Becoming Independent Nurse Contractor

  1. 0
    Hello everyone! I am so glad I found this forum. I have recently decided in becoming an independent nurse contractor, and I would love to get information of how to start, where to go...I have no clue and I am truly anxious to get the ball rolling. Can anyone give me some pointers, info, advice? Anything will be appreciated. Is anyone practicing this now? How is it going for you.

    THANX!
  2. 78,434 Visits
    Find Similar Topics
  3. 30 Comments so far...

  4. 0
    [SIZE=3]I work independent. There are many on this board that have good ideas in this area. One of the best things you can do is take the time to go through all the posts here in the Entrepreneurs section.
    Last edit by nightingale on Dec 10, '04
  5. 2
    Quote from BMOB
    Hello everyone! I am so glad I found this forum. I have recently decided in becoming an independent nurse contractor, and I would love to get information of how to start, where to go...I have no clue and I am truly anxious to get the ball rolling. Can anyone give me some pointers, info, advice? Anything will be appreciated. Is anyone practicing this now? How is it going for you.

    THANX!
    HI Welcome to the world of owning your own business/practice. I have been in a private practice since 1983. I really enjoy what it entails and offers. Yes, there are bumps along the way...but oh what fun!

    What area are you focused on?

    One good source of info is the NNBA NAtional Nurses inBusiness. A dynamic group of nurses who do what they love and love what they do.

    Reading references: Research setting up a consulting practice... it gives you the framework for what you are required to do. Also, check your state's web site for info on setting up a business in your state..same for your county.

    Network!!!! Check out any Women Business Owner groups... often times you can get great info there.... NABO National Association of Women Business Owners. The SBA is also great. They have an Executive (usually retired) who works with you as a business mentor... invaluable! Often times they also have business incubator program.
    Good Luck! and CARPE DIEM!!!!! Kathi
    Last edit by sirI on Nov 22, '08 : Reason: edited personal contact info
    NurseRies and CTNurse678 like this.
  6. 0
    Can you give more info as to what exactly you're talking about? Is it hiring yourself out similar to having your own agency? What exactly is an independent nurse contractor? Can you enlighten this newbie?
  7. 0
    Quote from futurenp
    Can you give more info as to what exactly you're talking about? Is it hiring yourself out similar to having your own agency? What exactly is an independent nurse contractor? Can you enlighten this newbie?
    An independent contractor is (in this case) a nurse that consults to another business or agency on a specific aspect of business. When you contract your services, you set up an agreement with the other party that you are providing your services to. You are not their employee. The IRS has specific criteria to determine if you are a tru IC on not. Be sure to check that aspect out and abise by those rules.

    An IC is also responsible for their own billing and colection of the fees. You are also responsible for paying your own taxes which inclue self-employment tax. When you set up a fee schedule for your services, be sure to include any and all overhead and your profit margin to arrive at your fees.

    I hope that helps a bit.
  8. 0
    Quote from kate912
    An independent contractor is (in this case) a nurse that consults to another business or agency on a specific aspect of business. When you contract your services, you set up an agreement with the other party that you are providing your services to. You are not their employee. The IRS has specific criteria to determine if you are a tru IC on not. Be sure to check that aspect out and abise by those rules.

    An IC is also responsible for their own billing and colection of the fees. You are also responsible for paying your own taxes which inclue self-employment tax. When you set up a fee schedule for your services, be sure to include any and all overhead and your profit margin to arrive at your fees.

    I hope that helps a bit.
    Can you help me with two questions I have? Please forgive me for being naive on the subject of an independent nurse contractor. The first one is I thought you had to be a NP in order to bill for your services. The second one is I'm contemplating becoming certified in wound care and like the idea of being self-employed. Is it possible to be an independent wound care nurse? If so-how do you go about marketing yourself? Thank you for any advice you offer because it will be more than I now.
  9. 3
    Hello:

    As a nurse you do have to be an NP IF you want to bill Medicare/Medicaid. BUT you do not have to be an NP to be an independant practicioner, consultant or to have a business.

    As to the wound care, I would encourage you to proceed, as it is a viable pathway for independant practice. Be prudent in how you achieve the speciality role and education. I will tell you that wound management is complex and it carries responsibility and risks for laibility. You will want and need to carry malpractice insurance that covers you as a specialist, not just an RN. This has to do with the scope of practice that you will be engaged in. I was the 93rd RN ET in 1979 to certify in wound care. It is a terrific career path and has opened doors for me that I would have never dreamed of. Go For IT!!!!!

    Let me know if you have other questions. I believe in fostering nursing and expanding horizons.
    Kathi
    Last edit by sirI on Nov 22, '08 : Reason: removed personal contact info
    ichu, Conqueror+, and lindarn like this.
  10. 0
    my concerns in being an ic is my tax obligation and what should I claim for. also, how do i estimate my income. i would truly like to sit with someone who is nurse/medical specific to help me
  11. 0
    Nice to have found this thread. I, too, am in the process of researching independent contracting to provide my services as an electrophysiology RN. Thanks to all for the helpful hints. Looking forward to learning more from you and sharing what I've learned as I get further through the process
  12. 0
    are there any agencies that partner nurses with clients?I'm having difficulty locating in NYC.


Top