Is it a recession? A slow down? Something else? Regardless, NPs need to understand how to protect their practices and even thrive.The news is quite unsettling these days on many fronts and there is a lot of talk in healthcare about the economy and if, when, and how it will impact healthcare and healthcare practices.Show notes:https://npbusiness.org/recession

Is it a recession? A slow down? Something else? Regardless, NPs need to understand how to protect their practices and even thrive.The news is quite unsettling these days on many fronts and there is a lot of talk in healthcare about the economy and if, when, and how it will impact healthcare and healthcare practices. Show notes: <a href="https://npbusiness.org/recession" rel="nofollow" target="_blank">https://npbusiness.org/recession</a>

Episode #64 3 Steps you can take today to Protect your Practice

It’s not uncommon that NPs approach business with the idea that they can bootstrap their business. Indeed, if you do an internet search, you’ll find tons of articles on how to bootstrap your business. Indeed, there are many companies that did their startup this way. However, it just means they did not go after investors. They still have some startup capital.In episode #62 of the NP Business Matters podcast, we talk about the idea of bootstrapping and what it really means. We'll also take a look at a minimal practice startup from the perspective of a mobile practice of seeing patients in their homes, ALF, or SNFs.Ready? Let's get to it!

It’s not uncommon that NPs approach business with the idea that they can bootstrap their business. Indeed, if you do an internet search, you’ll find tons of articles on how to bootstrap your business. Indeed, there are many companies that did their startup this way. However, it just means they did not go after investors. They still have some startup capital.In episode #62 of the NP Business Matters podcast, we talk about the idea of bootstrapping and what it really means. We'll also take a look at a minimal practice startup from the perspective of a mobile practice of seeing patients in their homes, ALF, or SNFs.Ready? Let's get to it!

Episode #62 Why You Can't Bootstrap without the Boots

There are several different kinds of policies and areas of coverage when it comes to business insurance. For practice owners, this can get a bit confusing.In this episode #62 of the NP Business Matters Podcast, I'm talking about the different kinds of insurance, why you might want to have them, and where to find them. I'll also talk briefly about professional liability insurance.https://npbusiness.org/businessinsurance

There are several different kinds of policies and areas of coverage when it comes to business insurance. For practice owners, this can get a bit confusing.In this episode #62 of the NP Business Matters Podcast, I'm talking about the different kinds of insurance, why you might want to have them, and where to find them. I'll also talk briefly about professional liability insurance. <a href="https://npbusiness.org/businessinsurance" rel="nofollow" target="_blank">https://npbusiness.org/businessinsurance</a>

Episode #62 What Type of Insurances Do You Need for Your Practice

In this episode of the NP Business Matters Podcast, I talk about Better Billing HabitsIf you are billing third-party payers, chances are you’ve run into a glitch or two. It might be time to take a look at your process, which will not only help you streamline what you are doing but just might reduce some of the problems. Let us know on the show notes at https://NPBusiness.org/betterbilling#NursePractitionerBusiness, #NPBusiness, #NPBO, #NoNPLeftBehind, #NPOwnedPractice #MedicalBilling

In this episode of the NP Business Matters Podcast, I talk about Better Billing HabitsIf you are billing third-party payers, chances are you’ve run into a glitch or two. It might be time to take a look at your process, which will not only help you streamline what you are doing but just might reduce some of the problems. Let us know on the show notes at <a href="https://npbusiness.org/betterbilling" rel="nofollow" target="_blank">https://NPBusiness.org/betterbilling</a> #NursePractitionerBusiness, #NPBusiness, #NPBO, #NoNPLeftBehind, #NPOwnedPractice #MedicalBilling

#61 Better Billing Habits

In this episode of the NP Business Matters Podcast, I talk about the different ways you can fund your Nurse Practitioner practice.And while it was all about funding for start-up, I do mention AR funding, which is more of a funding source when you are already in business (oops!).Show notes on our blog at https://NPBusiness.org/fundingUpcoming Webinars: npbusiness.org/webinars#NursePractitionerBusiness,#NPBusiness#NPBO#NoNPLeftBehind#NPOwnedPractice

In this episode of the NP Business Matters Podcast, I talk about the different ways you can fund your Nurse Practitioner practice.And while it was all about funding for start-up, I do mention AR funding, which is more of a funding source when you are already in business (oops!).Show notes on our blog at <a href="https://NPBusiness.org/funding" rel="nofollow" target="_blank">https://NPBusiness.org/funding</a>Upcoming Webinars: <a href="https://npbusiness.org/webinars" rel="nofollow" target="_blank">npbusiness.org/webinars</a>#NursePractitionerBusiness, #NPBusiness #NPBO #NoNPLeftBehind #NPOwnedPractice

#59 How to Fund Your NP Practice

Starting a practice is not an easy thing to do, nor is it a linear process. There are several moving parts, Many things are happening all at once and they are often interdependent on one another.  That's where a framework comes in.Show notes &amp; video version: https://NPBusiness.ORG/frameworkWorkshop:https://NPBusiness.ORG/workshops

Starting a practice is not an easy thing to do, nor is it a linear process. There are several moving parts, Many things are happening all at once and they are often interdependent on one another.  That's where a framework comes in. Show notes &amp; video version:  <a href="https://NPBusiness.ORG/framework" rel="nofollow" target="_blank">https://NPBusiness.ORG/framework</a> Workshop: <a href="https://NPBusiness.ORG/workshops" rel="nofollow" target="_blank">https://NPBusiness.ORG/workshops</a>

#58 Starting Your Practice With a Framework

There are 6 habits that practice owners have, often for the sake of time, that will hurt their practices. It's widely known that most businesses fail because of poor cash flow. These 6 habits directly contribute to negatively impacting your practices' financial health.Show notes:https://npbusiness.org/habitsthathurtNPBO™ Workshops:https://npbusiness.org/workshopts

There are 6 habits that practice owners have, often for the sake of time, that will hurt their practices. It's widely known that most businesses fail because of poor cash flow. These 6 habits directly contribute to negatively impacting your practices' financial health. Show notes: <a href="https://npbusiness.org/habitsthathurt" rel="nofollow" target="_blank">https://npbusiness.org/habitsthathurt</a> NPBO™ Workshops: <a href="https://npbusiness.org/workshopts" rel="nofollow" target="_blank">https://npbusiness.org/workshopts</a>

Episode #57 6 Habits That Hurt Your Practice

Business structures sometimes confuse new business owners, including nurse practitioners. This video gives an overview of what to consider, and what in my opinion, to avoid.The blog post and show. notes are here: https://npbusiness.org/businessstructure

Business structures sometimes confuse new business owners, including nurse practitioners. This video gives an overview of what to consider, and what in my opinion, to avoid. The blog post and show. notes are here: <a href="https://npbusiness.org/businessstructure" rel="nofollow" target="_blank">https://npbusiness.org/businessstructure</a>

#56 Business Structures for the Nurse Practitioner

Cost per patient and payer mix are among the top numbers you need to track when we talk about knowing your numbers. It can make the difference between a practice that is financially solvent and one that is struggling.When I asked a group of NPs, they did not know the answer.It does not matter what kind of practice you have, you must understand your expenses - including what it cost you to see a patient, vs what you are getting paid to see that patient. Obviously, if you are getting paid less than what it cost you, there is a problem.You can listen, and if you choose, also watch this on our blog.So do you know these numbers?https://NPBusiness.org/costperpatient

Cost per patient and payer mix are among the top numbers you need to track when we talk about knowing your numbers. It can make the difference between a practice that is financially solvent and one that is struggling.When I asked a group of NPs, they did not know the answer.It does not matter what kind of practice you have, you must understand your expenses - including what it cost you to see a patient, vs what you are getting paid to see that patient. Obviously, if you are getting paid less than what it cost you, there is a problem. You can listen, and if you choose, also watch this on our blog. So do you know these numbers? <a href="https://NPBusiness.org/costperpatient" rel="nofollow" target="_blank">https://NPBusiness.org/costperpatient</a>

#55 Do you know these numbers? PayMix and Cost per Patient

Have you ever wondered if your license was at risk?  Nurse practitioners find their licenses, NPI's numbers, and ability to write prescriptions are valuable to many who do not have the protection of our licenses in their hearts.  They are often more concerned with their own profits and meeting their needs.Unfortunately, this happens way to often.Listen in to this week's podcast and hear some of the situations, including myself, NPs have found themselves in.Episode and show notes at https://npbusiness.org/licenseatrisk

Have you ever wondered if your license was at risk?  Nurse practitioners find their licenses, NPI's numbers, and ability to write prescriptions are valuable to many who do not have the protection of our licenses in their hearts.  They are often more concerned with their own profits and meeting their needs. Unfortunately, this happens way to often. Listen in to this week's podcast and hear some of the situations, including myself, NPs have found themselves in. Episode and show notes at <a href="https://npbusiness.org/licenseatrisk" rel="nofollow" target="_blank">https://npbusiness.org/licenseatrisk</a>

#54 Is your license at risk?

Business For Nurse Practitioners? Yes!  The NP Business Matters Podcast is all about the business of being an NP. From getting a job to starting your practice, from discovering your leadership potential to everything else in-between, it's all fair game. Grab a cup of coffee and join Barbara C Phillips, NP, FAANP, the NP Business Coach, and her guest for an adventure. Discover what's possible…

Nurse Practitioners often ask in our Facebook group, what does it cost to start a practice? As you might expect, the answers that group members give are all over the board. The question is essentially impossible to answer without further information. There are a lot of variables involved.What kind of practice?Where is it located?What is the size of the practice? And that's just to start with. In order to accurately estimate your startup cost, and ultimately, your operating cost, you are going to have to do some research and planning.In this episode of the NP Business Matters Podcast, I discuss many of the variables, though it's impossible to cover them all. However, you'll get a good idea of where to start, and then you can go from there.At the end of the podcast, I also make an exciting announcement, so you don't want to miss it!https://npbusiness.org/startupcost

Nurse Practitioners often ask in our Facebook group, what does it cost to start a practice? As you might expect, the answers that group members give are all over the board. The question is essentially impossible to answer without further information. There are a lot of variables involved.<ul><li>What kind of practice?</li><li>Where is it located?</li><li>What is the size of the practice? </li></ul>And that's just to start with. In order to accurately estimate your startup cost, and ultimately, your operating cost, you are going to have to do some research and planning.In this episode of the NP Business Matters Podcast, I discuss many of the variables, though it's impossible to cover them all. However, you'll get a good idea of where to start, and then you can go from there.At the end of the podcast, I also make an exciting announcement, so you don't want to miss it! <a href="https://npbusiness.org/startupcost" rel="nofollow" target="_blank">https://npbusiness.org/startupcost</a>

Episode #53 What Does it Cost to Start a Practice

You want to start a business as a nurse or nurse practitioner and yet, you don't want to be in clinical practice. What should you do?In this episode of the NP Business Matters podcast, I talk about things you can do that are other than clinical practice. On the other hand, if you are interested in clinical business ideas, make sure you listen to episode #51.Links and more @https:npbusiness.org/business ideas

You want to start a business as a nurse or nurse practitioner and yet, you don't want to be in clinical practice. What should you do?In this episode of the NP Business Matters podcast, I talk about things you can do that are other than clinical practice. On the other hand, if you are interested in clinical business ideas, make sure you listen to <a href="https://npbusiness.org/clinicalideas/" rel="nofollow" target="_blank">episode #51</a>. Links and more @ <a href="https:npbusiness.org/business" rel="nofollow" target="_blank">https:npbusiness.org/business</a> ideas

#52 Non-Clinical Business Ideas

Do you ever find yourself trying to decide what kind of business you want to start? You are not alone in that. It's a question many nurses and NPs ask themselves.In this episode and the next of the NP Business Matters podcast, I'm discussing and giving you a lot of ideas. Today we'll discuss clinical business ideas, and in the next episode of the podcast, I'll cover non-clinical ideas.Show notes: https://npbusiness.org/clinicalideas

Do you ever find yourself trying to decide what kind of business you want to start? You are not alone in that. It's a question many nurses and NPs ask themselves.In this episode and the next of the NP Business Matters podcast, I'm discussing and giving you a lot of ideas. Today we'll discuss clinical business ideas, and in the next episode of the podcast, I'll cover non-clinical ideas. Show notes: <a href="https://npbusiness.org/clinicalideas" rel="nofollow" target="_blank">https://npbusiness.org/clinicalideas</a>

Episode #51 Clinical Business Ideas for Nurse Practitioners

A few weeks ago I wrote a blog about creating a fee schedule for your practice. (linked below). It generated a lot of questions, and frankly some confusion. This video is to help clarify that article, and do give you a demo on just one way you can create your own practice's fee schedule.Shownotes: https://npbusiness.org/revisiting-the-fee-scheduleBlog Article: 3 Simple Strategies to Set Your Fee Schedule - https://npbusiness.org/fee-schedule/ Visit us!Blog: NPBusiness.ORG - All about the business of being a nurse practitionerCourses on practice startup, billing, and more: https://ClinicianBusinessInstitute.com 

A few weeks ago I wrote a blog about creating a fee schedule for your practice. (linked below). It generated a lot of questions, and frankly some confusion. This video is to help clarify that article, and do give you a demo on just one way you can create your own practice's fee schedule. Shownotes: <a href="https://npbusiness.org/revisiting-the-fee-schedule" rel="nofollow" target="_blank">https://npbusiness.org/revisiting-the-fee-schedule</a> Blog Article: 3 Simple Strategies to Set Your Fee Schedule - <a href="https://npbusiness.org/fee-schedule/" rel="nofollow" target="_blank">https://npbusiness.org/fee-schedule/</a> Visit us! Blog: <a href="http://NPBusiness.ORG" rel="nofollow" target="_blank">NPBusiness.ORG</a> - All about the business of being a nurse practitioner Courses on practice startup, billing, and more: <a href="https://ClinicianBusinessInstitute.com" rel="nofollow" target="_blank">https://ClinicianBusinessInstitute.com</a>

#50 Revisiting the Fee Schedule

Latrina Walden

Meet Latrina Walden. She is a nurse practitioner, educator, business owner, and former healthcare administrator. a healthcare administrator turned nurse practitioner. Her approach to business and education is different in that she came to nursing from that background of being a healthcare administrator is a highly regulated and understaffed area of healthcare.Listen in to this episode to hear her words of wisdom for those who seek to start their businesses. Or if you prefer, you can catch this episode on YouTube as well.You can also find this episode on our blog, where you can leave a comment and join in on the conversation. 

Meet Latrina Walden. She is a nurse practitioner, educator, business owner, and former healthcare administrator. a healthcare administrator turned nurse practitioner. Her approach to business and education is different in that she came to nursing from that background of being a healthcare administrator is a highly regulated and understaffed area of healthcare.Listen in to this episode to hear her words of wisdom for those who seek to start their businesses. Or if you prefer, you can catch this episode on <a href="https://youtu.be/cZ3J-dSTA6o" rel="nofollow" target="_blank">YouTube as well</a>. You can also find this episode on our <a href="https://npbusiness.org/walden" rel="nofollow" target="_blank">blog</a>, where you can leave a comment and join in on the conversation.

049 Latrina Walden on Business and Education

A solid financial policy will do wonders for your practice. It will guide you and your staff as well as your patients on how to do business with your practice. It can help stabilize your cash flow. And it can keep you in compliance.In this episode of the NP Business Matters podcast Barbara talk's about:Why this is one of the very first policies a practice needs to create.The difference between policies and procedures.Why you don't need to start with a blank page and what you can do instead.The importance of customizing the policy to your practice.Questions you want to ask before you start to create your policy.In addition, she takes several side steps with additional information you need to successfully run your own practice.This is an information-packed episode and you will likely want to listen to this episode more than once, and take notes along the way. And if you are already an NPBO™ Member, you'll find a download of all the questions covered in the billing and financial section of your Member's portal.Show notes for this episode are at https://npbusiness.org/financialpolicy

A solid financial policy will do wonders for your practice. It will guide you and your staff as well as your patients on how to do business with your practice. It can help stabilize your cash flow. And it can keep you in compliance.In this episode of the NP Business Matters podcast Barbara talk's about:<ul><li>Why this is one of the very first policies a practice needs to create.</li><li>The difference between policies and procedures.</li><li>Why you don't need to start with a blank page and what you can do instead.</li><li>The importance of customizing the policy to your practice.</li><li>Questions you want to ask before you start to create your policy.</li></ul>In addition, she takes several side steps with additional information you need to successfully run your own practice.This is an information-packed episode and you will likely want to listen to this episode more than once, and take notes along the way. And if you are already an NPBO™ Member, you'll find a download of all the questions covered in the billing and financial section of your Member's portal. Show notes for this episode are at <a href="https://npbusiness.org/financialpolicy" rel="nofollow" target="_blank">https://npbusiness.org/financialpolicy</a>

How to Create a Financial Policy for Your Practice

Today I’m talking about the pros and cons of taking insurance vs having a cash-only practice. While this is just an overview, the goal is to give you some things to think about. One is not inherently better than the other. This is a question that comes up frequently in our FB group and many of the answers lack the depth needed to make an informed decision. Other questions expose some of the struggles and unmet expectations of newer practice owners. Like many beliefs (insurance is all bad, cash is all good) there are pros and cons, myths and misconceptions on both sides of the aisle.Do you have a preference? Which of these practice models has worked out best for you? What problems have you found with one or the other?  I look forward to hearing your thoughts and questions about this episode on the show notes.https:npbusiness.org/insurancevscash

Today I’m talking about the pros and cons of taking insurance vs having a cash-only practice.  While this is just an overview, the goal is to give you some things to think about. One is not inherently better than the other.  This is a question that comes up frequently in our FB group and many of the answers lack the depth needed to make an informed decision. Other questions expose some of the struggles and unmet expectations of newer practice owners. Like many beliefs (insurance is all bad, cash is all good) there are pros and cons, myths and misconceptions on both sides of the aisle. Do you have a preference? Which of these practice models has worked out best for you? What problems have you found with one or the other?  I look forward to hearing your thoughts and questions about this episode on the show notes. <a href="https:npbusiness.org/insurancevscash" rel="nofollow" target="_blank">https:npbusiness.org/insurancevscash</a>

#46 Cash vs Insurance Based Practices - Pros and Cons

Katy Searle

What is it like to own your own practice in rural Idaho? Meet Katy Searle, FNP-BC. She practices primary care and rheumatology in a town of just over 400 people. The successful practice she has built has brought people from all around.But, it wasn't always this way. And in fact, when she wanted to purchase the practice from the owners that saw it as a losing proposition, they all but laughed in her face.However, she rose up and met the challenge!Listen in as we talk more about challenges, obstacles, getting healthy and so much more.https:/npbusiness.org/rural-idaho

What is it like to own your own practice in rural Idaho? Meet Katy Searle, FNP-BC. She practices primary care and rheumatology in a town of just over 400 people. The successful practice she has built has brought people from all around.But, it wasn't always this way. And in fact, when she wanted to purchase the practice from the owners that saw it as a losing proposition, they all but laughed in her face.However, she rose up and met the challenge!Listen in as we talk more about challenges, obstacles, getting healthy and so much more. <a href="https:/npbusiness.org/rural-idaho" rel="nofollow" target="_blank">https:/npbusiness.org/rural-idaho</a>

Episode #45 Rural Primary & Rheumatology Practice with Katy Searle

Functional Medicine practices are very popular among nurse practitioners. In today's episode of the NP Business Matters Podcast, I speak with Erin Bagshaw, NP, who believes the future of primary care is functional medicine.Erin's practice was established in 2004 and was the first NP-owned primary care practice in the Washington, DC area. She discusses:the growth and evolution of her practicebringing in specialtiestransitioning from an insurance-based practice to a fee-for-service practicedoing functional medicine the right way.As a bonus, we have a short discussion of things to ask, especially if a new graduate, during a job interview.https://npbusiness.org/functional-medicine

Functional Medicine practices are very popular among nurse practitioners. In today's episode of the NP Business Matters Podcast, I speak with Erin Bagshaw, NP, who believes the future of primary care is functional medicine.Erin's practice was established in 2004 and was the first NP-owned primary care practice in the Washington, DC area. She discusses:<ul><li>the growth and evolution of her practice</li><li>bringing in specialties</li><li>transitioning from an insurance-based practice to a fee-for-service practice</li><li>doing functional medicine the right way.</li></ul>As a bonus, we have a short discussion of things to ask, especially if a new graduate, during a job interview. <a href="https://npbusiness.org/functional-medicine" rel="nofollow" target="_blank">https://npbusiness.org/functional-medicine</a>

Episode #44 Functional Medicine in Primary Care

Ellen Harris

Every business needs to address a problem, and that is just what Ellen Harris, FNP did when she created the nation's first NP Hospitalist group.More at https:/NPBusiness.org/hospitalist

Every business needs to address a problem, and that is just what Ellen Harris, FNP did when she created the nation's first NP Hospitalist group. More at <a href="https:/NPBusiness.org/hospitalist" rel="nofollow" target="_blank">https:/NPBusiness.org/hospitalist</a>

#43 NP Hospitalist with Ellen Harris

NP Business Matters Podcast

The best philosophy podcast episodes. Asking questions about how to live a better life, what it means to be and do good, to the idea of God. This topic includes episodes that bring about important questions that everyone should be asking themselves. Add episodes you're interested into your queue below!

Best Episodes on Practical Philosophy & How To Live

The best podcast episodes on Startups. For anyone working in a startup, or anyone interested in the incredible stories behind how people built companies like Instagram, and Facebook. Offering both practical advice and insights, as well as the stories for how many of the biggest startups got to where they are today. Add episodes you're interested into your queue below!