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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
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 New Jersey, including:
o Clinical site expenses
o Employee structure and expenses
o Supplies
o Utilities and other overhead expenses
o Malpractice insurance
o Continuing education expenses
o Accounting fees
o Services identified that you will provide (e.g., primary care services, drug screens, DOT exams)
o Projected monthly income necessary to support your independent practice
American Association of Nurse Practitioners (2016). State Practice Environment. Retrieved from https://www.aanp.org/legislation-regulation/state-legislation/state-practice-environment
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.
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.
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CONTENT:
Executive Summary
This business plan will cover the plans of Elizabeth Jones to start up her own independent practice in the state of New Jersey as a means of opening her own primary care clinic there. This will obviously require a lot of work, and in this plan, Jones wants to lay out her plans as to the initial set-up of her clinic, and the expenses associated with that (including the utilities and overheads which she deems necessary), as well as the expenses associated with taking on employees and providing for insurance and continuing education for all involved. This plan will also cover the services which Jones wishes to provide from her clinic.
Mission Statement
The purpose of this venture is to establish under partnership (Buppert, 2015, 353) a primary care clinic in New Jersey, in order to bring a variety of primary care services to the people who live near where the clinic is set up.
Hopefully, the clinic will be able to offer a variety of primary care services from the beginning of life as a
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