Independent contractors

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For those NPs who are independent contractors I have a few questions. I recently accepted an independent contractor job with two half days in the primary care office and the other days spent seeing medical and psych (to my capabilities) patients in nursing home facilities. Split is 60/40 medical and 50/50 psych. I make my own hours. Only thing provided is .

1. I was told I need to set up a business. For those who have an LLC or corporation did you name it something else or just after your name?

2. Should I also purchase my own malpractice insurance? I'm a new FNP.

3. How do you keep track of all expenses etc. Someone told me about an accountant program called Deductr which looks worth the money.

Thanks!

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Specializes in Family Nurse Practitioner.

Definitely get your own ! I never set up a LLC when I was working contractural and just kept track of my own receipts the old fashion way. This sounds like it is likely going to be a challenging job for a new grad as I'm guessing your volume will be tremendous and available peers for assistance few. Be especially careful with the "psych" portion. Good luck.

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Definitely get your own malpractice insurance! I never set up a LLC when I was working contractural and just kept track of my own receipts the old fashion way. This sounds like it is likely going to be a challenging job for a new grad as I'm guessing your volume will be tremendous and available peers for assistance few. Be especially careful with the "psych" portion. Good luck.

Actually I make my hours as I go so volume isn't a concern. I've expressed as a new graduate how many patients I'm comfortable seeing and only psych I'm comfortable with treating is depression and or anxiety. He seems to be readily available to his other NPs so that may not be an issue also. Thanks for the feedback!

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Specializes in Family Nurse Practitioner.
Actually I make my hours as I go so volume isn't a concern. I've expressed as a new graduate how many patients I'm comfortable seeing and only psych I'm comfortable with treating is depression and or anxiety. He seems to be readily available to his other NPs so that may not be an issue also. Thanks for the feedback!

Anxiety can be tricky. Watch those magic benzos.

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I have had several friends in jobs like these, and they guilt you into accepting a lot more work than you're comfortable with. Stick to your guns with respect to your workload.

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