Some ideas for those thinking about it..

Nurses Entrepreneurs

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One month after graduation from my BSN I "S corped" and formed a small company. FYI there are hundreds of medical products surgical/diagnositic/interventional that are not represented by major companies like J&J or Medtronic. Instead, they rely on distributors... these distrubutors then allow other people (who are themselves small business) to represent their products. One of my products was a time controlled pain pump for post hip replacement patients. I basically would visit orthopods in their office show and explain the device... they would say they wanted to try it... I then worked with the hospital to get a trial and the doc using the device. i made about 60K working 1-2 days a week. I have since went on to other thing but I just wanted to add that to this board. Also as another idea which is growing. If you are an RN, you can perform urodynamics for Urologists and OB/GYN. Most Urologist already have a machine and someone to perform this very basic test. However, most Ob/GYN do not but would like to. A urodynamic machine is about 5-10K. A decent urodynamic work up bills out to Medicare at $300-400. Do the math. In my exp, the OB/GYN will sign you up to do his/her patients for about 30% of that. do it only 1 day a week and agree with the GYN they must have 3 patients each time (trust me most GYN could probably get 3 times that every week) and your making over 62K (extra) a year. Oh also, sleep well at night because it is nearly impossible to hurt anyone doing urodynamics.

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Wow! Great information, thank you. Talk about handing it over on a silver platter!

Night :)

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One month after graduation from my BSN I "S corped" and formed a small company. FYI there are hundreds of medical products surgical/diagnositic/interventional that are not represented by major companies like J&J or Medtronic. Instead, they rely on distributors... these distrubutors then allow other people (who are themselves small business) to represent their products. One of my products was a time controlled pain pump for post hip replacement patients. I basically would visit orthopods in their office show and explain the device... they would say they wanted to try it... I then worked with the hospital to get a trial and the doc using the device. i made about 60K working 1-2 days a week. I have since went on to other thing but I just wanted to add that to this board. Also as another idea which is growing. If you are an RN, you can perform urodynamics for Urologists and OB/GYN. Most Urologist already have a machine and someone to perform this very basic test. However, most Ob/GYN do not but would like to. A urodynamic machine is about 5-10K. A decent urodynamic work up bills out to Medicare at $300-400. Do the math. In my exp, the OB/GYN will sign you up to do his/her patients for about 30% of that. do it only 1 day a week and agree with the GYN they must have 3 patients each time (trust me most GYN could probably get 3 times that every week) and your making over 62K (extra) a year. Oh also, sleep well at night because it is nearly impossible to hurt anyone doing urodynamics.

Thanks,

This is great information. If you don't mind me asking, what are you doing now instead of the above ideas? Do you have any other great ideas? I'm searching for something that will work in a town that is big on healthcare with 5 hospitals in a 3mile radius. Several of which are teaching institutions for physicians.

Thanks,

Kaffenoir

email:[email protected]

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Yeah, Strange enough I am back in direct nursing. I found a major hospital in Chicago that will pay for my going back to school. I certainly haven't lost the entrepreneural spirirt. I have a few things in the works but I am not sure how hard I want to pursue them. I hope to be starting in a Nurse Practitioner program here. Believe me I see a lot of poetential using this degree just as I did using my BSN/RN. I learned the true power of having an RN working directly for a medical sales company. Because you are in that arena (the business aspect of medical) you meet people at meetings/conferences from other companies). I also keep my ear to the ground about a lot of things. It's funny because so many nurses I cross paths with think working for a company means sales and that means bringing donuts and bagels (probably true with drug companies). If you are a nurse, the most viable option is to work for a company as a "Clinical Specialist" . In that, your focus in on implementation of a devices/implants/diagnositcs/treatments. Surgical companies hire them... cardiac cath companies.... companies that sell diagnositic equipment to offices or hospitals. Clinical don't make as much as the actual reps but your really not "selling or knocking on doors" your salary is pretty good avg. 70-80K (with bonus) plus you usally get a car and stock options. Try a search on monster. com. Keep in mind you must do the search under a major city as a CS will cover a large area. When I worked as a clinical I did 1 or 2 over nights a months (max) and most of the time I was home before 1:00 PM. As you were in the business you would hear of new start up companies that were looking for new people all the time. Everything has pro and cons. It's funny because I would work with reps that make 200-300K a year and they'd say "I wish I had an RN" so they could get more hands on with stuff and participate in the actual "doing" of patient care. Good Luck.

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I noticed your posting about Urodynamics. Could I ask a couple questions.

How did you bill your service?

Did you bill through the Doctor?

Did you bill the Technical Component?

Did you have to apply to the HMO?

I am trying to start a Urodynamic Testing Company and would love some advice.

George

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what is urodynamics?

i am curious

gosh there is some great ideas here

yvonne

i think it is great we can think outside of the box and try new things. So many of my friends fill stuck and unable to change what they are doing.

I believe if we want change then we take the steps to try if we fall we get right back up and try again

yvonne

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