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How to Reduce Staffing Costs in Your NP Practice

Nurse Practitioners in Business

Here are the top three expense categories typically seen in a small practice: Employee expenses: payroll, benefits, taxes Rent & Utilities: office space & water, gas, electricity, internet Insurance: medical malpractice, general liability, property, workers compensation, and other types of coverage. Insurance is a non-negotiable.

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

Nurse Practitioners in Business

People and businesses get ready to file their yearly income tax. While business filing dates can vary with the choice of business structure and date of formation, most small business owners file their business taxes when they file their personal tax returns. The tax season is moving into full swing.

Business 286
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Record-Keeping Beyond Charts

Nurse Practitioners in Business

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

HIPAA 195
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Building an Emergency Fund for Your Practice

Nurse Practitioners in Business

Do you have an emergency fund for yourself and your business? As a business owner, you may be exposed to additional risks further impacting your ability to conduct business and generate income. In Summary, Is it safe to say we all agree on the importance of building an emergency fund for our business and personal lives?

Business 195
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From Bedside to Business: Exploring Opportunities for Nurses

Empowered Nurses

What if your nursing expertise could become the foundation of a thriving business? Nurses possess a rare combination of clinical knowledge, communication skills, and problem-solving abilities, making them uniquely suited for diverse business ventures. Creating a Product or Service Do you have an innovative idea?

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Why Legal Nurse Consulting Is the Easiest Business to Start

Empowered Nurses

Starting a business may sound intimidating, but as a nurse, you already have the perfect foundation to succeed in legal nurse consulting (LNC). In fact, among the many business opportunities available to nurses, legal nurse consulting stands out as one of the easiest and most lucrative to start. Heres why: 1.

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NPs and Professional Liability Insurance: Getting it Right

Nurse Practitioners in Business

Professional liability insurance, also known as malpractice insurance, is a crucial component of protecting nurse practitioners (NPs) in their practice. Whether you’re a business owner or employed by someone else, having your own policy is essential. rise in total claims. You’ll also find us in your favorite podcast player.