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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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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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How to Reduce Staffing Costs in Your NP Practice

Nurse Practitioners in Business

Practice management software can streamline tasks such as appointment scheduling, sending reminder calls, patient record management, and billing, resulting in lower workloads and fewer staff members required. EAMP; regular contributor to the NPBusiness blog and author of Smart Business Planning for Clinicians.”

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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

In some cases, what happens to the business may be pre-defined. For example, a business organized as a sole proprietorship is automatically dissolved when the owner dies, whereas corporations continue. These rules, however, cover only the aspect of business continuation. appeared first on Nurse Practitioners in Business.

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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.