NP Business Matters Podcast

NP Business Matters Podcast

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…


September 2, 2023 32 mins

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...
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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:

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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 trai...

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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 no...

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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 ...

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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 Re...

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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.

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May 2, 2023 12 mins

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

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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 ...
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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...

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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), e...

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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 wit...

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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:

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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 @

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January 14, 2023 111 mins

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.

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September 8, 2022 63 mins

Not our usual topic of discussion, but an important one never-the-less - self-publishing.  Why? I've been advised for years that having your own book was something that all business owners should do, that it helps establish you as an expert in your field, and this idea is just as true for clinicians as it is with other types of business owners.

Since this is not my area of expertise, allow me to introduce you to my gu...

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Opting out of Medicare has caused a lot of confusion for NPs and other providers. Not understanding what it means can lead to problems & fines.

In this episode of the NP Business Matters Podcast (Episode #65) I address:

  • The Social Security Act and how that impacts providers.
  • When you can bill Medicare and when you don't have to.
  • What it means by opting out of Medicare.
  • Can you just refuse to see Medicare recipients?
  • Can I ju...
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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:

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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 i...

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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.

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