NP Business Matters Podcast

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...

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...

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 ...

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...

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 ...

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...

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...

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...

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.

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...

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...

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...

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/businessin...