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The APRN as Entrepreneur: Issues in Nursing
Introduction
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Demand for healthcare grows;
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Hospitals cannot provide services to all people;
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Nurse practitioners can help;
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Independent nursing practice is the solution
Business Plan and Budget Plan
The goal is to pay off a 200 000$ bank loan at 8% interest rate within 10 years
The projected monthly income is 81 000$.
Monthly loan payment 2 426$.
SWOT, Marketing, Other Issues
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Strengths: lack of authority, demand for healthcare;
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Weaknesses: potential deficit of customers, implementation of quarantine measures;
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Opportunities: expansion of services, larger market coverage;
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Threats: deficit of supplies, necessity to cooperate with hospitals;
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Marketing audience: middle-aged people with Diabetes;
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Key stakeholders: people with diabetes, hospitals, nurse practitioners
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Reimbursement: Medicaid
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Insurance issues: malpractice possibility
Employment Contract
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The salary constitutes 80 000$;
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Vacation: 2 weeks (years 1-2), 3 weeks (years 3+);
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Insurance needs: NSO insurance;
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Professional Development: annual clinical competence program;
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Subscription: Journal of Advanced Nursing;
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Workweek: Monday Friday;
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Workday: 9 am -5 pm.
Employment Considerations
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Nurse practitioner has to be a citizen of the United States and a tax resident;
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Ethnicity, social status, and affiliation do not influence the hiring decision;
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Nurse practitioner has to be qualified and competent enough to deliver required services
Conclusion
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Strengths: lack of authority, demand for healthcare;
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Weaknesses: potential deficit of customers, implementation of quarantine measures;
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Opportunities: expansion of services, larger market coverage;
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Threats: deficit of supplies, necessity to cooperate with hospitals;
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Marketing audience: middle-aged people with Diabetes;
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Selling points: accessibility, lack of administrative barriers, individual approach
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Key stakeholders: people with diabetes, hospitals, nurse practitioners
References
Baten, R. B. A., & Wehby, G. L. (2022). Effects of the ACA medicaid expansions on access and health by nurse practitioner scope of practice laws. Nursing Outlook, 70(2), 228-237. Web.
Bischof, A., & Greenberg, S. (2021). Post COVID-19 reimbursement parity for nurse practitioners. OJIN: The Online Journal of Issues in Nursing, 26(2). Web.
Heuer, B., Cavender, J. D., Lofgren, M., & Dihigo, S. (2019). NAPNAP Position Statement on Malpractice Insurance for Nurse Practitioners. Journal of Pediatric Health Care, 33(4), 11-13. Web.
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