Many Nurse Practitioners (NPs) and other advance practice clinicians, who want to start their own nursing practice, are worried about the cost to get started in a traditional office and are looking for options. One such option is a practice focusing on Long-Term Care (LTC).
Geriatrics is one area that is vastly underserved, especially for those who reside in LTC. The need is only expected to increase as our population ages.
This is not a new type of practice. Many of us who are Geriatric Nurse Practitioners have practiced in LTC facilities for years. Over the years, we've seen more Adult Nurse Practitioners and Family Nurse Practitioners in LTC as well. What is becoming more common (albeit still relatively rare) is that the NPs working in LTC are doing so as self employed individuals. NPs who have businesses that focus on seeing residents of LTC facilities will tell you that they not only enjoy their work, but managed properly, it can also be financially rewarding.
So what do you need to get started?
- Knowledge of geriatrics and common issues that are facing them.
- An understanding of the needs of the LTC facility. This will help you structure your time, assuring you are also seeing patients within the required laws and standards.
- Access to LTC facilities.
- Communication System.
- Determine your billing process.
- Insurance credentialing.
For NPs that are in states that require you to have a collaborating physician, this type of business will guarantee you will have one, as residents of LTC facilities are required to have an attending physician.
You will want to contact LTC facilities to determine their needs in getting providers in to see patients, both at required visits and for sick calls. Find out who the physicians of record are, as well as who is the facilities medical director. You will want to contact them and offer your services to manage their LTC residents. Understand, they will likely remain the physician of record and will need to make periodic visits according to requirements and the resident's status. Most physicians who maintain office practices as well as seeing residents of LTC facilities will welcome someone managing the needs of those patients.
LTC facilities are one of the most regulated health care environments today. It's unglamorous (you'll never see a TV show about LTC like you do with ER and trauma shows) and unpopular. The needs of the nursing facility in terms of reporting to providers, getting forms signed off, etc. are high due to regulation. However, you'll find that with a system, you can easily provide an excellent service to the residents and facilities, and be rewarded for your efforts. It's a nursing practice that can truly be a win-win-win for all involved.
About the author: Barbara C. Phillips, NP is the founder of NP Business™ and Nurse Practitioner Business Owner™ and works with NPs to get started and grow their own business. To sign up for "Progress Notes", weekly business tips in your inbox, and to claim your gift just for reading, visit NP Business Tips or her blog at NP Business. Feel free to add your comments in the forum, the Facebook page or on my NP Blog.
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