How to Start an Independent Practice: The Nurse Practitioner's Guide to Success

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Product Description

This practical, user-friendly, easy-to-read resource manual takes the mystery out of setting up a nurse practitioner practice - from planning through start up, to marketing, customer service and all that goes into the daily operation of a nurse practitioner business. It contains all the necessary practical topics and basic how to's, including coaching and consulting advice and ideas, leadership tips, how to work with physicians as well as dozens of forms to help you 'manage' your practice including forms for completing a self-assessment of personal skills, strengths and weaknesses, and understanding the basics of research as well as necessary documents to use with patients, insurance companies and internally. It includes advice on how to set up and manage an ethical practice; manage patients, staff, finances, scheduling and more. This book will help students and practicing nurses build a solid foundation toward a successful and thriving practice. Fills a niche for the entrepreneurs in the health care nurse practitioner profession.

How to Start an Independent Practice: The Nurse Practitioner's Guide to Success Review

In my opinion, this book, along with Nurse Practitioner's Business Practice And Legal Guide are absolute "must-have" references for any nurse practitioner starting a private practice (and good to have for those already in private practice as well).

I had originally bought a few general "Starting your own business" type guide books and all fell short and were disappointing. Most were just a survey or very superficial overview more appropriate for folks dreaming about starting a business and wondering what is involved, but just not comprehensive enough for the serious individual actively starting up a new business. I gave up on finding a good reference book and ended up consulting an attorney and a CPA to have the questions answered that I needed regarding business structure, various legal issues and tax concerns. Shortly thereafter I found and bought this book and I really wish I'd found it before spending the money to consult the attorney and CPA as a good portion of my questions to them were covered in this book.

Here is a general outline of what the book covers:

Section 1: Before you start your practice
Ch 1 - Personal considerations: should I start an independent practice
assessing the demands
characteristics of business success and failure
the significance of research and planning
creating your niche
establishing a plan of action
the positives and negatives of independent practice

Ch 2 - The professional nurse practitioner: am I really ready?
professionalism defined
professional presence
resume vs. CV
scope of practice
continuing ed
national certification
serving as a mentor or preceptor
NP organizations
NP journals

Ch 3 - Analyzing the potential of your business: can I really do this?
defining your practice
estimating your start up costs
estimating your income
weighing it all out
financing your venture
preparing a business plan
the form or structure of your business
market analysis
legal and financial considerations

Each chapter is in-depth and well defined as above. It'd be too long to continue to write them all out, so here are just the chapter headings from there forward - just know they are of equal depth and breadth...

Section 2 Designing your practice
Ch 4 - Business strategies and development: how do I start a practice
Ch 5 - Collaborative relationships: how do I develop this relationship?
Ch 6 - Patient payments: how much do I charge and how do I collect?
Ch 7 - Negligence and liability: defensive medicine?
Ch 8 - Hospital privileges: do I really need them?
Ch 9 - Prescriptive privileges: do I really need them?
Ch 10 - Medical records: how do I set up my charts?
Ch 11 - Marketing yourself and your practice: how do I get the word out?
ch 12 - Managing the finances: how do I do it?
Ch 13 - Managing employees: who's the boss?
Ch 14 - patient communication: keep them happy
Ch 15 - Increasing the revenues: how can we make more money?
Ch 16 - Technologies used in practice: Do I really need to buy new stuff?
Ch 17 - Selling the practice: How?
Ch 18 - Conclusions and recommendations: Should I really do it?
Index

As you can see this book is pretty comprehensive and covers a good portion of what you need to know to get started. I suggest you pair it with the Buppert book I mentioned above, as that has a much stronger legal perspective and I think you'd be pretty comprehensively informed between the two. I have found them both invaluable during the process of starting up my private practice.

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