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…

Episodes

June 13, 2024 39 mins

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. He...

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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: ht...
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April 20, 2024 28 mins

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
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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
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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 ...

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January 18, 2024 13 mins

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/NursePractitionerBusine...
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November 30, 2023 31 mins

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 busine...

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November 16, 2023 38 mins

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:...
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October 26, 2023 29 mins

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
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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 f...

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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, ...

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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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August 17, 2023 17 mins

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: ...
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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.


https://npbusiness.org/75


Find us on Social:

    ...
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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


Find us on Social:

  • Facebook: https://www.facebook.com/NursePractitionerBusiness
  • Instagram: https://instagram.com/barbaracphillips
  • YouTube: https://YouTube.com/NPBusiness
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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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