, an effective telehealth solution extends your practice beyond physical boundaries, reaching more patients and reducing missed appointments.

However, implementing these systems requires careful planning, training, and ongoing management.

Choosing an EHR System

A suitable EHR system is crucial for modern healthcare practices. When choosing your system, consider factors such as:

Compatibility with your practice size.
Secure interfacing with medical labs.
A user-friendly patient portal for easy access to health records.

Payer Contracting and Revenue Cycle Management

Effective billing and contracting systems are essential for your private practice’s financial health. These systems ensure you’re reimbursed appropriately for your services.

Always ensure your providers are appropriately credentialed and leverage revenue cycle management tools to maximize reimbursement submissions.

Implementing a Telehealth System

A well-integrated telehealth system extends your reach, reduces missed appointments, and improves patient satisfaction.

When setting up your telehealth system, look for a solution that integrates seamlessly with your EHR system for a smooth patient experience.

NP Telehealth Considerations

While telehealth offers many benefits, it also introduces new considerations. These might include:

Mobile video app portals for patient communication.
Optimizing EHR system integration for improved efficiency.
User-friendly interfaces to reduce tech-related stress.

Undoubtedly, setting out on your journey to establish a private practice as a NP is challenging.

There are countless requirements, decisions to make, and obstacles to navigate. But with careful planning, determination, and the proper guidance, you can reach your goal.

Remember, this journey is worth every effort. The satisfaction of operating your own practice, contributing to patient health, and making a difference in your community are rewards unparalleled.

There’s never been a better time to take the leap and start your private practice. With this comprehensive guide from NPHub, you’re equipped with the knowledge and resources to make your Nurse Practitioner entrepreneurial dream a reality.

Let’s embark on this exciting journey together.

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Business Ideas for Nurse Practitioners’ Private Practice

Nurse practitioners can achieve growth through marketing strategies that expand your client base, a broader scope of products and services, and efficient processes that save money and time.

Shot of a young businesswoman holding a digital tablet in the city

If you’re a nurse practitioner in private practice, then you’re also running a business. This comes with plenty of pros, such as autonomy and the potential to earn more , but it also comes with a steep learning curve as you navigate how to scale your business.

Luckily, tools and strategies exist to specifically help nurse practitioners in private practice focus on revenue-building. As with any business, you can achieve growth through marketing strategies that expand your client base, a broader scope of products and services, and efficient processes that save money and time.

Actively solicit and respond to online reviews

A strong web presence with social proof is a must-have for a thriving small business, and nurse practitioners in private practice are no exception. Not only should your website be optimized to capture search traffic from people seeking your services, but it should also be able to receive and display reviews from your clients. Build a consistent practice of soliciting reviews from your patients, especially for positive experiences. The more authentic social proof across your website and social channels, the more attractive your business will look to potential new clients and the better your site will rank.

Expand your scope to provide holistic care

If you have the bandwidth and resources, consider expanding on your core service offerings. As you gain an understanding of your clients’ unique needs and challenges over time, it may become more clear which types of additional services you should offer. For example, you might offer a preventive care treatment plan or even a holistic health plan that solves your patients’ problem of fragmented care experiences. Note that you may need to invest in additional certification or education to expand your treatment offerings. Think like a business owner and do a cost benefit analysis to make sure there is enough demand to justify the time and cost of additional certifications and education.

Hire admin and support staff

When you’re bogged down in administrative tasks instead of seeing patients, you’re losing out on income. Ideally, you should focus on billable hours for your expertise to maximize the revenue of your business while an administrative team handles the billing process for you and your customers. This will pay dividends by ensuring your time is valuably occupied with clients. Today, many affordable digital tools are available that can automate processes like booking, answering phone calls, and answering FAQs on your website, but at some point in the growth of your business, you will need extra help of administrative staff for things like schedule management, office management and help with patient care.

Build a business plan to scale your business

Creating a solid business plan can help you set goals, stay on track, and give you peace of mind. Design a 3-to-5-year business plan that focuses on increasing revenue, cutting costs, and investing in areas that promote growth. Keep yourself accountable by checking your business’s performance against your business plan at least quarterly and make adjustments as needed to stay the course.

Focus on your financial areas of development

A strong and reliable support team that handles medical billing is important for any nurse practitioner in private practice. A team-oriented administrative staff that can look at the business from a financial angle and has their finger on the pulse of clients’ needs can help you determine areas of opportunity and efficiency to drive your investments.

Invest in social media marketing

In addition to a high quality, optimized website, social media is just as important to your business’s web presence. Utilizing social channels to share your knowledge as a nurse practitioner can demonstrate your subject matter expertise, build your brand, and connect you with new potential clients. Social media is also an important place for collecting and showcasing reviews and building relationships with your existing clients. High-quality video equipment and lighting, thoughtful branding and planned content calendars can set your business up for success on social media.

Offer telehealth services

To fill up uncommitted time and to accommodate patients who may have difficulty meeting you on site, consider working via telehealth services for consultations, follow-ups, counseling sessions or other types of appointments that don’t require an in-person meeting. A recent study showed that of those who received telehealth services last year, 76% of them would prefer to receive care virtually in the future. So, while not a replacement, virtual visits can continue to compliment other in-person services.

Consider consulting and health coaching

Especially if telehealth is an option for your practice, you can greatly expand your customer base by offering remote consulting and health coaching. Use this technology to fill-in a sparce schedule, meet with new types of clients, or even work with other businesses such as health and wellness brands or media companies as a consultant or resident expert.

In providing this information, neither Laurel Road or KeyBank nor its affiliates are acting as your agent or is offering any tax, financial, accounting, or legal advice.

Any third-party linked content is provided for informational purposes and should not be viewed as an endorsement by Laurel Road or KeyBank of any third-party product or service mentioned. Laurel Road’s Online Privacy Statement does not apply to third-party linked websites and you should consult the privacy disclosures of each site you visit for further information. Sources: https://mhealthintelligence.com/news/38-of-patients-have-received-virtual-care-in-2022

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How to Start Your Own Nurse Practitioner Private Practice

April 5, 2023

View all blog posts under Articles | View all blog posts under Doctor of Nursing Practice | View all blog posts under Master of Science in Nursing

A nurse practitioner consults with a patient in an office.

NPs are advanced practice nursing professionals who provide many of the same services as physicians, but often with a more holistic approach. With the Health Resources and Services Administration (HRSA) reporting in 2023 that 259 million Americans live in primary and mental health care workforce shortage areas, many states are exploring ways to allow NPs more autonomy to provide services once offered only by doctors.

Many states already permit practice autonomy for NPs, and others may follow — making it a great time for nursing professionals to consider pursuing a career as an NP and starting a private practice. However, what’s the path to starting a nurse practitioner private practice?

A Doctor of Nursing Practice (DNP) degree provides the highest level of nursing knowledge and leadership skills, which can be valuable preparation for starting an NP private practice.

What Is a Nurse Practitioner Private Practice?

In 2020, most NPs worked for others in locations such as hospitals and group practices, according to the American Association of Nurse Practitioners (AANP). But a growing number were choosing to work in private practice

Private practice, AANP indicates, was among the top 10 work settings for NPs in 2020.

Nurse practitioner private practices are independent businesses that NPs operate themselves to provide patient care. About 4% of NPs reported to AANP that they provided services in these settings.

Nurse Practitioner Services

Whether they’re working for other health care professionals or in their own practice, NPs offer services that blend the treatment of medical conditions with a focus on disease prevention and health education.

NPs are a type of advanced practice registered nurse who perform work that often is similar to that of a physician. NPs’ scope of responsibility varies by state, but the types of care that NPs typically offer include the following:

Managing patients’ overall health care
Diagnosing and treating acute conditions, such as infections and injuries, and chronic disorders, such as diabetes and high blood pressure
Prescribing medication, including controlled substances
Ordering, conducting, and interpreting medical tests and X-rays
Counseling patients about lifestyle choices that promote wellness

Nurse Practitioner Specializations

NPs provide primary, acute, and specialty care, but the overwhelming majority of these professionals hold a certification in some type of primary care. In 2022, AANP reports, 88% of NPs held a certification to provide primary care, offering long-term assistance for various health needs — from preventive procedures to disease management.

Each NP chooses a particular patient population or condition as a focus of care. Family nurse practitioner (FNP) is the most common area of specialization, according to AANP. In 2022, about 70% of NPs specialized in providing primary care for patients from infancy to older adulthood.

Among the other common areas of specialization for NPs are:

Adult-gerontology primary care: Offering primary care to patients from young adulthood to older adulthood
Adult-gerontology acute care: Offering short-term care for acute conditions to patients from young adulthood to older adulthood
Psychiatric mental health: Focusing on treatments that support patients’ mental health
Women’s health: Providing various medical services to women, including OB-GYN care
Pediatric: Caring for patients from infancy to young adulthood

Why Start a Nurse Practitioner Private Practice?

NPs who are considering starting a private practice might wonder what the advantages are. The reasons that NPs go into business for themselves range from following their own interests to meeting community needs. Often NPs who choose to start a private practice do so for the independence it can give them to choose their own hours and services.

Some of the primary benefits of opening a nurse practitioner private practice include the following:

Gaining Independence

Leading a private practice can give NPs more independence than they might have when working for others. For example, they can set their own:

Work schedule
Operating procedures

Closing Health Care Gaps

The Association of American Medical Colleges (AAMC) projected in 2021 that there could be a shortage of as many as 124,000 primary and specialty care physicians by 2034. To compensate for this deficit and meet the growing demand for health care, the organization suggested expanding the role of other advanced health care professionals, including NPs.

NPs with their own practice can match their specialties and areas of expertise to a community’s medical needs. HRSA, for example, noted that the U.S. had a shortage of more than 17,000 primary care practitioners as of February 2023. The nation also needs roughly 8,000 more mental health practitioners to accommodate the needs of those living in shortage areas. These care gaps are especially prevalent in rural areas.

Increasing Income Potential

Operating their own practice gives NPs greater authority to establish their own rates, thus dictating the earnings they will receive. Unlike most clinics and hospitals, private practices can establish their salaries without regard to the pay scale.

Developing Business Skills

NP practices are businesses, so operating them effectively requires business savvy. Starting a private practice gives NPs the opportunity to go beyond their nursing expertise and strengthen the skills they’ll need to address concerns ranging from finances to marketing.

How to Start a Nurse Practitioner Private Practice: 13 Steps

NPs who decide to start a private practice need to take some key actions to set the business up for success. Here are 13 steps outlining how to become a nurse practitioner and how to start a nurse practitioner private practice.

1. Become a Registered Nurse

NPs typically earn a Bachelor of Science in Nursing (BSN) degree as part of their preparation, though some schools offer bridge programs that allow aspiring NPs to advance their education with an associate’s or other undergraduate degrees. Then, to earn a state-required registered nurse (RN) license, graduates must pass the National Council Licensure Examination (NCLEX).

2. Pursue Graduate Education

NPs must hold a graduate degree in nursing. The Master of Science in Nursing (MSN), which builds on the knowledge gained through a BSN program, is the typical minimum requirement for becoming an NP.

A DNP degree, however, builds on master’s-level content to provide the highest level of preparation for nursing leadership responsibilities, such as starting a private practice. Additionally, AACN and other nursing groups have advocated for making doctoral-level education a requirement for all NPs.

3. Obtain NP Licensing and Certification

NPs must obtain national certification in their area of specialization; this requires passing a board exam. Although requirements vary, states generally offer NP certification to those meeting criteria that include holding national certification.

4. Determine State Practice Authority

Each state has its own specifications for the type of work that NPs may perform and the level of autonomy they’re afforded. The level of authority that a state grants NPs to practice independently can affect NPs’ plans for starting a practice there.

NPs who are looking to start a practice should carefully review the types of services that their state’s practice authority allows them to perform and whether they may do so independently. Then they should consider whether the scope of that authority makes it practical for them to start a private practice in that state.

Practice Authority Types

As of 2022, 29 states and territories had granted NPs full practice authority, according to AANP. Following are the various levels of practice authority that states may grant NPs:

Full practice. This designation allows NPs to perform all the typical tasks associated with the role, including ordering and interpreting tests and prescribing medication, without supervision.
Reduced practice. NPs in states with reduced practice authority are restricted from performing at least one of the tasks that NPs perform, and the designation sets limits for practice autonomy.
Restricted practice. This scope of practice restricts at least one service and requires supervision by another health care provider.

5. Outline a Business Plan

NPs who want to start a private practice should gather and outline their ideas about how the business will operate. This outline, which will inform the practice’s business plan, can include everything from the name of the practice to the types of patients the practice will treat.

6. Consider Locations

Another crucial step in starting a nurse practitioner private practice is determining the logistics for the business, including identifying a location. Below are some issues to keep in mind when deciding where to establish a private practice.

Area Demographics

NPs should consider the regional demand for the services the practice will offer. HRSA indicated, for example, that the U.S. had 3,450 medically underserved areas as of February 2023. California had the highest number of these areas, with 214.

State and city rates for corporate, income, sales, and property taxes will affect the practice’s cash flow projections. The Tax Foundation provides an index of what it describes as business-friendly states, with Wyoming topping the list for 2023.

Nurse Practitioner Salaries

NPs should also explore typical salaries for the profession in the area they’re considering. The median annual salary for NPs nationwide was $120,680 as of May 2021, according to the U.S. Bureau of Labor Statistics (BLS). California was the highest-paying state, with a median annual salary of $151,830.

7. Choose a Legal Structure

The legal structure of a business guides its operations and tax requirements. Structures to consider include the following:

Partnership. The partnership structure is for businesses with multiple owners, with one partner assuming the greatest amount of responsibility and paying self-employment taxes. Limited liability partnerships (LLPs) absolve owners from responsibility for other owners’ actions.
Limited Liability Company. The LLC structure exempts the owner from paying corporate tax and from liability in the case of business bankruptcy, but it does require self-employment tax.
Corporation. Establishing a corporation separates business owners from personal liability, but it requires corporate income tax (except in the case of S corporations).

8. Secure Required Permits

NPs starting a practice must obtain any necessary permits and licenses the nation, state, and community require. One requirement, for example, is securing a federal tax ID number from the IRS. Additionally, states that call for income and employment taxes for the business require separate tax ID numbers.

9. Obtain a DEA Number

NPs who plan to administer, prescribe, or dispense a controlled substance as part of their practice must register with the Drug Enforcement Administration (DEA). The U.S. Department of Justice issues the registration number.

10. Obtain a National Provider Identifier

The National Provider Identifier is a unique identifier for health care practices that submit claims for insurance plans, such as Medicare. The identifier also simplifies the process of accessing health records.

11. Purchase Malpractice Insurance

Securing malpractice insurance to protect against the possibility of this type of lawsuit is important. Regardless of whether the practice ever faces accusations of negligence or error, guarding against the high cost of defending the practice against such charges can provide peace of mind.

12. Order Supplies

Starting a nurse practitioner private practice also requires the purchase of equipment and supplies. NPs should carefully consider the following factors when buying these items:

Ease of use and reuse

13. Market the Practice

Marketing a nurse practitioner private practice is critical in attracting not only new patients but also qualified staff. A few options for getting out the word about the business are:

Establishing a website for the practice that incorporates terms potential patients will include in online searches
Purchasing online ads that appear when potential patients browse the internet
Posting information about the practice on social media
Touting positive online reviews of the practice’s services
Sending emails announcing the new practice

How to Create a Nurse Practitioner Private Practice Business Plan

For NPs starting a private practice, creating a formal document that expands on their outlined plans for the business can help to solidify ideas and goals. The business plan serves as a road map for the practice’s structure, operations, and plans for growth. It can also help NPs show potential partners and investors that working with the business is a wise choice.

Components of a Nurse Practitioner Private Practice Business Plan

A traditional business plan is the most common type of business plan, according to the U.S. Small Business Administration (SBA). This type of plan is quite detailed and comprehensive, providing the in-depth information that investors and lenders are likely to seek. Each part of the private practice business plan should help show how the practice will differentiate itself from other providers to offer the highest-quality care.

The components of a nurse practitioner private practice business plan can include the following:

Executive Summary

An executive summary is a high-level overview at the beginning of the business plan. In this section, NPs should clearly specify the value they’ll bring to patients and the community.

Market Analysis

In the market analysis section, NPs should identify the practice’s potential strengths, weaknesses, opportunities, and threats; this is known as a SWOT analysis. They should note the patient populations they plan to target and the types of services that other providers are offering to serve these groups. The goal is to show why the market that the NP has selected for the practice provides it with a good opportunity for success.

Practice Overview

An overview of the practice should provide details about the business, such as:

Background about the practice and the nurse practitioner who will run it
General information about the services the business will offer
Details about the location of the practice
Timing for the practice’s opening

Services Offered

The business plan should also include a section that provides greater detail about the services the practice will offer. In describing each service, the business plan should include information about the fee the practice will charge for it as well as the anticipated profit it will generate.

Organization and Leadership

The business plan should explain the selected legal and management structures of the business. The organization and leadership section also serves as an opportunity to provide more information about the NP who will own the practice and to share resumes from any potential employees.

Marketing Strategy

In the marketing strategy section, NPs should outline plans for how they’ll market the practice, including the allotted budget. This section should also note how the business will measure the success of its marketing efforts.

Financial Projections

The business plan should include projections about financing for the first five years, focusing the greatest detail on the coming 12 months. The projections should note figures such as:

Capital expenditures

Funding Requirements

To help secure financial support for establishing the practice, the funding requirements section should indicate whether the NP is seeking a loan or an investment. Financial information should also include details such as:

Amount of money the business is requesting
Length of time the financing will cover
Equipment, bills, and processes the funding will support

Tips for Operating a Nurse Practitioner Private Practice

Starting a nurse practitioner private practice can offer many rewards, but establishing a new business isn’t always a smooth process. NPs can avoid a host of pitfalls, from struggling with startup costs to navigating complex laws and regulations, by following the tips below.

Starting a business entails many steps that take time to organize and follow. NPs starting a private practice should map out the necessary actions and resist skipping important steps or rushing the process.

Conduct Research

Those starting a practice should learn about the rules and regulations that will dictate how they’ll operate the business — or if it even makes sense for them to do so. Thorough research on issues like the scope of practice for NPs or tax laws in a given state is crucial.

Enlist Help

Hiring professionals for work that requires specialized knowledge can smooth the process of starting a practice. For example, enlisting the help of a top-quality insurance coder can make the process of seeking reimbursements more straightforward. Partnering with financial and legal professionals can help NPs stay abreast of budget concerns and protect the business against lawsuits.

Continue Learning

NPs typically need to complete continuing education to maintain their certification. However, it makes sense for those with their own practice to also stay abreast of the latest trends in nursing leadership and business.

Advance Your Career While Meeting Community Needs

Starting a nurse practitioner private practice can lead to a host of benefits for you as well as the patients your practice will serve. Developing nursing and leadership expertise is an important part of taking that step. If you’re ready to take your knowledge and skills to the next level, explore the Regis College online MSN to Doctor of Nursing Practice program.

You can choose from six nurse practitioner specialties, or you can focus on nurse leadership or nurse education. The online program also provides flexibility, so you can complete your degree without interfering with commitments at work and home.

Discover how the Regis online MSN to DNP program can help you advance your career and serve your community.

Let’s move forward

Wherever you are in your career and wherever you want to be, look to Regis for a direct path, no matter your education level. Fill out the form to learn more about our program options or get started on your application today.

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Nurse Practitioner Private Practice Business Plan

Dec.03, 2023

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Table of Content

Nurse practitioners (NPs) are registered nurses with advanced clinical training and education who can provide various healthcare services to patients. NPs can diagnose and treat illnesses, prescribe medications, order and interpret tests, and perform procedures. Refer to our medical device business plan to learn more.

NPs can also open their private practices, either independently or in collaboration with other healthcare providers, with the help of a Nurse Practitioner Private Practice Business Plan . This can be a rewarding and lucrative career option for NPs wanting more autonomy, flexibility, and control over their practice.

Pros and Cons of Nurse Practitioner Clinic

Opening a nurse practitioner clinic has many advantages, such as:

Able to provide high-quality, patient-centered, and holistic care to a specific population or niche market.
Opportunity to create a unique practice model that reflects the NP’s values, vision, and goals.
Potential to earn more income and enjoy more financial freedom.
Flexibility to set the practice’s hours, fees, policies, and procedures.
Satisfaction of being an entrepreneur and a leader in the healthcare industry.

However, there are also some challenges and risks involved, such as:

Comply with various legal, regulatory, and ethical requirements.
Deal with the business’s administrative, financial, and operational aspects.
Cope with the uncertainty, stress, and competition of the market.
Invest significant time, money, and energy to start and sustain the practice.
Balance business owners’ and healthcare providers’ professional and personal responsibilities and demands.

Nurse Practitioner Services

NPs can offer services in their private practice depending on their specialty, scope of practice, and state regulations. Some of the common specialties and services that NPs can provide are:

Primary care services
Acute care services
Chronic care services
Women’s health services
Men’s health services
Pediatric care services
Geriatric care services
Mental health services
Specialty care services

Barriers to Entry for Nurse Practitioner Private Practice

To open a nurse practitioner clinic, you may face these challenges:

1. Legal and regulatory barriers – You must follow the state and federal laws and regulations for NPs. These include:

Scope of practice
Prescriptive authority
Collaboration agreements
Malpractice insurance
Licensing requirements

2. Financial barriers – You need enough money and funding to start and run your clinic. You need to pay for:

Rent or purchase of a space
Equipment and supplies

3. Market barriers – You need to understand the market demand and supply of your services. You need to prepare:

Market analysis
Hospital feasibility study
SWOT analysis
Marketing plan
Branding strategy

4. Operational barriers – You need to manage the business aspects of your clinic. You need to make:

A business plan
Policies and procedures

Sample Business Plan For Nurse Practitioner Clinic

To start a nurse practitioner clinic, NPs must have a business plan. This document describes the goals, strategies, and details of their clinic. Nurse practitioners’ business plans can help organize their ideas, plan their actions, secure funding, and measure performance.

Here is a sample business plan for a nurse practitioner clinic based on a fictional example:

Executive Summary

Business name – Healthy Hearts Clinic

Business location – 123 Main Street, Springfield, IL 62701

Business owner – Logan Paul, NP-C, MSN, RN

Business description – Healthy Hearts Clinic is a nurse practitioner-owned and operated clinic that provides cardiology services to patients with heart diseases and conditions. The clinic offers diagnosis, treatment, management, and education for patients with hypertension, arrhythmia, angina, heart failure, and other cardiac issues.

Mission statement – Healthy Hearts Clinic’s mission is to provide high-quality and compassionate cardiology care to patients in Springfield and surrounding areas and to improve their health and quality of life.

Vision statement – Healthy Hearts Clinic’s vision is to be the leading provider of cardiology services in the region and to be recognized for its excellence, innovation, and patient satisfaction.

Goals and objectives – Healthy Hearts Clinic’s goals and objectives are to:

Serve at least 5000 patients in the first year of operation.
Achieve a patient satisfaction rate of at least 90%.
Generate a revenue of at least $500,000 in the first year of operation.
Break even in the first year of operation.

Company Overview

Legal structure – Healthy Hearts Clinic is a sole proprietorship owned and operated by Logan Paul. Logan is a board-certified nurse practitioner in cardiology with over ten years of experience in the field.

Services – Healthy Hearts Clinic provides the following cardiology services to patients:

Physical exams and consultations
Electrocardiograms (EKGs) and echocardiograms
Holter monitors and event recorders
Stress tests and nuclear imaging
Blood pressure and cholesterol management
Medication therapy and anticoagulation management
Pacemaker and defibrillator implantation and follow-up
Cardiac rehabilitation and education

Target market – Healthy Hearts Clinic’s target market is adults aged 18 and above who have or are at risk of developing heart diseases and conditions. The clinic focuses on serving patients in Springfield and surrounding areas.

Marketing Plan

Market analysis – The market analysis for Healthy Hearts Clinic is based on the following data and sources:

Cardiovascular disease (CVD) remains the leading cause of death in the United States, accounting for 928,741 deaths in the year 2020. (Source – American Health Association )
Every year, about 805,000 people in the United States have a heart attack. (Source – American Heart Association Report )
Heart disease costs the United States about $239.9 billion each year. (Source – National Center for Health Statistics )

Marketing strategy – The marketing strategy for Healthy Hearts Clinic is based on the following elements:

Product – The product is the cardiology services Healthy Hearts Clinic provides to its patients, including diagnosis, treatment, management, and education for various heart diseases and conditions.
Price – The price is the amount Healthy Hearts Clinic charges for its services based on the market rate, the value proposition, and the cost structure. The price is competitive with other cardiology providers.
Place – The place is the location and distribution of Healthy Hearts Clinic, which is 123 Main Street, Springfield, IL 62701. The place is central and accessible, close to major highways, public transportation, and other amenities.
Social media
Flyers and brochures
Events and sponsorships

Operations Plan

Facility – The facility of Healthy Hearts Clinic is a 1,500-square-foot space located at 123 Main Street, Springfield, IL 62701. The facility has the following features and equipment:

1 Reception area
3 Exam rooms
5 Procedure rooms
2 Storage room

Staff – The staff of Healthy Hearts Clinic consists of the following members:

Owner and operator – Logan Paul
Receptionist – Mary Charles
Medical assistant – John Rower
Accountant – Robert Merry

Suppliers – The suppliers of Healthy Hearts Clinic are the following entities:

Medical equipment and supplies – Medline Industries, Inc.
Medications – Cardinal Health, Inc.
Legal services – Smith & Jones, LLP
Insurance – State Farm Insurance

Financial Plan

Startup costs – The startup costs of Healthy Hearts Clinic are the following items and amounts:

Facility – Rent, utilities, security, and maintenance of the clinic’s space.
Equipment – Purchase, install, and maintain the clinic’s equipment.
Supplies – Purchase and inventory of the clinic’s supplies.
Staff – Salaries, benefits, and taxes of the clinic’s staff.
Marketing – Creation, distribution, and promotion of the clinic’s marketing materials.
Legal – Fees and expenses of the clinic’s legal services.
Insurance – Premiums and deductibles of the clinic’s insurance.
Contingency – Reserve and the buffer of the clinic’s startup costs.

Revenue Projection

The revenue projection of Healthy Hearts Clinic is shown in the table below:

Expense Projection

The expense projection of Healthy Hearts Clinic is shown in the table below:

Profit and Loss Statement

The profit and loss statement of Healthy Hearts Clinic is based on the following formula and calculations:

Profit (or loss) = Revenue – Expenses
Profit margin = Profit (or loss) / Revenue

The profit and loss statement of Healthy Hearts Clinic is shown in the table below:

What to Do with Your Nurse Business Plan?

An NP business plan is valuable for planning, launching, and growing a nurse practitioner clinic. Still, it is not a static document that should be forgotten once it is done. A Medical Billing Business Plan should be reviewed, revised, and updated regularly, to reflect the changes and challenges in the market, the industry, and the clinic.

A business plan for the NP should also be used for the following purposes:

To secure funding – A nurse business plan can help secure the necessary capital and financing for the clinic from potential investors, lenders, or partners and showcase the clinic’s viability, profitability, and sustainability.
To guide operations – A nurse business plan serves as a guide for the clinic’s daily operations, helping to set and achieve goals, allocate and manage resources, assign and monitor tasks, evaluate and improve results, and identify and solve problems.
To measure success – A nurse business plan allows measuring and tracking the clinic’s success and progress by comparing the actual and projected financials and analyzing the strengths and weaknesses.

How Can OGSCapital Help You with Your Nurse Practitioner Private Practice Business Plan?

If you are confused about how to start a nurse practitioner private practice, our experts at OGSCapital can help. We have over 16 years of experience developing customized, high-quality business plans for various purposes and industries. Our team of experienced and qualified business plan experts can help you with your business plan needs, such as market research, financial analysis, strategy formulation, and presentation design. We also offer multiple revisions, fast turnaround, competitive pricing, and a quality guarantee.

Contact us to learn more about our services, portfolio, and testimonials, and schedule a free consultation with us. You can also refer to our Hospital Business Plan here.

Download Nurse Practitioner Private Practice in pdf

Frequently Asked Questions

How do i market myself as a nurse practitioner.

To market yourself as a nurse practitioner, you must identify your target audience, unique value proposition, and messaging. Using various strategies and channels to promote your services, such as a website, social media, referrals, and networking, would be best. A Medical Business Plan usually includes such information.

What is the full practice authority for nurse practitioners?

Full practice authority (FPA) is the authorization of nurse practitioners (NPs) to evaluate patients, diagnose, order, and interpret diagnostic tests, and initiate and manage treatments — including prescribing medications — under the exclusive licensure authority of the state Board of Nursing.

Can NPs open their own practice in NY?

Yes, NPs can open their own practice in NY, but must meet certain requirements. NPs must have at least 3,600 hours of experience, practice by written protocols and a written practice agreement with a collaborating physician, and undergo peer review by the collaborating physician.

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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Nurse Practitioner Clinic Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Medical and Healthcare » Hospital & Clinic

Are you about starting a nurse practitioner clinic? If YES, here’s a complete sample nurse practitioner clinic business plan template & feasibility report you can use for FREE to get started .

Okay, so we have considered all the requirements for starting a nurse practitioner clinic. We have analyzed and drafted a sample nurse practitioner clinic marketing plan backed up by actionable guerrilla marketing ideas for nurse practitioner clinics. So let’s proceed to the business planning section.

Nurse practitioners, also known as advanced practice nurses are registered nurses with advanced clinical training. They provide generalist care including routine physical assessment, treatment of uncomplicated episodic illness, continuing care for persons with stable chronic conditions, and acute care in hospital settings.

In many states in the US, they can act as a primary care provider, managing patients from birth through the aging process (depending on their specialty). One exciting prospect of becoming a nurse practitioner is the idea of opening his/her own practice. Nurse practitioners enjoy autonomy and owning their own practice further enhances their independence.

This is an interesting and lucrative business idea for anyone with the passion for healthcare. They are a lot of things you must consider before deciding to start up your own clinic and one of those things is the legal aspects of physician supervision.

Every state in the united states regulates the practice of nursing, and the rules differ from one state to another.Some states in the United States may require an NP to have a supervising physician to diagnose and treat, to prescribe or both, while some other states allow completely independent practice.

An NP who works in a state where supervision is required will need to set up a consultation contract with a physician to ensure that the business is legal. But as an NP in a state that allows private practice without physician supervision, you could open a private practice in paediatrics, family medicine, adult medicine or women’s healthcare.

There’re also NPs who are interested in less traditional aspects of nursing practice such as holistic care, or want to combine another aspect such as massage therapy into their nursing practice. NPs can also provide direct services to patients in locations other than a hospital, clinic or medical office

A Sample Nurse Practitioners Business Plan Template

1. industry overview.

Generally, nurses work to promote health, prevent disease, and help patients cope with illness. They are advocates and health educators for patients, families, and communities.

When offering direct patient care, they watch, assess, and record symptoms, reactions, and progress in patients; assist physicians during surgeries, treatments, and examinations; administer medications; and assist in convalescence and rehabilitation.

Nurses also develop and manage nursing care plans, advice patients and their families in proper care, and help individuals and groups take steps to improve or maintain their health.

Nurse practitioners (NPs), together with physician assistants (PAs), became necessary in the United States in the 1960s in response to shortages and uneven distribution of physicians. They play important roles in many healthcare fields and especially in primary care.

According to reports, there were approximately 106,000 practicing nurse practitioners and 70,000 practicing physician assistants in 2010.

This estimate represents approximately 10,000 fewer practicing physician assistants than projected by the American Academy of Physician Assistants (AAPA) and approximately 10,000 more nurse practitioners than report having NP in their title in a 2008 national survey.

Robert Graham Centre in recent years used the NPI dataset to examine the practice partners of each nurse practitioner and physician assistant.

By making use of a novel imputation method that assigned field of practice (primary care or a subspecialty care) to each NP and PA based on the specialty of the professionals they work with, they were able to estimate that less than half of physician assistants (approximately 30,000) and slightly more than half of nurse practitioners (approximately 56,000) are practicing primary care in 2010.

2. Executive Summary

Master Touch Family Clinic offers a unique combination of Family medical clinic services and community-based social services to Fort Lauderdale. The type of service we plan to provide is almost non-existent from the private sector in our business location.

Although there are government agencies on the city that provide the same services that we will be providing. But the long delays, lack of personal attention, and quality of service provided by these agencies leave the market wide open for private involvement.

We at Master Touch Family Clinic plan to leverage many strategies to differentiate ourselves from the existing market. One of the major differences we plan to bring to the industry will be the sincere concern for our client’s well being on every level.

Benchmarking customer service is our key approach to corner the market of the industry that is in desperate need of our services. Master Touch Family Clinic will be created as a Florida Limited Liability Company based in Fort Lauderdale, owned by its principal investors and principal operators.

Our initial office will be established in a quality office space in Downtown Fort Lauderdale, which is the heart of Fort Lauderdale. Our family medicine clinic will be supervised by Dr Bernard Will from the prestigious Boward General hospital.

Our clients at Master Touch Family Clinic will be families in Fort Lauderdale in need of healthcare and/or social services. These patients are usually referred by other healthcare professionals such as physicians, attorneys, insurance companies and healthcare facilities.

Master Touch Family Clinic can boost of having an excellent reputation with many of these professionals, through the work of our Clinical Director, who is a known figure in the industry, and through the presentations we have made to the community via marketing tools and personal interactions.

Master Touch Family Clinic will be licensed by the State of Florida and our services reimbursed by Medicare, Medicaid and other private insurance carriers.

We have already initiated the process for licensure and insurance certification and we are well on our way to meeting the regulations and guidelines for providing family medicine and social services to patients in Fort Lauderdale, Florida.

Our marketing strategy at Master Touch Family Clinic involves a combination of print media advertising, website development, networking, and promotional events, all aimed at residents living within 35 miles of the clinic. All pricing will be set according to Medicare, Medicaid and other insurance regulation so pricing is not a major factor of consideration.

Sales estimates project healthy revenues in the first year and modest increases through year three. We at Master Touch Family Clinic plan on taking on debt in the form of a five-year loan, and have no plans for additional debt as growth will be financed mainly through cash flow.

Our plan includes assumptions of 100% sales on credit, and sufficient cash on-hand at start-up to prevent any problems with cash flow.

3. Our Products and Services

Master Touch Family Clinic will provide general care for all ages, as well as providing multiple procedures to create a complete healthcare solution.

We will provide procedures including but not limited to mole removals, biopsies, trigger point injections, and much more. We will also incorporate multiple modalities, such as cryotherapy, hyfrecator, shaving, and excisional removal of lesions.

The costs will depend upon the materials used, the physician’s time and the amount designated for each procedure. Our goal is to ensure that optimal health and performance can be attained through the proper balance of exercise, nutrition, and education.

We at Master Touch Family Clinic will educate our patients as well as treat them by providing group classes and teaching sessions for our patients. Subjects could include nutrition, diabetes and hypertension care, and much more.

Our customer approach to service will be buttressed by our willingness to give our clients the full package. From diagnosis procedure to the point where each patient will be offered education in rehabilitation, nutrition and exercise as it relates to each particular case.

We at Master Touch Family Clinic plan to create the best experience for each patient in order to optimize their health. The services we plan to render to the tourists and families in Fort Lauderdale include:

Gynaecology

Annual Well Women Exam
Family Planning
Acute Gyn Problems

Paediatrics

New born Care
Infant Care
Annual Physicals
Routine Services
Possible Immunizations
Dermatology
Removal of minor lesions, skin tags, moles and warts
Biopsies of suspicious dermatological lesions and/or referral
Allergy Testing and shots
Immunizations

Minor Surgery

Laceration Repair
Lesion Removals
Hyfrecation for Lesions and Blemishes

Adult Medicine

Preventive and Routine Services
Diabetic Teaching
Nutritional/ Dietician Services
Exercise and Obesity Counselling
Possible Stress Testing (Future Service)

4. Our Mission and Vision Statement

Our mission at Master Touch Family Clinic is to promote the health and well-being of the population of Fort Lauderdale and the State of Florida by providing accessible, high-quality medical care for people of all ages.
Our vision is to become the recognized leader in the Whole United States for general medical services that are allowed to be rendered by nurse practitioners.

Our Business Structure

We at Master Touch Family Clinic plan to start with six health workers: a nutritionist, three medical assistants and two nurse practitioners. We will also employ the services of other business personnel to help achieve our business goals.

All our health employees will be paid hourly wages and have health and dental benefits. But as the business grows and profits start rolling in, we will employ additional personnel to help with referrals and additional responsibilities that will be needed at that time.

Also during our first year, our supervisory physician will work part-time at the clinic, but will be paid directly by Boward General Hospital. Starting in the second year, the physician will draw his salary directly from Master Touch Family Clinic.

We also plan to establish a policy and procedures manual that will act as a guide and reference to sick pay, leave, vacation, hourly wages, payment, etc. The philosophies and guidelines in this manual will help maintain proper clinical structure. We hope to fulfill all our goals and visions, which is why we have chosen designated portfolios to employ right from the beginning. They are;

Clinical Director (Owner)

Nurse practitioners

Medical assistants

Admin and Personnel Manager

Nutritionist

Accountants / Cashiers

Security Officers

5. Job Roles and Responsibilities

Clinical Director

Oversees all other employees within the clinic.
Align with the board of directors and other health workers to determine if the clinic is in accordance with goals and policies.
Charged with encouraging business investment.
He also promotes economic development within communities.
In charge of directing the clinic’s financial goals, objectives, and budgets.
Implements the clinic’s guidelines on a day-to-day basis.
In charge of Hiring, training, and terminating employees.
In charge of developing and implementing strategies and set the overall direction of a certain area of the clinic
Collaborate with the board of directors to develop the policies and direction of the clinic.
He makes sure that the members of the Board of Directors have the information necessary to perform their fiduciary duties and other governance responsibilities.
Direct staff, including clinical structure, professional development, motivation, performance evaluation, discipline, compensation, personnel policies, and procedures.
Diagnose, treat, and manage acute and chronic illnesses.
In charge of health promotion, disease prevention, and health education and counselling.
In charge of conducting, supervising, and interpreting diagnostic and laboratory tests.
Helps patients make better lifestyle and health choices.
Serve as researchers and patient advocates for the clinic

Medical Assistants

Getting treatment and examination rooms ready for patients
Getting patients ready for examinations, treatments and procedures
Assisting with examinations and routine procedures, including minor surgery
In charge of taking blood samples and specimens, dressing wounds and recording vital signs
Sterilization of equipment
Administering medications
In charge of overseeing the running of HR and administrative tasks for Master Touch Family Clinic
Monitor clinic supplies by checking stocks; placing and expediting orders
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Organise induction for new team members
In charge of training, evaluation and assessment of employees
In charge of arranging travel, meetings and appointments
Oversee the smooth running of the daily office activities.
In charge of evaluating a client’s nutritional needs
In charge of providing nutritional counselling and advice to clients
Tasked with creating a clinical nutrition treatment plan for a client
Researching the effects of nutrition on health and fitness
Consulting with a team of healthcare practitioners on nutritional management for a client

Accountants/Cashiers

In charge of preparing financial reports, budgets, and financial statements for Master Touch Family Clinic
Provide management with financial analyses, development budgets, and accounting reports
In charge of financial forecasting and risks analysis.
Understand cash management, general ledger accounting, and financial reporting
In charge of developing and managing financial systems and policies
In charge of administering payrolls
Ensuring compliance with taxation legislation
Take care of all financial transactions for Master Touch Family Clinic
Serves as internal auditor for the clinic
In charge of cleaning the clinic at all times
Make sure the toiletries and supplies don’t run out of stock
Handles any other duty as assigned by the director.
In charge of protecting the clinic and it’s environs
Controls traffic and organize parking
Give security tips when necessary
Patrols around the building on a 24 hours basis
Presents security reports weekly

6. SWOT Analysis

We at Master Touch Family Clinic plan to create a medical practice that will exceed patients’ expectations. Our Mission is to provide high-quality healthcare to residents of Fort Lauderdale and to create a medical practice that helps serve the community’s needs.

We understand the importance of these services, that is why we went through the process of conducting a detailed SWOT analysis. This SWOT analysis was able to explain our key strengths and possible pitfalls in the industry. We have also taken time, with help from notable experts, to make sure we utilise our strengths and work our weaknesses. Below is the summary of the SWOT Analysis.

Our strength at Master Touch Family Clinic is fact that we have plenty of health services to render to the people of Fort Lauderdale. We have put plans in place to introduce our clinic to tourists as soon as they land in Fort Lauderdale. Also the experience and expertise of our founding teams makes our clinic attractive. The connections we have set already also make us concrete and strong.

Our detailed SWOT analysis also noted that our location might serve as a weakness to us. It went further to acknowledge that downtown Fort Lauderdale is the business hub of the city and will be filled with businesses trying to offer most of the services we offer. We also have to fight it out with Tenet Healthcare in Fort Lauderdale, but we have put plans in place to outshine and attract more clients.

Opportunities

The increases in death rate and the prevalence of high priority diseases have taught the citizens of America the need to regularly take care of their health and always seek medical care.

Also patients always want to save time and get a more personalised care, which are rarely afforded in government owned clinics or bigger healthcare institutions. All these are opportunities which our SWOT Analysis noted are available to us.

Our SWOT Analysis also explained that the major threat we will be facing is the fact that we are going to be competing against already existing business in Fort Lauderdale. These businesses include Government and private owned healthcare facilities.

It is believed that these businesses will come after us with all they have got. This won’t be easy for a new entrant in the industry, but the services we offer are unique and new in this area and we plan to make use of that advantage.

7. MARKET ANALYSIS

Market Trend

As a clinic that wants to provide a healthcare practice that is able to survive off its own cash flow in 10 months or less, we understand the need to keep up with industry trends. We at Master Touch Family Clinic plan to increase the number of patients by 20% per year through superior performance and word-of-mouth referrals.

We want to be and remain an industry leader in family medicine and we hope to do so by staying current. Below are the few trends that are currently riding the industry.

Demand for family care is increasing

Reports have it that the biggest demand lies in family care physicians, and along with that, the need for additional nurses on staff.

For nurse practitioners new to the profession, or veteran NPs that are looking for a change of pace, family care is one of the best career choices to explore – along with the oncology field – as professionals in these two areas are currently in high demand.

Statistics has it that family care is a branch of medicine that will continue to be in demand despite already having more than half of the NP workforce dedicated to its practice.

Increased demand for nursing staff in outpatient centres

A lot of patients need continued treatment after a hospital stay, causing an increase in demand for outpatient services. Report has it that over 25% of nurse practitioners worked in an office, 20% worked in an independent clinic, and 15% worked in a hospital clinic.

The study found that only 14% worked in an actual hospital. In addition to these statistics, most of the nurses surveyed worked at several locations under temporary contracts, a common practice as hospitals need the additional staff.

Growing demand for NPs in rural and underserved communities

With an estimated shortage of about 20,000 physicians, this national issue is especially affecting rural and underserved areas. Since the chance of accident or injury increases in rural communities where licensed physicians aren’t practicing, this has become an even bigger concern.

Nurses are developing interdisciplinary skills

Just as illnesses evolve and become more complex, an experienced and interdisciplinary skilled nurse practitioner becomes even more valuable. Interdisciplinary skills are quickly becoming a must-have in the nursing industry, and as a result, NPs are learning many valuable skills from areas such as the dental field to social discipline.

Education is changing due to changes in demographics

Note that diversity within the U.S. population—and increased life-expectancy—is changing what and how NPs are learning. As the international and aging communities in the U.S. increase in number and live longer, nurses must learn and adopt treatments to meet the needs of these communities.

Advances in nursing and science research are increasing

Naturally, the nursing field needs all the discipline to research, study, and keep up with current research. The best way to do that is by subscribing to a few medical journals. Plenty of advances in nursing research are being developed currently.

In short, an increase in nursing research scholarships has encouraged NPs to study more effective ways to improve patient care.

8. Our Target Market

Our business location in downtown Fort Lauderdale boasts of many new hotels and high-rise condominium developments. Fort Lauderdale downtown area is the largest in Broward County and is a major manufacturing and maintenance centre for yachts.

Due to the Fort Lauderdale many canals, and closeness to the Bahamas and Caribbean, it is also a popular yachting vacation stop, and home port for 42,000 boats, and approximately 100 marinas and boatyards.

Additionally, the annual Fort Lauderdale International Boat Show, the world’s largest boat show, brings over 125,000 people to the city each year. Fort Lauderdale was recently listed as 2017’s third best city out of 150 U.S. cities by WalletHub for summer jobs, and the 24th best city to start a career in.

All these and many more made this city the perfect location for Master Touch Family Clinic. Master Touch Family Clinic will focus all its energy at the entire population (within 35 miles). Below are the reasons why we believe Downtown Fort Lauderdale is the best location for us.

The people of Fort Lauderdale rarely have the patience, and often cannot wait more than 30 minutes to see a doctor. They would rather “wait it out” on all but urgent matters.
Fort Lauderdale is always booming with tourists coming in to enjoy the city’s diverse resources or passing through to other big cities around.
Master Touch Family Clinic is a general family practice, and will treat patients of all ages, incomes, physical abilities, races, and ethnicities. As a family clinic, there is no need to create marketing materials targeted at only one or two of these groups, but we can appeal to all with a similar message.

Our competitive advantage

We can comfortably say that Competition among fellow family practitioners in Fort Lauderdale is small. The growing population base and the limited number of doctors create a great potential for meeting our patient load goals. Most patients when choosing a family health expert go for someone knowledgeable and skilled who will listen carefully to their health concerns.

These same people are more likely to return to a health expert whose location and hours are convenient and accessible, who have short waiting times for getting appointments, whose staff is friendly and helpful, and who work effectively with their insurance provider.

These are the services we plan to render in our business location. We will stop at nothing until we achieve our business goals and visions. Also our well conducted and experienced workforce is another advantage we have in Fort Lauderdale. We have put plans to educate and always remind our employees of the need to remain friendly and calm with any patient.

9. SALES AND MARKETING STRATEGY

Sources of Income

Our primary source of revenue at Master Touch Family Clinic will be the medical services provided by our well conducted workforce. Master Touch Family Clinic will offer many of the services that are common within this specialty including treatment of medial issues including high blood pressure, cholesterol, and mild medical conditions.

This part of the business will also provide work physicals, and provide cancer screenings, heart disease screenings, and other tests normally associated with the practice of a nurse practitioner. Below are the services we plan to render and make substantial profits at Master Touch Family Clinic:

Gynaecology related services
Paediatrics related services
Minor Surgeries
Adult Medicine related services

10. Sales Forecast

We at Master Touch Family are very ready to achieve our mission as a clinic. We have put together a sales forecast for our clinic. All pricing will be set according to Medicare, Medicaid and other insurance regulation so pricing is not a major factor of consideration. The projection below is a very conservative sales forecast for our business for the next three years.

First Year: $420,000
Second Year: $1,200,000
Third Year: $3,000,000
Marketing and Sales strategy

We at Master Touch Family Clinic have put plans in place to achieve all our goals and visions. We intend to use a number of marketing strategies that will allow us to easily target men, women, and families living and coming in Fort Lauderdale. These strategies include traditional print advertisements and ads placed on search engines on the Internet.

This is very crucial to the success of our business, as many people seeking local services, such as medical services, go to the Internet to conduct their preliminary searches. We have plans to register Master Touch Family Clinic with online portals so that people in city and those still coming in can easily reach us. We are currently developing our own standard online website.

We plan to maintain a sizable amount of print and traditional advertising methods within local markets to promote all the medical services we render at Master Touch Family Clinic.

We at Master Touch Family Clinic will also maintain an extensive marketing campaign that will ensure maximum visibility for the clinic to the general public. We will also build relationships with doctors all around Florida and we also plan to implement a local campaign in Fort Lauderdale with flyers, local newspaper advertisements, and word of mouth.

11. Publicity and Advertising Strategy

We at Master Touch Family Clinic believe everybody anywhere in the world is a potential customer and we plan to use a separate Publicity and Advertising plan away from our clinic’s Marketing Plan to reach them.

Master Touch Family Clinic plans to implement a strong publicity and advertising strategy, which is why we have partnered with Ardent and Partners, an advertising firm that specializes in overall business advertisements and many other advertising strategies, to help us with boosting the image of Master Touch Family Clinic.

Master Touch Family Clinic will pay Ardent and Partners $17,000 to determine the needs of the surrounding population and how best we can meet those needs with promotions, literature and other marketing programs.
Our Admin and Personnel Manager will work consistent with Ardent and Partners to inform potential clients of our clinic, to encourage an image of community involvement for Master Touch Family Clinic.

12. Our Pricing Strategy

Master Touch Family Clinic will leverage the most advanced computer, server and software systems, as well as Internet connections, in order to optimize the potential EMR and PMS systems software as well as in other software and network system utilized resulting in faster verification, efficient patient information transfer, reduction in administrative costs, computer breakdown or malfunction, as well as allowing outside access for the physician in order to access important patient information for hospital admissions.

We also plan to make use of an outside electronic medical billing company. We at Master Touch Family Clinic believe that this option will allow us to to focus our strength on patient care satisfaction.

This electronic medical billing company, Synthetic Cords, will use electronic claim billing and filing, which in turn will allow us to fully utilize the benefits of electronics claim filing while at the same time letting us maximize valuable clinic time and manpower. Synthetic Cords charges 9% of the total expenses collected.

Payment Options

In this modern age, we at Master Touch Family Clinic know that good payment options are a powerful business strategy which will attract customers, and we are very much ready to make use of it. We will be bringing payment options that are unique and will make the payment for the service we offer very easy for our customers.

Payment by via bank transfer
Payment via online bank transfer
Payment via check
Payment via bank draft
Payment via mobile money

Master Touch Family Clinic have partnered with a renowned bank in the country to enable us provide the above payment options. Our bank account numbers will be made available on our website and promotional materials so that it will be easier for clients to make payments when necessary.

13. Startup Expenditure (Budget)

Starting a good family medicine clinic can be very costly due to the high cost of equipment needed to start the business. We at Master Touch Family understand that this industry is capital intensive but we are also ready to make very good use of the funds we have.

The more reason we have decided to create a business plan that will serve as a commandment or direction for our business. We also acknowledge that prices of equipment can differ across different locations in the country, but the difference we believe can’t be much and can be overlooked. Below is a detailed analysis of how we want to spend our startup capital;

The Total Fee for Registering the Business in Fort Lauderdale, Florida: $750.
Legal expenses for obtaining licenses and permits: $1,500.
Marketing promotion expenses: $150,000
Cost for hiring Consultant – $5,000.
Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $30,800.
Cost of accounting software, CRM software and Payroll Software – $3,000
Cost for leasing facility for the clinic: $100,000
Cost for facility remodelling – $50,000.
Other start-up expenses including stationery – $1000
Phone and utility deposits – $3,500
Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $80,000
Storage hardware (bins, utensil rack, shelves, glasses et al) – $1,720
Cost for medical equipment – $700,000
The cost of Launching a Website: $600
Miscellaneous: $5,000

From our detailed analysis above, we will need $1,145,620 to start up Master Touch Family Clinic.

Generating Funding for Master Touch Family Clinic

Master Touch Family Clinic was founded by a great woman, Amanda Liras, a registered nurse practitioner and an astounding entrepreneur. The business will be funded by her until we decide to accept investors or partners. Ways we hope to raise our startup capital include;

Generate part of the startup capital from personal savings
Generate part of the startup capital from friends and other extended family members
Generate part of the capital from the bank (loan facility).

Note: Amanda Libras have been able to raise $500,000 ( $300,000 from personal savings and $200,000 as soft loans from family and friends ) and we are at the final stages of obtaining a loan facility of $1,000,000. We have verified all the necessary procedures to actualize or get our startup cost.

14. Sustainability and Expansion Strategy

Master Touch Family Clinic is a family clinic founded to fill a gap in Fort Lauderdale. Master Touch Family Clinic, from our research and review has a greater chance of expanding into the nick and crannies of America.

We hope to only purchase medical equipment that has demand within the community, provide fast and friendly service and also ensure strict financial controls to help us manage the expensive capital costs associated with starting a family clinic.

We have plans to make our services the best in the industry. We also plan to establish an excellent customer service culture that will make our clients comfortable and willing to come back.

Master Touch Family Clinic will also make use of the latest equipment in the industry to provide fast, distinctive and reliable services. We hope to establish more business branches as our business gains adequate corporate identity in the industry.

Master Touch Family Clinic marketing strategies will be reviewed every 6 months to enable us understand what our customers want and how best to reach them even in the remote places of our town. We will ensure that all our employees, medical and non-medical, will be the best there is in the industry.

Aside the medical background we hope to leverage, we will be training them to be able to cope with any situation they find themselves in. Master Touch Family Clinic will be run as a family business, where all employees are inculcated into the family stream.

We hope to offer our customers attractive incentives that will move them to give their best and help us move Master Touch Family Clinic to limelight.

Checklist/Milestone

Business Name Availability Check: Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts in the United States: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Application for business license and permit: Completed
Purchase of Insurance for the Business: Completed
Conducting feasibility studies: Completed
Leasing, renovating and equipping our facility: Completed
Generating part of the startup capital from the founder: Completed
Applications for Loan from our Bankers: In Progress
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of The Company’s Logo: Completed
Printing of Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
Creating Official Website for the Company: In Progress
Creating Awareness for the business (Business PR): In Progress
Health and Safety and Fire Safety Arrangement: In Progress

Group Home Business Plan [Sample Template]
Medical Clinic and Practice Business Plan [Sample Template]
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Ayurvedic Clinic Business Plan [Sample Template]

Looking for NPBO™, our private community? Visit https://ClinicianBusinessInstitute.com

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Starting a Practice Playlist

It should come as no surprise to anyone reading NP Business, that the most common question we receive is “ How do I start a practice? ” As we get ready to close out 2023, I wanted to post a playlist of our most popular podcasts and blog posts about starting a practice. I’ll follow this up with a post about growing and operating a practice.

Ready to dive in?

This one podcast/video episode is important, and you could start and end with this episode alone. There is so much that must be done when starting a practice, all at once, and this framework (which is how I teach this) will help keep you sane and organized.

The initial part of starting a practice involves research and planning. Of course, a big part is working with numbers s and building assumptions to determine if your plans will be feasible . Understanding what it costs to start and run a practice is crucial.

There are many moving parts to starting a business, and sometimes, because it’s often “just you” seeing patients, clinicians (not just NPs) will opt for the easiest structure. But that could be a huge mistake. Listen in as I tell you why there are TWO legal structures you want to stay away from.

This episode covers why you need an NPI-2 , particularly if you’re just getting started, and those already in practice, but may not have set things up properly. It does not matter if you are billing insurance, or if you are a cash practice. This is essential information !

This list is far from complete. So I encourage you to scroll through our podcast archives and search the blog for starting a practice to find lots more information.

For readers who may be interested, NPBO™ will be running our live-online workshop, Essentials of Starting a Practice early in 2024. If you’d like to be on our list to learn more about Essentials, you can do so here .

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Hi there, Came acres your website Barbara- much needed. After a number of years and acquisition of a building and renovation, I am about ready to open in 4-6 weeks. The costs of laying out all this money from my retirement have been exorbitant. Do you have a resource /template of a company that has templates for a policy and procedure book that I can plug my stuff in. I don't wast to reinvent the wheel and my malpractice company is requiring it even though will just start by. myself and nit add on an Rn for about 6 months. If you are willing to share this resource, /com,pany, IU would greatly appreciate it. I am a Women's Health NP with 34 yrs. experience. I plan to subscribe to your pod casts. Wish I would have known about you and your courses the past 4 years because it's been really hard to go it alone without a lot of resources and support. I want to become part of your community especially with NP's that have a brick and mortar officer-not just this telemedicine stuff that becomes new grads without any experience, to hang up their own virtual shingle. Thanks and I'd appreciate any resources for this you know of.

First, congrats on getting started!

You are smart to look for templates, no need to pay excessive amounts or hours creating all this from scratch. The book I recommend for operation policies and procedures is https://amzn.to/48HPrIv . Just edit to fit your needs.

We’d love to welcome into NPBO™. Member’s are in various states of their business from contemplation to years in practice and everything in between. You’d fit right in. For more info, if you need it, visit https://npbusiness.org/membership

How To Set Up Private Practice As A PMHNP – (11 Simple Steps)

There is a significant need for great psychiatric mental health nurse practitioners (PMHNPs)—especially as the need for mental health services is growing. A recent study determined that 1 out of 5 adults live with a mental illness —and the aging and growing population, along with the current pandemic, play a role in the need for more PMHNPs. And while the need is there, there is a shortage of mental health providers to meet the needs of people worldwide. I can tell you from my own practice that there have been challenges getting appointments with behavioral health specialists due to many practices not accepting new patients. This further supports the demand for more nurse practitioners to open a psychiatric mental health practice. So, how do you set up a private practice as a PMHNP? Below, I will discuss 11 simple steps to set up a private practice as a PMHNP.

CAN A PMHNP SET UP A PRIVATE PRACTICE?

What states allow psychiatric mental health nurse practitioners to set up a private practice, top 3 pros of setting up a private practice as a pmhnp, pro #1: complete autonomy of your practice., pro #2: greater flexibility in your career, leading to better work-life balance., pro #3: leave a lasting impact on your patient’s overall health with improved patient outcomes., how much does it cost psychiatric mental health nurse practitioners to set up a private practice, how long does it take psychiatric mental health nurse practitioners to set up a private practice, how to set up a private practice as a pmhnp, step #1: graduate from an accredited psychiatric mental health np program., step #2: become a board-certified psychiatric mental health np, step #3: obtain np and rn licensure in the state where you wish to open your psychiatric mental health practice., step #4: consider the legal requirements needed to open your own np practice., step #5: create a business plan., step #6: find a space to rent., step #7: how will you market your business, step #8: decide on an electronic medical record system that will be used., step #9: will you utilize telehealth services and if so, which system will you use, step #10: determine staffing needs., step #11: open your psychiatric mental health private practice and thrive., my final thoughts, frequently asked questions answered by our expert, 1. can a pmhnp set up a private practice in california, 2. can a pmhnp set up a private practice in florida, 3. can a pmhnp set up a private practice in texas, 4. can a pmhnp set up a private practice in new york, 5. can a pmhnp set up a private practice in pennsylvania, 6. can a pmhnp set up a private practice in georgia, 7. can a pmhnp set up a private practice in massachusetts, 8. can a pmhnp set up a private practice in illinois, 9. can a pmhnp set up a private practice in ohio, 10. can a pmhnp set up a private practice in north carolina.

Exploring what works, what doesn’t, and why.

Medical file folders, a prescription pad and pen, and a stethoscope surround an image of a female nurse practitioner reviewing a chart with a female patient. Composition is on a blue-purple background.

Can nurse practitioners solve the primary care shortage?

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An estimated 100 million people in the United States—almost a third of the population—don’t have a primary care provider. Nurse practitioners could bridge this urgent health care gap, but social stereotypes that portray nurses as subordinate to doctors, along with archaic state regulations, prevent these qualified professionals from doing so.

The current care gap is driven mostly by a lack of doctors. Medical students are choosing higher-paying specialties over practicing primary care. Often, this is to help them pay their medical school debt.

The nursing community is poised to fill that gap. There are 5.2 million registered nurses in the U.S. , and they are increasingly earning degrees and certifications that qualify them as primary care providers. More than 70 percent of RNs hold a bachelor of science degree, a number that is growing. Then there are 385,000 licensed nurse practitioners—a designation that allows them to order tests, diagnose patients, and prescribe treatments, just as a doctor would. Nearly 90 percent of nurse practitioners working in the U.S. today have a master’s or doctorate degree and are fully certified to practice in areas such as pediatrics, family medicine, women’s health, adult medicine, or gerontology.

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It usually takes at least seven years and an average of 7,840 hours of clinical training and work experience to become a nurse practitioner. Nurse practitioners are well-trained for primary care work—and evidence shows they deliver it effectively, and often at a lower cost than doctors. Studies show that patients of nurse practitioners received the same quality care from nurse practitioners as from doctors, and that they feel highly satisfied with their care.

Other research shows that being seen by a nurse practitioner incurs costs similar to or less than being treated by a physician. One study , which analyzed two years of data from more than 47,000 medically complex patients with diabetes at 566 Veterans Administration facilities, found savings of at least hundreds of dollars per patient: $1,300 for hospitalization or emergency visits, $500 for outpatient care, and $300 in pharmacy costs. Another study , which analyzed four years of data from 475,000 Medicare beneficiaries, found that the patients of nurse practitioners received high-quality care while costing less for office visits as well as emergency room visits, hospital stays, nursing homes, and specialty care.

In 27 states , the District of Columbia, and U.S. territories, nurse practitioners are fully authorized to practice as independent clinicians. They conduct physical exams, make diagnoses, order and interpret lab tests and imaging studies, prescribe medications, provide treatment, and perform procedures, just like primary care physicians do. But when people think about their primary care, they think of the word “doctor.”

If policymakers and other industry decision-makers can help patients in the U.S. see nurse practitioners as primary care providers, patient access and health outcomes would improve, and health care costs would go down. Updating the laws and regulations in the states that don’t yet authorize nurse practitioners to work this way would help. But real change needs public health and health care practitioners to collaborate to change people’s minds. Patients and the public need to learn they can turn to nurse practitioners for expert, quality care.

To be sure, nurse practitioners are not physicians. But access to primary care nurse practitioners trumps no access every time. There is plenty of need—and space within health care—for physicians and nurse practitioners to work independently and collaboratively for the good of all the people in the United States who need care.

Source images: CreativeArchetype / iStock, SDI Productions / iStock, s-cphoto / iStock

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635th Anti-Aircraft Missile Regiment

635-й зенитно-ракетный полк

Military Unit: 86646

Activated 1953 in Stepanshchino, Moscow Oblast - initially as the 1945th Anti-Aircraft Artillery Regiment for Special Use and from 1955 as the 635th Anti-Aircraft Missile Regiment for Special Use.

1953 to 1984 equipped with 60 S-25 (SA-1) launchers:

Launch area: 55 15 43N, 38 32 13E (US designation: Moscow SAM site E14-1)
Support area: 55 16 50N, 38 32 28E
Guidance area: 55 16 31N, 38 30 38E

1984 converted to the S-300PT (SA-10) with three independent battalions:

1st independent Anti-Aircraft Missile Battalion (Bessonovo, Moscow Oblast) - 55 09 34N, 38 22 26E
2nd independent Anti-Aircraft Missile Battalion and HQ (Stepanshchino, Moscow Oblast) - 55 15 31N, 38 32 23E
3rd independent Anti-Aircraft Missile Battalion (Shcherbovo, Moscow Oblast) - 55 22 32N, 38 43 33E

Disbanded 1.5.98.

Subordination:

1st Special Air Defence Corps , 1953 - 1.6.88
86th Air Defence Division , 1.6.88 - 1.10.94
86th Air Defence Brigade , 1.10.94 - 1.10.95
86th Air Defence Division , 1.10.95 - 1.5.98

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Out of the Centre

Savvino-storozhevsky monastery and museum.

Zvenigorod's most famous sight is the Savvino-Storozhevsky Monastery, which was founded in 1398 by the monk Savva from the Troitse-Sergieva Lavra, at the invitation and with the support of Prince Yury Dmitrievich of Zvenigorod. Savva was later canonised as St Sabbas (Savva) of Storozhev. The monastery late flourished under the reign of Tsar Alexis, who chose the monastery as his family church and often went on pilgrimage there and made lots of donations to it. Most of the monastery’s buildings date from this time. The monastery is heavily fortified with thick walls and six towers, the most impressive of which is the Krasny Tower which also serves as the eastern entrance. The monastery was closed in 1918 and only reopened in 1995. In 1998 Patriarch Alexius II took part in a service to return the relics of St Sabbas to the monastery. Today the monastery has the status of a stauropegic monastery, which is second in status to a lavra. In addition to being a working monastery, it also holds the Zvenigorod Historical, Architectural and Art Museum.

Belfry and Neighbouring Churches

Located near the main entrance is the monastery's belfry which is perhaps the calling card of the monastery due to its uniqueness. It was built in the 1650s and the St Sergius of Radonezh’s Church was opened on the middle tier in the mid-17th century, although it was originally dedicated to the Trinity. The belfry's 35-tonne Great Bladgovestny Bell fell in 1941 and was only restored and returned in 2003. Attached to the belfry is a large refectory and the Transfiguration Church, both of which were built on the orders of Tsar Alexis in the 1650s.

To the left of the belfry is another, smaller, refectory which is attached to the Trinity Gate-Church, which was also constructed in the 1650s on the orders of Tsar Alexis who made it his own family church. The church is elaborately decorated with colourful trims and underneath the archway is a beautiful 19th century fresco.

Nativity of Virgin Mary Cathedral

The Nativity of Virgin Mary Cathedral is the oldest building in the monastery and among the oldest buildings in the Moscow Region. It was built between 1404 and 1405 during the lifetime of St Sabbas and using the funds of Prince Yury of Zvenigorod. The white-stone cathedral is a standard four-pillar design with a single golden dome. After the death of St Sabbas he was interred in the cathedral and a new altar dedicated to him was added.

Under the reign of Tsar Alexis the cathedral was decorated with frescoes by Stepan Ryazanets, some of which remain today. Tsar Alexis also presented the cathedral with a five-tier iconostasis, the top row of icons have been preserved.

Tsaritsa's Chambers

The Nativity of Virgin Mary Cathedral is located between the Tsaritsa's Chambers of the left and the Palace of Tsar Alexis on the right. The Tsaritsa's Chambers were built in the mid-17th century for the wife of Tsar Alexey - Tsaritsa Maria Ilinichna Miloskavskaya. The design of the building is influenced by the ancient Russian architectural style. Is prettier than the Tsar's chambers opposite, being red in colour with elaborately decorated window frames and entrance.

At present the Tsaritsa's Chambers houses the Zvenigorod Historical, Architectural and Art Museum. Among its displays is an accurate recreation of the interior of a noble lady's chambers including furniture, decorations and a decorated tiled oven, and an exhibition on the history of Zvenigorod and the monastery.

Palace of Tsar Alexis

The Palace of Tsar Alexis was built in the 1650s and is now one of the best surviving examples of non-religious architecture of that era. It was built especially for Tsar Alexis who often visited the monastery on religious pilgrimages. Its most striking feature is its pretty row of nine chimney spouts which resemble towers.

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COMMENTS

How to Start Your Own Practice as a Nurse Practitioner
2. Have Your Paperwork in Order. You need paperwork to get your business off the ground. According to Jules, this includes: Choosing a name for your practice. Figuring out how to structure your business (e.g., limited liability company, sole proprietorship, partnership) Getting an Employer Identification Number.
How to Launch Your NP Private Practice in 2024: A Step-by-Step Guide
Creating a financial plan detailing the projected revenues, costs, and profitability. Setting competitive yet profitable prices for your services. Defining a marketing strategy to attract and retain patients. A well-executed business plan can help attract potential investors or secure loans and act as a roadmap guiding your practice's growth ...
Complete Guide To Starting A Nurse Practitioner Private Practice
1. Define your services: The first step to creating a business plan for your nurse practitioner private practice is to define the services you want to offer. You could offer primary care services, pediatric, or geriatric health services to name just a few. Define the services you want to offer clearly and ensure that the services are in demand ...
Nurse Practitioner Business Plan: Turning Your Vision into Reality
8 Components of a Nurse Practitioner Business Plan. Now that you have documented your nurse practitioner business ideas, it is time to begin organizing them into a business plan that demonstrates your vision and will guide your NP business model and strategy. 1. An Executive Summary. The executive summary is a concise summary of the details in ...
How to Open Your Own Private Practice as a Nurse Practitioner
Step 5: Be bold. Last but not least, Pawlicki adds what might be the most important step to opening an NP practice: "Own it!". Confidence is key when launching a new endeavor. You're serving a vital role as a medical provider in the community. Your passion, resilience, and strong business plan will take you far.
10 Steps to Starting Your Independent Nurse Practitioner Practice
Don't forget to factor in the lower reimbursements that many still pay NPs. 5. Scout around for insurance. Shop early for your liability insurance. Almost all payers want to see proof of your malpractice coverage prior to credentialing you. This includes many of the plans you may already be credentialed with. 6.
How to Successfully Start Your Nurse Practitioner Practice
Athey: Get a couple of years of experience under your belt. My experience as an NP has shown me that the first few years of practice have a steep learning curve depending on the environment. I've taught NPs for many years, and I think it's always good to start off in a setting where you're well supported and have resources and folks you can go ...
Business Ideas for Nurse Practitioners' Private Practice
Nurse practitioners can achieve growth through marketing strategies that expand your client base, a broader scope of products and services, and efficient processes that save money and time. If you're a nurse practitioner in private practice, then you're also running a business. This comes with plenty of pros, such as autonomy and the ...
How to Start a Nurse Practitioner Private Practice
1. Becoming a Nurse Practitioner. Becoming a nurse practitioner is the first step in how to start a nurse practitioner private practice. You'll need to graduate from a nurse practitioner program like the one at Texas Woman's University and obtain your national and state credentials. The process takes between two and four years.
How to Start Your Own Nurse Practitioner Private Practice
5. Outline a Business Plan. NPs who want to start a private practice should gather and outline their ideas about how the business will operate. This outline, which will inform the practice's business plan, can include everything from the name of the practice to the types of patients the practice will treat. 6.
The 4 Best Nurse Practitioner Business Ideas for Independent NPs
While there are any number of types of businesses nurses can start, we've found that these four nurse practitioner business ideas tend to be the most popular and profitable among our network of nurse entrepreneurs. 1.) Traditional Nurse Practitioner Business Idea: Brick-and-Mortar NP-Led Practice. Nurse practitioner private practices have ...
Nurse Practitioner Private Practice Business Plan
Business name - Healthy Hearts Clinic. Business location - 123 Main Street, Springfield, IL 62701. Business owner - Logan Paul, NP-C, MSN, RN. Business description - Healthy Hearts Clinic is a nurse practitioner-owned and operated clinic that provides cardiology services to patients with heart diseases and conditions.
20 Solid Nurse Practitioner Business Ideas For 2024
As one of the best nurse practitioner business ideas for those looking for a well-paying yet easy-to-establish NP niche practice, this endeavor may be a wise career move. Since your primary source of income will be Medicare and Medicaid reimbursement for your services, you can expect to make at least the going rate for NPs in this specialty ...
Nurse Practitioner Clinic Business Plan [Sample Template]
A Sample Nurse Practitioners Business Plan Template. 1. Industry Overview. Generally, nurses work to promote health, prevent disease, and help patients cope with illness. They are advocates and health educators for patients, families, and communities. When offering direct patient care, they watch, assess, and record symptoms, reactions, and ...
Private practice part 1, setting up and starting a new business
Nurse Practitioners are experts in clinical care, but most are novices when it comes to business, marketing, financial management and working outside mainstream healthcare settings. However, these skills are essential for nurse practitioners who want to grow, innovate and work in independent practice.
Practice Management
The American Association of Nurse Practitioners ® (AANP) offers a range of tools to support your practice, from quality improvement to reimbursement to business management. "Not only nurse practitioners [NPs] who want to start a practice, but NPs who are employed also need to understand the business of health care and how that impacts the ...
Starting a Practice Playlist
There is so much that must be done when starting a practice, all at once, and this framework (which is how I teach this) will help keep you sane and organized. The initial part of starting a practice involves research and planning. Of course, a big part is working with numbers s and building assumptions to determine if your plans will be feasible.
How To Set Up Private Practice As A PMHNP
STEP #5: Create a business plan. The next step in setting up a private practice as a PMHNP is creating a business plan. This is essential as it lays the foundation for your private practice. One piece of this is your financial plan, which looks at your estimated expenses, revenues, and profits. This will help determine which insurance you will ...
Business Resources for Nurse Practitioners (NPs)
View Compensation Survey. Resources for the Business Side of Health Care Access valuable resources for the business side of your career, including continuing education (CE), reimbursement help, job searches and negotiating tools. Practice-related CE From the Health Insurance Portability and Accountability Act of 1996….
Can a nurse practitioner be a PCP? An experienced NP explains
Other research shows that being seen by a nurse practitioner incurs costs similar to or less than being treated by a physician. One study, which analyzed two years of data from more than 47,000 medically complex patients with diabetes at 566 Veterans Administration facilities, found savings of at least hundreds of dollars per patient: $1,300 for hospitalization or emergency visits, $500 for ...
Best Online Doctorate In Nursing (D.N.P.) Programs Of 2024
Example Major-Specific Courses: Business management for the doctor of nursing practice, healthcare informatics Concentrations Available: N/A In-Person Requirements: Yes, for on-campus meeting
Nurse Practitioner or Physician Assistant
UCHealth Medical Group Nurse Practitioner Or Physician Assistant - Primary Care - Cheyenne jobs in Cheyenne, WY. ... Unrestricted Nurse Practitioner license issued by the State Board of Nursing in the state of practice or compact privileges under the multi-state Nurse Licensure Compact agreement ... deferred compensation savings plan. Offerings ...
Medicare.gov
Medicare.gov Care Compare is a new tool that helps you find and compare the quality of Medicare-approved providers near you. You can search for nursing homes, doctors, hospitals, hospice centers, and more. Learn how to use Care Compare and make informed decisions about your health care. Official Medicare site.
How to Prepare Your Patients for Hypoglycemia
Help your patients plan ahead for hypoglycemia with these tools and resources from your nurse practitioner association. "Hypoglycemia continues to be a major barrier to optimal glycemic management in both Type 1 and Type 2 diabetes," states Patty Scalzo, MSN, ANP-BC, CDCES, nurse practitioner (NP) and education specialist for the American Association of Nurse Practitioners® (AANP). On the ...
Elektrostal
Elektrostal , lit: Electric and Сталь , lit: Steel) is a city in Moscow Oblast, Russia, located 58 kilometers east of Moscow. Population: 155,196 ; 146,294 ...
635th Anti-Aircraft Missile Regiment
635th Anti-Aircraft Missile Regiment. 635-й зенитно-ракетный полк. Military Unit: 86646. Activated 1953 in Stepanshchino, Moscow Oblast - initially as the 1945th Anti-Aircraft Artillery Regiment for Special Use and from 1955 as the 635th Anti-Aircraft Missile Regiment for Special Use. 1953 to 1984 equipped with 60 S-25 (SA-1 ...
File:Coat of Arms of Elektrostal (Moscow oblast).svg
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate; Pages for logged out editors learn more
Savvino-Storozhevsky Monastery and Museum
Zvenigorod's most famous sight is the Savvino-Storozhevsky Monastery, which was founded in 1398 by the monk Savva from the Troitse-Sergieva Lavra, at the invitation and with the support of Prince Yury Dmitrievich of Zvenigorod. Savva was later canonised as St Sabbas (Savva) of Storozhev. The monastery late flourished under the reign of Tsar ...

How to Start Your Own Practice as a Nurse Practitioner

8 Pandemic-Proof Steps to Opening Your Healthcare Business

1. Know Your ‘Why’

2. Have Your Paperwork in Order

Three Common Types of Business Structures

3. Know How You’ll Fund Your Business

4. Speak to a Healthcare Attorney

5. Obtain Certifications Your Practice Requires

6. Understand Your Business Partner’s Role

7. Research and Find Resources

8. Network, Network, Network

Meet Our Contributors

Peggy Roberts, DNP, WHNP-BC

Wendy Jules, RN, BSN

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Actively solicit and respond to online reviews

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Build a business plan to scale your business

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Offer telehealth services

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How to Start Your Own Nurse Practitioner Private Practice

What Is a Nurse Practitioner Private Practice?

Nurse Practitioner Services

Nurse Practitioner Specializations

Why Start a Nurse Practitioner Private Practice?

Gaining Independence

Closing Health Care Gaps

Increasing Income Potential

Developing Business Skills

How to Start a Nurse Practitioner Private Practice: 13 Steps

1. Become a Registered Nurse

2. Pursue Graduate Education

3. Obtain NP Licensing and Certification

4. Determine State Practice Authority

Practice Authority Types

5. Outline a Business Plan

6. Consider Locations

Area Demographics

Nurse Practitioner Salaries

7. Choose a Legal Structure

8. Secure Required Permits

9. Obtain a DEA Number

10. Obtain a National Provider Identifier

11. Purchase Malpractice Insurance

12. Order Supplies

13. Market the Practice

How to Create a Nurse Practitioner Private Practice Business Plan

Components of a Nurse Practitioner Private Practice Business Plan

Executive Summary

Market Analysis

Practice Overview

Services Offered

Organization and Leadership