6565 9 ASSGN

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Business Plan Development

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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 busines

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Write a 2-3 page paper Business Plan that addresses the following:

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Identify and explain your chosen business structure

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

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Clinical site expenses

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Employee structure and expenses

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Supplies

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Utilities and other overhead expenses

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Malpractice insurance

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Continuing education expenses

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Accounting fees

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Services identified that you will provide (e.g., primary care services, drug screens, DOT exams)

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Projected monthly income necessary to support your independent practice

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References

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American Association of Nurse Practitioners (2016). State Practice Environment. Retrieved from https://www.aanp.org/legislation-regulation/state-legislation/state-practice-environment

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Buppert, C. (2015). Appendix 11-A: A Checklist for Setting Up a Practice. In Nurse Practitioner’s Business Practice and Legal Guide (5th ed.). (384-397). Burlington, MA: Jones & Bartlett.

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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.

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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.

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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.

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