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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. Depending on the size of your practice and related expenses, that may be a significant amount. Dont let it deter you.

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How to Reduce Staffing Costs in Your NP Practice

Nurse Practitioners in Business

And when you do, youll be ahead of the game knowing whats involved in hiring employees for your practice. Understanding Employee-Related Expenses Healthcare is a competitive field, and managing costs is not just good practice, but may be essential for survival. By Johanna Hofmann, MBA, MAc.,

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Record-Keeping Beyond Charts

Nurse Practitioners in Business

Clinical and Medical Records No surprise here Every practice must keep all records related to patient care, including progress notes, treatment plans, lab results, imaging, and prescriptions. Financial Records Every business is required to track and record all income and expenses. Set time aside to assess your current practices.

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Late Arrivals, No-Shows? Effective Strategies for NPs

Nurse Practitioners in Business

Be Proactive with Chronic Offenders Almost every practice has them Patients who repeatedly miss appointments or arrive late despite reminders. Effective Strategies for NPs appeared first on Nurse Practitioners in Business. What do you do?

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Professional Wills: What Happens if You Die?

Nurse Practitioners in Business

It outlines how your practice should be managed in the event of your incapacity, disability, or death. Whether you’re a Nurse Practitioner, therapist, or other professional, if you operate independently or run a small practice, you have a responsibility to plan for your loved ones and your patients.

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HIPAA: What You Can and Can’t Disclose

Nurse Practitioners in Business

Specific organizations and individuals, referred to as “Covered Entities,” are subject to the Privacy Rules and include healthcare providers, health plans, healthcare clearing houses, and business associates. Here are some things to avoid, regardless of how busy it gets or how stressed you and your staff feel.

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Grow and Operate your Practice

Nurse Practitioners in Business

When we are busy, and our mental resources are stretched, sometimes we try shortcuts, which may become a habit. When you planned your business, one of the biggest tasks was to assess costs and determine the financial viablility. This is something that must be re-assessed and updated to run your practice profitably.