Business Plan for Opening an independent practice

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Elizabeth Jones, FNP-BC, has been an NP for 8 years. She has worked in the primary care setting, as well as the urgent care setting. She is considering relocating to a state that allows for unrestricted independent practice and opening her own primary care clinic. There are multiple benefits to owning an independent practice. However, owning a practice requires extensive knowledge and support. For an NP to establish independent practice, an appropriate plan must be developed. For this Assignment, you will create a Business Plan for your potential future business.

Write a 2-3 page paper Business Plan that addresses the following:

  • Identify and explain your chosen business structure
  • Estimate monthly cost for establishing your own independent practice in your home state, including:
    • Clinical site expenses
    • Employee structure and expenses
    • Supplies
    • Utilities and other overhead expenses
    • Malpractice insurance
    • Continuing education expenses
    • Accounting fees
    • Services identified that you will provide (e.g., primary care services, drug screens, DOT exams)
    • Projected monthly income necessary to support your independent practice
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