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Digital Seminar

Business Skills for Nurse Practitioners: Unleashing Your Entrepreneurial Spirit


Speaker:
Lynn M Rapsilber, DNP, ANP-BC, FAANP
Duration:
6 Hours
Format:
Audio and Video
Copyright:
Jan 16, 2024
Product Code:
POS078734
Media Type:
Digital Seminar

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Description

Unlock the full potential of your journey into entrepreneurship! The current business landscape presents an exciting opportunity for NP Entrepreneurs (NPE) to kickstart their ventures. However, the key to turning this opportunity into success lies in enhancing your business acumen. Our training recognizes the need for a transformative approach. As you embark on the path to business ownership, equip yourself with the essential skills to not only navigate but thrive. Can you identify your risk potential? Imagine seizing the reins of your destiny as your own boss. Join us for a session that goes beyond the conventional, guiding you to evaluate your readiness for risks, unravel challenges faced by NPEs at the outset, and discover empowering tools that pave the way for your entrepreneurial triumph. It's time to take that exhilarating leap into a future where your business dreams become a reality!

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Handouts/Brochure

Speaker

Lynn M Rapsilber, DNP, ANP-BC, FAANP's Profile

Lynn M Rapsilber, DNP, ANP-BC, FAANP Related seminars and products

NP Business Consultants,LLC


Lynn Rapsilber, DNP, ANP-BC, FAANP, is a GI NP caring for patients with a variety of GI conditions and runs the Hepatitis C clinic in her office. She is a co-founder of the National Nurse Practitioner Entrepreneur Network, a member service organization supporting NP start-up with resources and seasoned NP business owners with education, training and support to NP business owners. She has been teaching coding and reimbursement to APRNs for over 20 years. She has spoken at the local, state and national level disseminating valuable expertise in coding and billing for APRN services. She can make this difficult topic easy to understand. Lynn is the current co-chair of the CT Coalition of Advanced Practice Nurses, Past President of CTAPRNs. She is active in health policy issues including the recent removal of the written collaborative agreement for APRN practice in CT. She was the recipient of the Agnes Ohlson Diamond Jubilee award in recognition of her service to nurses in the political arena by the Connecticut Nurses Association. While a DNP student at Quinnipiac University, Lynn received the Benjamin and Juliette Trewin award for Professional Leadership in Nursing and recently received the Quinnipiac Transformational Nurse Leader Alumni Award. She is a Fellow in the American Association of Nurse Practitioners and serves on the Health Policy Committee and is the Health Policy Chair.

Speaker Disclosures:
Financial: Dr. Lynn Rapsilber is the owner of Owner NP Business Consultants, LLC. and NP Wellness Care, LLC. She is the CEO of National Nurse Practitioner Network. Lynn Rapsilber receives a speaking honorarium from Gilead. She previously received a speaking honorarium from Takeda Pharmaceuticals. She receives a speaking honorarium and recording royalties from PESI, Inc. All financial relationships with ineligible organizations have been mitigated.
Non-financial: Lynn Rapsilber is a member of the American Nurses Association and the Connecticut Advanced Practice Registered Nurse Society. She is a Fellow in the American Association of Nurse Practitioners and serves on the Health Policy Committee and is the Health Policy Chair.


Additional Info

Access for Self-Study (Non-Interactive)

Access never expires for this product.


Outline

  • Challenges in Healthcare Today:
    • Productivity demands, 15-minute visits
    • Work-life imbalance, corporatization, and fragmentation of care
    • Lack of respect, burnout
  • Nurse-led Healthcare Transformation:
    • Growing sustainable start-ups
    • Leveraging NP care model
    • Capitalizing on opportunities (e.g., Covid PHE)
  • Becoming a Market Disrupter:
    • Understanding disruption
    • Recognizing NPE potential
    • Learning from historical disrupters
  • Entrepreneurship Rewards:
    • Scheduling flexibility
    • Impactful mission and values
    • Innovative practice models
  • Getting Started:
    • Overcoming obstacles (fear, lack of knowledge, finances)
    • Turning problems into opportunities
    • Crafting Your Roadmap
    • Defining mission, vision, and goals
    • SWOT analysis for market understanding
  • Developing Your Business Plan:
    • Framing in nursing model
    • Ensuring fluidity and credibility
    • Knowing key numbers
  • Naming, Structuring, and Financing:
    • Choosing business type (LLC, etc.)
    • Keeping records, adhering to state laws
    • Financing on a budget
  • Practice Authority and SOP:
    • Understanding variations
    • Collaborative physician, prescription freedom
  • Choosing Your Practice Type:
    • Options: Brick and Mortar, Telemedicine, etc.
    • Crafting Mission and Vision Statements
    • Defining impact for present and future
  • Setting Up Budget and Profit/Loss:
    • Income sources, categorizing expenses
    • Importance of budget reviews
  • Assembling and Leading Your Team:
    • Hiring based on mission and goals
    • Setting guidelines, team goals
  • Value-Based Payment Models:
    • QPP, MIPS, and Advanced APMs
    • Enrolling, participating, and timeline
  • NP Visibility and Opportunities:
    • Side hustles, speaking engagements
    • Involvement in health policy and societies

Objectives

  1. Describe the type of individual it takes to own a business.
  2. Discuss the rewards and challenges faced in starting a new business.
  3. Identify key elements in addressing success and sustainability of a business or practice.

Target Audience

  • Nurses
  • Nurse Practitioners

Reviews

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