Pending Contract

Nurses Entrepreneurs

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Specializes in Med/Surg, Geriatrics.

Well I've been accepted as a vendor at one of the hospitals here in Atlanta. According to the person that I talked to, the contracts will be mailed out at the end of the year and if I agree to the terms, I will be considered a working vendor. I have to wait until the end of the year because that is when their fiscal year ends and the new contracts are signed. But it's a done deal on their part, it is up to me to decide if I want in or not. Woo-hoo!

Sharon! I am thrilled for you! YOU deserve only the best for all your hard work. I bet they liked the fact that you are Board Certified!

Tell us.. how long did it take to negotiate the contract? Did NNBA help with it at all?

Congratulations!

:biggringi :balloons: :balloons:

B.

Specializes in Med/Surg, Geriatrics.

Bonnie, this is what happened:

I contacted the director of staffing at this particular hospital. I was directed to the purchasing department who then e-mailed me the paperwork. It was non-specific paperwork that any outside vendor who wishes to do business with the hospital sends in. Once I mailed it in with a copy of my business license, they sent me a letter telling me that I had been accepted as a master vendor. I spoke to a woman at the hospital and she said that the contract would be mailed to me at the end of the year and if I agreed to the terms then I would then be considered a "working" vendor and I could sign up for shifts. I should point out that this is in the local county hospital and since they are a government agency, they apparently do things a little differently. There really is no negotiation; everyone gets the same rate which the last I heard was ~$48/hr. This happens to be the average going rate for the private hospitals in the Atlanta area also so it's fair.

Sharon:

I am so happy for you... all your hard work.. heh I am gonna try that! You go girl!

Have you worked at this facility before? The one complaint I have heard is that the facility may pay late; it will be interesting to hear your feedback.

Thanks for letting us know.

Congratulations Sharon... :balloons: :balloons: you deserve only the best... :balloons: :balloons:

Let us know how you are doing..

Bonnie:

Sharon:

Did you Incorporate? What about workers comp? Do you have a good bookeping method?

Bonnie

Specializes in Med/Surg, Geriatrics.
Originally posted by nightngale1998

Sharon:

Did you Incorporate? What about workers comp? Do you have a good bookeping method?

Bonnie

1.Bonnie, I chose LLC but I filed two forms to be treated as an S corp tax wise.

2. In Georgia, workers comp is required only if you have 3 or more employees so I don't have it.

3. My sister is an accountant, and she has recommended that I use Quickbooks. I haven't set it up yet because I haven't had any income but she is going to help me when I do.

I also wanted to thank you for your support and friendship on this matter, B. It has meant so much to me!:)

And I you.....

Sharon,

What is a vendor? What will you do at the hospital? It sounds like you will be selling something. Like a vending machine. Ha Ha!

Ha Ha.. Micke.. It is a term the facilities often use to refer to those businesses who have contracts to utilize nonhospital employees such as PRN Nurses or Travel Nurses.

I am now attempting to become a vendor at some facilities... My business entity will then pay me my salary... That way, among other reasons, I get more tax break and have more control... and when I say my boss is riding me too hard.. well....

B. :roll

Thank you for thexplanation B. Learn something new everyday. Are you a corporation? Are you teaching CPR yet?

I just registered my corp. I have not declared what type with the IRS yet.. It looks like an S Corp will work best for my situation.

Been dabling with the CPR but no income yet. I did a volounteer project this week at my sons school. I hope to get that going sometime in the next few months (as far as an income of sorts).

The per diem thing seems to take up a lot of my energy. I am trying to contract with facilities in my area and there are lots to choose from in reasonable driving distance.

How you doing Micke?

Specializes in Med/Surg, Geriatrics.

Micke, Bonnie nailed it about the term "vendor". Yes, please tell us how it's going for you. I wish all of our budding entrepreneurs would give us a status report.

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