How to Create a Financial Policy for Your Practice

NP Business Matters Podcast

A solid financial policy will do wonders for your practice. It will guide you and your staff as well as your patients on how to do business with your practice. It can help stabilize your cash flow. And it can keep you in compliance.

In this episode of the NP Business Matters podcast Barbara talk's about:

• Why this is one of the very first policies a practice needs to create.
• The difference between policies and procedures.
• Why you don't need to start with a blank page and what you can do instead.
• The importance of customizing the policy to your practice.
• Questions you want to ask before you start to create your policy.

In addition, she takes several side steps with additional information you need to successfully run your own practice.

This is an information-packed episode and you will likely want to listen to this episode more than once, and take notes along the way.

And if you are already an NPBO™ Member, you'll find a download of all the questions covered in the billing and financial section of your Member's portal.
Show notes for this episode are at https://npbusiness.org/financialpolicy

Find us on Social:

• Facebook: https://www.facebook.com/NursePractitionerBusiness
• Instagram: https://instagram.com/barbaracphillips
• YouTube: https://YouTube.com/NPBusiness