Advanced Practice Nurse’s Business Planning

Topic: Nursing
Words: 602 Pages: 2

Advanced Practice Nurses (APNs) are nurses who have improved their training and certification. Some have obtained master’s degrees, and others have a doctorate in nursing. They play vital roles in the health sector, including maintaining patients’ records, examining them physically, and evaluations, among other professional duties. Currently, society anticipates healthcare that is efficient in regards to delivery, affordable, and reliable. It is expected that the services delivered to the patients should be of high quality and payment of the same rationalized. The healthcare system advocates for APNs to have innovation and independence in building an approach that can meet the demands of safety and patient-centred care. Increased demand for primary caregivers has yielded a shortage of physicians, hence an increase in independent clinical practice (Schober & Stewart, 2019). Therefore, a systematic approach process in translating the business plan into a running day job for the APNs who wish to join the entrepreneurial field is imperative.

Thorough research should be carried out by the APNs who wish to join the independent venture to derive the purpose of the plan and objectives. There should be a clear understanding of other requirements, including regulations, sources of finance, and operational requirements of the business. Nursing education involving clinical-related issues and administration processes can ensure that the business plan is viable, well-implemented, and evaluated (Ko et al., 2022). In their training, the nurses are acquainted with competencies and decision-making skills that build them career-wise. This knowledge can be applied in other areas that help them grow individually in their lives and activities.

Several factors should be considered in the initial stages of the plan; for instance, target group, location of practice, types of services needed, clearly stated gap in the market and operational hours of the clinic. APNs should develop a business profile with the vision and mission statements of the project. The services offered should clearly be stated, and registration requirements for the business should also be identified at this level. This enables them to easily execute and evaluate the idea. The next stage requires the APNs to propose methods on how the services will be delivered to the people. This involves the number of staff required, the equipment needed, the facility itself, the marketing plan, and the management structure that controls the whole operation (Schober & Stewart, 2019). All these considerations call for the implementation of the plan and evaluation of the commercial performance.

The integration of these processes helps the APNs to demonstrate their skills by practicing to the full extent. Different states have diverse regulations on healthcare system practices. Aspiring APNs for private practice should learn the laws of the specific state-run to avoid irregularities in their work. The administration of a country allows them to have full responsibility and liability for their patients in terms of evaluation. The business plan is the full guide of the activities that take pave in an entity. It is essential since it lays down the important strategies of the entire operation. APNs use it to establish the focus, purpose, and future of the business (Peters, & Roodbol, 2020). It enables them to secure any required funding in the private practice setup.

In conclusion, when doing a business plan, APNs should meet some competencies for the state to allow them to operate legally. Direct clinical practice gives them an added advantage to easily obtain a license due to their experience. Research skills and ethical decision-making are also major qualifications that acquaint them with the relevant skills to carry out medical activities. This tool provides short-term and long-term objectives and the steps necessary for the ideas to succeed.

References

Ko, A., Burson, R., & Turner, J. A. (2022). Strengthening DNP business acumen: An educational intervention. Journal of Nursing Education, 61(4), 201-204. Web.

Peters, J. W., & Roodbol, P. F. (2020). Leadership in maintaining standards for the APN role. In S. B. Hassmiller & J. Pulcini (Eds.), Advanced practice nursing leadership: A global perspective (pp. 167-183). Springer, Cham. Web.

Schober, M., & Stewart, D. (2019). Developing a consistent approach to advanced practice nursing worldwide. International Nursing Review, 66(2), 151-153. Web.