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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.

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

Nurse Practitioners in Business

Ensure Payroll Tax Compliance: If you have employees, make sure payroll taxes (Social Security, Medicare, and unemployment taxes) are withheld and remitted. Business Insurance: Malpractice insurance, general liability insurance, and workers compensation (if applicable) are all deductible expenses and must be tracked and recorded.

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Nursing License Renewal in Indiana: What You Must Know Before You Click “Submit”

Empowered Nurses

Malpractice Judgments or Settlements “Since you last renewed, have you had a malpractice judgment against you or settled any malpractice action?” Medicare/Medicaid Exclusion “Since you last renewed, have you been excluded from being a Medicare or Medicaid provider?” Again, honesty is your best defense.

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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? If considering a cash-based service, determine if patients are willing and able to pay out of pocket before launching. Are other practices close by offering the same services?

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What you need to understand about Medicare cuts

Nurse Practitioners in Business

Hearing about Medicare cuts causes a provider’s blood to run cold. Will you really lose money by seeing Medicare patients? I am constantly asked “Should I opt out of Medicare?” In fact, at 66 years old, I am a beneficiary of Medicare Part B and a Medigap plan. And many have strong opinions on this.

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The Rise of Malpractice Claims Against NPs

Daily Nurse

Centers for Medicare and Medicaid Services. Why have malpractice claims – in terms of the amount of money awarded – been increasing? What can NPs do to protect themselves from malpractice claims? Many older Americans receive care from aging services facilities across the United States. percent of licensed NPs in the U.S.

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Starting A Practice: Questions Every Nurse Practitioner Should Ask

Nurse Practitioners in Business

Navigating the credentialing process in a timely manne r so you can accept commercial insurance and Medicare/Medicaid. Deciding what types of insurance (malpractice, liability, property) you need and how to choose the proper coverage. Implementing effective financial and operational systems that will be followed consistently.