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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.

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Starting A Practice: Questions Every Nurse Practitioner Should Ask

Nurse Practitioners in Business

But when you start a practice, it’s up to you to set boundaries, create the rules, and shape the business overall. Or do you want to generate more income, create a real asset, and build a business for yourself? Are you willing to learn and educate yourself about business ? Do you have clear personal and business goals?

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What you need to understand about Medicare cuts

Nurse Practitioners in Business

” by NPs who are new to business and those who have been in practice for years. The post What you need to understand about Medicare cuts appeared first on Nurse Practitioners in Business. Will you really lose money by seeing Medicare patients? I am constantly asked “Should I opt out of Medicare?”

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CNA Lawsuit Highlights 1099 Worker Rights

IntelyCare

These agencies rely on an “independent contractor” business model, meaning that nursing professionals who use their services aren’t provided with employee benefits or protections. As 1099 workers, these nursing professionals are considered to be more like an autonomous business than an employee.

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Legal Concepts Nurses Should Know

Premier Medical Staffing

Negligence and Malpractice Negligence As the name suggests, nursing negligence occurs when a patient experiences unintended harm due to a nurse’s mistake or omission in care (via NursingProcess.org ). Malpractice Malpractice and negligence are similar terms that are often used interchangeably but have one important difference.

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Risks Facing Nurse Practitioners Today

Minority Nurse

Nurse practitioner malpractice data can be used to inform and address areas of clinical improvement as well as help to improve the quality of care and patient safety. Malpractice claim costs are on the rise. The average total incurred amount of a nurse practitioner malpractice claim has increased to $332,137 – a jump of more than 10.5%

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How to Become a Nurse Practitioner and Open Your Own Practice

Scrubs

Finally, you definitely want to acquire malpractice insurance. Though not all states require private practices to maintain malpractice insurance, it is a good way to keep your business and your personal assets safe.