NURS 6565 Week 9 Professional and Business Practice Essay Assignment

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NURS 6565 Week 9 Professional and Business Practice Essay Assignment

NPs may establish Independent Practice in multiple states and districts. States are currently categorized as either allowing full practice, reduced practice, or restricted practice. Full practice states allow NPs to evaluate, order diagnostics, diagnose, and treat patients and are licensed under the exclusive authority of the State Board of Nursing for the appropriate state. Many states may require prescriptive authority protocols in addition to collaborative agreement. Change is constant in this arena as NPs’ status as providers improves on a national level.

This week students will review the current status of NP Practice throughout the United States. Additionally, students will explore independent practice as NPs and the associated responsibilities of being business owners, as well as health care providers.

Learning Objectives

By the end of this week, students will:
  • Evaluate business structures
  • Create a business plan
  • Analyze costs associated with establishing independent practice

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
  • Estimate monthly cost for establishing your own independent practice in your home state, 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

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