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

Minority Nurse

Driven by the need for increased access to care and the demand for more healthcare providers, recent legislative changes now allow nurse practitioners (NPs) in certain jurisdictions to perform a broader range of services, including diagnosing and treating patients independently. of claims in 2017 to 37.1%

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Record-Keeping Beyond Charts

Nurse Practitioners in Business

Administrative and Business Records This category includes your practices foundational paperwork: Business & professional licenses Continuing education documents Tax IDs Federal registrations Vendor and lease agreements Malpractice insurance records Credentialing records Collaborative agreements Etc. By Johanna Hofmann, MBA, MAc.,

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

Nurse Practitioners in Business

Business Insurance: Malpractice insurance, general liability insurance, and workers compensation (if applicable) are all deductible expenses and must be tracked and recorded. Professional Fees: Renewing your state license, board certifications, and memberships in professional organizations (AANP, state NP associations) are all tax-deductible.

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Is Nurse Midwifery the Right Pathway for You?

Registered Nursing

Return Becoming a CNM represents a significant financial and time investment: Education Costs Graduate programs range from $30,000-$90,000+ depending on institution type Additional expenses for certification exams, licensing, and clinical equipment Potential income reduction during full-time study periods Income Potential Median annual salary: $115,320 (..)

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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? appeared first on Nurse Practitioners in Business. If considering a cash-based service, determine if patients are willing and able to pay out of pocket before launching.

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Professional Wills: What Happens if You Die?

Nurse Practitioners in Business

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. appeared first on Nurse Practitioners in Business. ” The post Professional Wills: What Happens if You Die?

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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.