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Record-Keeping Beyond Charts

Nurse Practitioners in Business

And even though medical records are central to any practice, other documents must also be managed. Every aspect of your practice generates records that must be organized, protected, and retained for specific periods, including financial and employee records, vendor contracts, and OSHA documentation.

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

Nurse Practitioners in Business

Now, lets go through the checklist #1 Gather Essential Business Documents While this is an essential step, it may take the longest. Make sure you have all the necessary financial documents in one place. Below are the business documents you may need to prepare your return. Retain copies of all tax documents in case of an audit.

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5 Risk Control Considerations as Nurse Practitioners’ Scope of Practice Expands

Minority Nurse

This means NPs can evaluate patients, diagnose, order, and interpret diagnostic tests, and initiate and manage treatments (including prescribing medications) under the licensing authority of the State Board of Nursing. Failure to do so could lead to malpractice claims if a patient experiences harm due to perceived negligence.

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Is Your Practice Ready for Growth?

Nurse Practitioners in Business

Scope of Practice, Licensing, Malpractice Is the service within your scope of practice? How would it impact your malpractice coverage? Improve Coding Accuracy and Documentation If your billing is in-house, you can boost revenue by ensuring that coding accurately reflects the complexity of care you provide.

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Legal Responsibilities of Nurses in Medication Administration 

American Medical Compliance

Nurses must: Administer medications as prescribed Monitor for side effects Document properly Report any errors promptly Healthcare providers must also ensure their nurses are licensed and aware of their states regulations. If a patient refuses, the nurse must respect that choice, document it, and inform the physician.

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Professional Wills: What Happens if You Die?

Nurse Practitioners in Business

A professional will is an important, but often overlooked, document. Such a document is especially critical for independent and solo practitioners in practices where no formal succession plan may exist. The document may also provide instructions on how to dissolve the business or continue its operations.

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Business Structures: What You Must Know…

Nurse Practitioners in Business

It is considered an informal business structure; no formal registration is required except for necessary licenses or permits. Even though a business can be passed on to a beneficiary, a new business must be established, complete with licenses and permits. It is the default structure if no other selection is made.