Description
APA FORMAT, WITH REFERENCES AND CITATIONS; 2-3 PAGES
Business Plan Development
Elizabeth Jones, FNP-BC, has been an NP for 8 years. She has worked in the primary care setting, as well as the urgent care setting. She is considering relocating to a state that allows for unrestricted independent practice and opening her own primary care clinic. There are multiple benefits to owning an independent practice. However, owning a practice requires extensive knowledge and support. For an NP to establish independent practice, an appropriate plan must be developed. For this Assignment, you will create a Business Plan for your potential future business.
Write a 2-3 page paper Business Plan that addresses the following:
- Identify and explain your chosen business structure (owning a private practice)
- Estimate monthly cost for establishing your own independent practice in Texas, including:
- Clinical site expenses
- Employee structure and expenses
- Supplies
- Utilities and other overhead expenses
- Malpractice insurance
- Continuing education expenses
- Accounting fees
- Services identified that you will provide (e.g., primary care services, drug screens, DOT exams)
- Projected monthly income necessary to support your independent practice
References
American Association of Nurse Practitioners (2016). State Practice Environment. Retrieved from https://www.aanp.org/legislation-regulation/state-...Buppert, C. (2018). Nurse practitioner's business practice and legal guide (6th ed.). Sudbury, MA: Bartlett & Jones Learning.
- Appendix 11-A: A Checklist for Setting Up a Practice (pp. 383-394)
- Appendix 11-C: Sample NP Business Plan (pp. 400-412)
- Chapter 11, “Practice Ownership: Legal and Business Considerations for the Nurse Practitioner Owner” (pp. 353- 381)
Buppert, C. (2015). Appendix 11-C: Sample NP Business Plan. In Nurse Practitioner’s Business Practice and Legal Guide (5th ed.). (402-416). Burlington, MA: Jones & Bartlett.
Buppert, C. (2015). Practice Ownership: Legal and Business Considerations for the Nurse Practitioner Owner. In Nurse Practitioner’s Business Practice and Legal Guide (5th ed.). (315-383). Burlington, MA: Jones & Bartlett.
Ford, L. C.. & Gardenier, D. (2015). Fasten your seat belts - it’s going to be a bumpy ride. The Journal for Nurse Practitioners, 11(6), 575-577.
Kao, Y. S. (2015). Nephrology advanced practice registered nurse health policy: Where are we? What is our future? Nephology Nursing Journal, 42(3):289-93.
Kostas-Polston, E. A., Thanavaro, J., Arvidson, C., & Taub, L. M. (2015). Advanced Practice Nursing: Shaping Health Through Policy. Journal of the American Association of Nurse Practitioners, 27(1), 11-20. doi:10.1002/2327-6924.12192