Functional Medicine practices are very popular among nurse practitioners. In today's episode of the NP Business Matters Podcast, I speak with Erin Bagshaw, NP, who believes the future of primary care is functional medicine.

Erin's practice was established in 2004 and was the first NP-owned primary care practice in the Washington, DC area. She discusses:

• the growth and evolution of her practice
• bringing in specialties
• transitioning from an insurance-based practice to a fee-for-service practice
• doing functional medicine the right way.

As a bonus, we have a short discussion of things to ask, especially if a new graduate, during a job interview.

https://npbusiness.org/functional-medicine

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Every business needs to address a problem, and that is just what Ellen Harris, FNP did when she created the nation's first NP Hospitalist group.

More at https:/NPBusiness.org/hospitalist

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Nurse Coaching is a very popular topic for both nurses and advanced practice nurses. Many Nurse Practitioners look forward to incorporating these skills into their existing practice, while others look to build a business around nurse coaching.

On this episode of the NP Business Matters Podcast, we speak with Lyn McCright, RN, APRN, MPH, AHN-BC, HWNC-BC, and Teresa Walding, RN, BSN, NC-BC from Advancing Nurse Coaching.

One of the principles that are foundational in the work they do and teach is resilience - for both the nurse coach and the client.

Listen in, and then check head over to the show notes for more episodes on coaching, as well as the resources they have shared with us all.  https://npbusiness.org/nursecoaching

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Not many people want to talk about business planning, and yet it's crucial! We already know the majority of businesses fail. A business plan, however, can give you a leg up and help put you on the path of business success.

Visit npbusiness.org/bizplan for the show notes and all the resources I talk about and more.

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Choosing which EHR to invest in is a big decision. 

It cost money in terms of dollars as well as the time it takes to master the software. It can affect your practice and your workload. And if you don’t like the one you started with, it’s not exactly a walk in the park to switch to another one. 

In this episode of the NP Business Matters podcast, I talk about the criteria the Institute of Medicine published for EHRs. In addition, I talk about CMS and the 21st Century Cures Act Final Rules.

Plus we'll discuss how you can create your own criteria when choosing the best EHR for your practice.

You'll find the show notes and lists on the show notes.

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Not a day goes by that I don’t hear from a nurse practitioner who wants to start a practice on weight loss. Obviously there is a great need for this and many ways to to approach this.

Meet Karli Burridge, PA-C, MMS, FOMA who has a passion for obesity management. She talks about the complexity of obesity and how it affects almost every system of the body. Karlie has started programs within other practices and hospital services. 

Whether you want to add more obesity management to your practice, or look at this as a specialty practice, you’ll want to listen, and look at these and other resources.

Show notes, resources - https://npbusiness.org/obesity-management/

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Nurse Practitioners are pretty excited at the aspect of having their own practice in that’s true more so today than ever before especially since more states are opening up to full practice authority. 

Sometimes what happens though, Is in our excitement we tend to rush into things. And this is where we run into trouble. So on today’s podcast I’d like to go over some of the most common mistakes that I see with clinicians starting up their own practice.

Mistakes to Avoid

• Unseasoned clinicians starting a practice.
• Not having a clear picture of what you are doing, what you are offering.
• Ignoring both practice and business rules and regulations.
• Failure to fully understand scope of practice.
• Misinformation about FPA and practicing across state lines.
• Collaboration – understanding what it is and why as well as the rules in your state. Also, not having a written agreement and more than one CP, is a big mistakes.
• Thinking you don’t need a business plan.
• Financial illiteracy – not understanding the finances – cost, resources, revenues, statements and more.
• Waiting to market the practice. 
• Not starting your credentialing early enough 

Find the show notes at  https://npbusiness.org/are-you-making-these-common-mistakes/

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Nurses, nurse practitioners, and other healthcare providers are people first. And we sometimes come with the same stories that we see in our patients. Some of them are great, and others... not so much.

As healthcare providers, as business owners, we, for the most part, know we are more effective when we are at our best. Unfortunately, the stressors of life as well as the immense stress that is put on us all can create unhealthy behaviors.

Choosing Wellness is about overcoming some of those behaviors. It's about taking back our power. 

To me, choosing wellness is not only about being healthier, happier and wiser, but it's also about being a more effective clinician and a more successful business owner.

I was honored to speak once again with Eileen O'Grady about this very important book containing her personal narrative that can impact every one of us, as well as how we interact with our patients.

https://npbusiness.org/choosewellness/

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Lots of nurse practitioners in Michigan have asked about starting a business in their own practice. Unfortunately, according to the law, APNs cannot open their own practices.

The reasoning behind this has been confusing for many NPs. In this episode of the NP Business Matters podcast, we talk with Dr. Denise Hershey, PhD, FNP-BC, the current president of the Michigan Council of Nurse Practitioners about this issue and other issues affecting NP practice in Michigan.

https://npbusiness.org/micnp

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Today I’m talking about closing your nurse practitioner practice. Perhaps that sounds weird since I’m the one that teaches how to start a practice, get it operating smoothly, and then growing the practice.

However, there are a lot of reasons someone may want or need to close a practice, which I’ll mention in a bit. And it is a question we have received multiple times, so it’s time to talk about it more.  It can be a complex subject and of course, have many variables. But let’s take a look at it from a 10K foot level.

 
Show notes at https://npbusiness.org/close/

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