Know Your Number: Payer Mix? Cost per Patient?

Nurse practitioner owned practices, well, all practices, need to understand these numbers in order to say on top of their financial viability.
Audio version @ NPBusiness.org/costperpatient
Starting April 14, 2022:
A Live (Online) NPBO™ Workshop: Essentials of Starting A Practice
NPBusiness.org/workshops
#Nurse Practitioners
#Nurse-Led Clinics
#NP-Owned Practice
#NPBO

[@tytiannabowman129]

You’re brilliant. Thank you!

[@NPBusiness]

Thank you so very much!

[@StayingKingdomMinded]

Love this and I’m so excited for the workshop, just signed up for more info!! Do u offer credential assistance as a service through ur company

[@NPBusiness]

Thank you! I'm looking so forward to this workshop myself! Re credentialing, no we do not offer this as a service. It's easy albeit, time-consuming, to do it yourself. You'll save all sorts of headaches not to mention thousands of $$! I do have a course that shows you how. www.clinicianbusinessinstitute.com/diy-credentialing

[@cynthiahamlin8059]

So what do you do if you need to decrease your medicare/medicaid population? Just say you have reached your panel size?

[@NPBusinessOwner]

Yes.

[@cynthiahamlin8059]

I was under the impression that you were obligated to take anyone and everyone who had insurance you were credentialed with. Is that true?

[@NPBusinessOwner]

If you are not an emergency room or hospital, or other agency that accepts federal funding in order to provide services to all comers, then you do not. You can always limit your practice size or the panel. (Of course, you don't want to discriminate on race, gender, religion, age, etc).