APA FORMAT, WITH REFERENCES AND CITATIONS; 2-3 PAGES

Business Plan Development

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 (owning a private practice)
• Estimate monthly cost for establishing your own independent practice in Texas, 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

  References

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

  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). Appendix 11-C: Sample NP Business Plan.
  In Nurse Practitioner’s Business Practice and Legal Guide (5th ed.). (402-416). Burlington, MA: Jones & Bartlett.

  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.

  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.
  

  Kao, Y. S. (2015). Nephrology advanced practice registered nurse health policy: Where are we? What is our future?
  Nephology Nursing Journal, 42(3):289-93.

  Kostas-Polston, E. A., Thanavaro, J., Arvidson, C., & Taub, L. M. (2015). Advanced Practice Nursing: Shaping Health Through Policy.
  Journal of the American Association of Nurse Practitioners, 27(1), 11-20. doi:10.1002/2327-6924.12192