Independent States NP Take Home

[agiboma, BSN, MSN, NP]

I wanted to know roughly what the take home after all expenses was for NP's who are operating independently. I am looking to start up in a NP friendly state and open my own practice. Also can you advise how much your startup cost was. Thank You in advance.

[jer_sd]

Too many variables what type of practice, what cpt codes, cash, medicaid, medicare, PPO, cash only. Rent, expenses staff taxes....

You would need to focus this question a bit.

Primary care, micro practice, group practice, specialty practice.....

[agiboma, BSN, MSN, NP]

I did not think of all those options I was mostly looking at primary care fnp practice, i guess the billing would be medicaid or medicare I am not sure on how billing works. Looking to start in the Western New York area.

[BarbaraNP]

Agiboma,

There are far too many variables to even begin to answer the question.

What kind of practice?

Where will you be located?

What kind of patients will you see?

What payers?

Will you be direct pay?

What kind of equipment will you need vs what you already have?

What kind of assistance will you hire, outsource? Billers, software....

Factor in professional fees (atty, CPA, business adivsor, etc)

Don't forget TAXES!

There are regional differences in reimbursement, payroll, lease payments, insurance and so much more.

Get start reading business blogs and books. There are blogs for nurses and nurse practitioners who want to be self-employed. There are groups on other social platforms devoted specifically to this. Do some homework in your area. There are NPs in business almost everywhere.

Good luck,

~ Barbara