1. Creating a Practice Model: A Few of the Many Paths
Panel Members:
Moderator: Wendy L. Wright,
MS, RN, APRN, FNP, FAANP, FAAN, FNP
Sharon Katz, MSN, FPMH-APRN, CRNP
Mike Lawler,CMX, BS, FNP, EMBA
Welcome Everyone
Wright, Katz, and Lawler, 2017

2. Objectives
Upon completion of this educational initiative, the participant will be able to:
Identify steps essential to business owners (30 minutes)
Identify pathways for business sustainability (15 minutes)
Review lessons learned and mistakes made in business ownership (30 minutes)
Upon completion of this lecture, the participant will:
1. Identify various pediatric dermatology conditions, including chicken pox, coxsackie virus and fifth’s disease.
2. Discuss those pediatric dermatology conditions that require an immediate referral
3. Develop an appropriate nursing plan for evaluation, treatment, and follow-up of children with pediatric dermatological complaints
Wright, Katz, and Lawler, 2017
Wright, Katz, and Lawler, 2017

3. Introduction:
Wendy L. Wright Wright & Associates Family Concord
Wright, Katz, and Lawler, 2017

4. Introduction:
Sharon Katz, FPMH-APRN, CRNP Collaborative Psychiatric Associates: 4 Psychiatric mental outpatient offices & Collaborative Care model in primary care
Montgomery County, PA
Wright, Katz, and Lawler, 2017

5. MICHAEL lAWLER Kynamics Consulting Partners, LLC
Introduction:
MICHAEL lAWLER Kynamics Consulting Partners, LLC
Wright, Katz, and Lawler, 2017

6. Objective 1: Identify steps essential to business ownership
Discussion by panel
Wright, Katz, and Lawler, 2017

7. INVESTIGATE Nurse practitioner As a nurse owned business
Your state laws for nursing. Do not make assumptions based on others
State and county health initiatives and needs
Regulations needed for credentialing:
Nurse practitioner
As a nurse owned business
Solo, group, private, clinic, nursing home, tele-health, mobile or community.

8. BUSINESS PLANNING FOR APRN PRACTICE
How does your vision match with health care needs?
Who do you need to partner or key colleagues to develop your practice?
What structure or model do you envision?
Mission statement
Assessment of community need
State/CMS laws and regulations
Define funding and reimbursement projections

9. Objective 2: Identify pathways for business sustainability
Discussion by panel
Wright, Katz, and Lawler, 2017

10. BUSINESS MANAGEMENT Financial management: Billing
Develop job description, expectations work flow and pay scale
Depositing and management of cash? Develop documentation of receivables
Develop team with accountability to Accountant. Book keeper?
Billing
Codes and documentation
Review EOB’s
Management of rejections in timely manner
Never bill for clinicians not on panels. Watch credentialing

11. Objective 3:
Review lessons learned and mistakes made in business ownership
Discussion by panel
Wright, Katz, and Lawler, 2017

12. Partnership? Is a partnership a good choice or obstacle?
Financial benefit and risk
Buy in and loan backing
Joint decision making
Like marriage, a committed relationship with contract and expectations
Wright, Katz, and Lawler, 2017

13. Thank You! We Would Be Happy To Entertain Any Questions

14. Contact information for panel: Wendy L. Wright Michael Lawler Cell: Sharon Katz Cell: