3 Steps to Protect your Practice

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.

It’s hard to be anywhere today and not hear about the problems of our world, and more especially, the problems our economy faces. Every day, we hear about prices going up, and more and more recently, I hear about NPs not being able to source supplies they use in their practices.

The uncertainty leads to many questions and even anxiety for those who are self-employed or considering joining their ranks.

So what can we do? We can get prepared.

In this episode of the podcast, I talk about 3 things you can do to prepare and protect your practices and businesses, not just during these uncertain times, but at all times.

Topic Resources

  • Payer Mix – discusses what is meant by payer mix as well as cost per patient
  • Cost to Start a Practice – has good info on the cost of creating and operating a business

More Resources

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Your Turn

I invite you to share your thoughts, ideas, and/or questions in the comments below.

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