For an NP to establish independent practice, an appropriate plan must be developed. Consider a private office in primary care practice and create a business plan. Identify and explain your chosen business structure
Estimate monthly cost for establishing your own independent practice in the state of AZ 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 https://www.aanp.org/legislation-regulation/state-legislation/state-practice-environment
Buppert, C. (2015). Appendix 11-C: Sample NP Business Plan. In Nurse Practitioners Business Practice and Legal Guide (5th ed.). (402-416). Burlington, MA: Jones & Bartlett. 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). Practice Ownership: Legal and Business Considerations for the Nurse Practitioner Owner. In Nurse Practitioners Business Practice and Legal Guide (5th ed.). (315-383). Burlington, MA: Jones & Bartlett.
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