Marketing feels daunting to many nurse practitioners. Afterall, you have your hands full with seeing patients and running your practice. And yet, it’s essential in order to have the patients that make this all worthwhile. In this episode of the NP Business Matters podcast, we discuss the first and most important things NPs want to do when marketing their practices. All before spending a dime or hiring anyone. Such as finding your ideal patient, identifying the benefits of you and your practice, ...
Dec 05, 2024•34 min
Do you ever wonder about Direct Primary Care? Judging by the questions we receive at NPBO about this, chances are good you have. On Episode #96 of the NP Business Matters Podcast, we speak with Dr. Penni Vashon, DNP, APRN of Charleston, SC, about DPC practices. What is DPC? Pros and Cons of DPC practice? Who are they for, and who are they not for? And we will learn more about the first DPC conference specifically for NPs and PAs being held February 7-9 in Charleston! Find us on Social: Facebook:...
Nov 17, 2024•31 min•Ep. 96
If you were presented with the idea of having a scribe do all your documentation, would you do it? If you are like most healthcare providers, you would jump up and down for the opportunity. Documentation is the least favorite activity for nearly all providers. Enter the healthcare AI (Artificial Intelligence) scribe. It’s a tool that can save you hours and allow you to focus on the patient in front of you. It’s a tireless worker who understands (or should understand) privacy. It’s non-intrusive....
Aug 30, 2024•20 min•Ep. 95
As nurse practitioners (NPs), we often find ourselves navigating a complex relationship with collaborating physicians. While collaboration is essential for optimal patient care, the requirement for formal collaboration agreements in some states has sparked debate within our profession. Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness...
Jul 19, 2024•32 min
When thinking about business, the vast majority of nurses and nurse practitioners start with the idea of doing something that utilizes the professional skills they have developed. That makes sense, you spend years getting your education and developing your skills and talents, why not use them? And use them you can...though perhaps in different ways. On this episode of the NP Business Matters podcast, have a chat with Sharon Burch. Her history in nursing is long and varied, but it's always had a ...
Jun 13, 2024•39 min•Ep. 92
HIPAA violations don't just happen to large corporations and small practices are being increasingly evaluated for breaches. Here are the 5 most common violations experienced by small practices and their consequence. Full show notes --> NPBusiness.org/91 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness...
May 03, 2024•15 min•Ep. 91
Have you ever wondered what goes on side the NPBO Private Community? Let's take a look. Show notes at NPBusiness.org/90 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness
Apr 20, 2024•28 min•Ep. 90
We all want to understand coding better, right. In this episode, I talk with Alicia Scott, CPC, CPC-I, CRC about how better coding helps us and our businesses. Check it out, and the show notes and links at https://NPBusiness.org/89 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness
Apr 04, 2024•49 min•Ep. 89
Do you have a fair amount of outstanding patient balances and difficulties collecting? Well, you’re not alone. It’s common, particularly in small practices, to struggle with collecting money from patients. Most patients never blink an eye when asked for their co-pay, deductible, or other balances. They do everything they can to pay on time and in full. But there seem to be a few who just don’t want to pay… ever. It’s the 80/20 rule at work… 80% (or more) pay every time, but 20% of patients (or f...
Mar 16, 2024•24 min•Ep. 88
Lots of questions have been coming my way about the CTA and filing your Beneficial Ownership Information. Who is this for, why, when and what. I recorded this originally as a video which you can see on our blog or on our YouTube Channel. Bottom line is if you have a business...this is for you. https://npbusiness.org/87 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness...
Jan 18, 2024•13 min•Ep. 87
One of the few things we want to face in our business is that employees will steal from the practice. Afterall, we are there to provide a service to the community, so who would steal? On average, practices that experience this, lose approximately $450,000 a year! In this episode of the NP Business Matters Podcast, we'll talk about what is going on, who is doing it, and things you can to to protect your business. We'll close with some suggestions on what to do when it happens to you. Plus we shar...
Nov 30, 2023•32 min•Ep. 86
Everyone, including healthcare workers, are targets for fraudsters. Learn tactics scammers use and gain the knowledge to protect yourself, your license, and your practice. Don’t be a victim. Stop by https://npbusiness.org/85 and share your story, plus get links to the resources mentioned in the podcast. Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness...
Nov 16, 2023•39 min•Ep. 85
Collaboration Issues continue to plague Nurse Practitioners. How can you avoid some of the problems, pitfalls, and issues? Listen to learn more. https://NPBusiness.org/84 for all the resources and leave your comment! Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness
Oct 26, 2023•30 min•Ep. 84
Have you ever wondered what success tips nurse practitioner business owners would share with you? Well, here they are. I recently asked Nurse Practitioner business owners to share some of their top success tips for those who are thinking about starting and growing their own practices. So in this episode of the NP Business Matters podcast, I blend their tips with several of my own. Visit the show notes at NPBusiness.org/83 for links to all the resources mentioned. Find us on Social: Facebook: htt...
Oct 06, 2023•38 min
Purchasing a practice is one way in which nurse practitioners and other clinicians will start a practice. However, unless you approach it with eyes wide open and the appropriate professionals at your side, you may find it was not the wisest of choices for you. In episode #82 of the NP Business Matters podcast, I discuss 12+ key considerations worth paying attention to when you are considering purchasing a practice that is for sale, as well as what to consider when are asked to take over or inher...
Sep 22, 2023•24 min•Ep. 82
If you are not sure if you are an independent contractor or not, don't worry, you are not alone. Employment laws are not always clear, and as I examine both the IRS 20-point checklist as well as the ABC rules which should simplify things, you'll see that for Nurse Practitioners, it's full of grayness. Here's what to do next: Share this important episode with your colleagues Be sure and head over to https://npbusiness.org/81 for the full show notes, resources, and visuals. Once on the blog, share...
Sep 02, 2023•33 min•Ep. 81
The healthcare landscape is evolving, with nurse practitioners (NPs) pioneering a diverse range of practice models, from insurance-billing entities to cash-only ventures. Amid these choices, a pivotal question emerges: What's the significance of a corporate National Provider Identifier (NPI-2) for NPs, irrespective of their billing approach? Show Notes: https://npbusiness.org/80 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barba...
Aug 17, 2023•18 min
Just what is analysis paralysis and how can it sabotage your practice startup? Analysis paralysis refers to the state of overthinking, and excessive analysis to the point where moving forward is quite difficult. The choices and decisions can be endless, and in the end, we are fearful of being wrong in our choices. This is not something that affects only Nurse Practitioners - it can affect all humans. We've been educated and trained to be "right" since we were young children. And certainly, our w...
Jul 21, 2023•24 min•Ep. 79
Just thinking about getting audited puts some practice owners in a state of panic. Why would someone audit me? What could they be looking for? What if they find something? What if I made a mistake? What could happen to my practice? How can I prepare for an audit? These might be just some of the thoughts that worry them. So… best to meet the medical audit monster head-on and look it squarely in the eye. Because things we're not familiar with tend to intimidate and scare us. But, once we have even...
Jul 06, 2023•14 min•Ep. 78
Professional liability insurance, also known as malpractice insurance, is a crucial component of protecting nurse practitioners (NPs) in their practice. Whether you're a business owner or employed by someone else, having your own policy is essential. Even if your employer provides coverage, it's important to evaluate the terms as it often prioritizes the interests of the business. In this episode (#77) of the NP Business Matters podcast, we discuss the need for NPs to have their own insurance to...
Jun 14, 2023•33 min•Ep. 77
Job Hunting Dos and Don'ts: Essential Advice for New Graduate (and Seasoned) NPs It's not infrequent that I receive questions from new and recent grads about starting a practice because they cannot find a job and they want and need to work. While I also get those questions from seasoned NPs, it's more concerning from those with little to no experience. In this episode of the podcast, I speak with Renee Dahring, APRN, FNP, FAANP, the owner of NPCareerCoach.com about what NPs can do to better thei...
May 24, 2023•57 min
The advertisements sound great to patients. Providers often think Medicare Part C, or Advantage plans are just like Medicare. But they are not. Listen in to learn more as Barbara Phillips asks several questions of reimbursement expert, Don Self. The Video interview is also available on our blog (link below) and on the @NPBusiness YouTube channel. https://npbusiness.org/75 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphil...
May 10, 2023•28 min
First of all, Happy Nurses Month. Make no mistake, you do indeed make a difference for us all. As a veteran nurse, I'm sharing my thoughts. Take and listen, and then share your thoughts at NPBusiness.ORG/74 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness
May 02, 2023•12 min•Ep. 74
In this episode of the podcast, Don Self and I discuss out-of-network billing including: The differences between in-network and out-of-network billing, as well as the advantages and disadvantages for providers and patients. The importance of understanding the patient's insurance policy, setting fees accordingly, and choosing whether to file the claim as assigned or not assigned. The patient's right to waive their insurance and pay cash, and the importance of having patients sign a waiver if they...
Mar 09, 2023•11 min
Do you ever get requests to provide medical treatment for friends, family, or staff? Many providers get that on a regular basis, in the office, and at social and sports events. But the question is, should you? This episode of the NP Business Matters podcast was inspired by an NPBO™ Member who was looking for a policy on treating staff in her practice. This question comes up not infrequently on social media as well. The answer to this question is not easy and one needs to take into consideration ...
Feb 28, 2023•18 min•Ep. 72
Owning a nurse practitioner practice can be both rewarding and challenging. While providing high-quality care to patients is always the top priority, increasing revenue is also essential to keep the practice running smoothly. For nurse practitioner practice owners who are looking to boost their income, there are several strategies they can implement to achieve their goals. Whether it's increasing Relative Value Units (RVUs), expanding services, improving patient retention, or becoming more effic...
Feb 21, 2023•31 min•Ep. 71
Looking for the perfect CPA for your nurse practitioner practice? This episode of the NP Business Matters podcast gives you tips and advice on finding the right professional to help you navigate the complex financial landscape of your practice, from choosing the right business structure to ensuring your taxes are filed correctly. Learn what to consider when selecting a CPA, including their experience working with medical practices, certifications, references, fees, and more. Discover what questi...
Feb 14, 2023•21 min
The whole idea of having non-participating provider status with Medicare is because it looks like you will not lose as much in revenue. But let's look more closely at this from the perspective of the Nurse Practitioner. Show Notes & Video: https://npbusiness.org/69 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.com/barbaracphillips YouTube: https://YouTube.com/NPBusiness...
Feb 01, 2023•11 min•Ep. 69
When it comes to medical equipment, the cost is a major factor to consider. Used medical equipment can be an excellent option for nurse practitioners just getting started in their own practice as well as established practice owners. In this episode, I talk about the upside of purchasing used medical equipment, what to look for and where you might find it. Show notes @ npbusiness.org/68 Find us on Social: Facebook: https://www.facebook.com/NursePractitionerBusiness Instagram: https://instagram.co...
Jan 24, 2023•17 min•Ep. 68
California passed a law, AB-890, effective January 1, 2023, giving NPs in their state more autonomy than they previously enjoyed. It’s being implemented in a stepwise fashion. And like many laws, it’s rather confusing for everyone involved. On January 12, 2022, NPBO was lucky enough to host a webinar with Melanie Balestra who is a nurse practitioner and an attorney in California, where she spent nearly 2 hours answering questions. This is that recording. To find all the resources mentioned as we...
Jan 13, 2023•1 hr 51 min
