TESTBANK FOR NURSE PRACTITIONER’S, BUSINESS PRACTICE AND LEGAL GUIDE 6TH EDITION CHAPTER 1-17 / QUESTIONS AND ANSWER ALREADY GRADED A+

Chapter 11 Practice Ownership: Legal and Business Considerations for the Nurse Practitioner Owner 1. What are some of the advantages of practice ownership? ANSWER:. Even without a general redesign of primary care, NPs who wish to run their own practices have been able to do so in many states. The advantages to an NP of practice ownership are: • The NP decides upon the length of patient visits. • The NP decides how the practice is run. • The NP chooses employees. • The NP controls quality. • The NP controls referrals. • The NP may titrate workload to income. • The NP keeps profits. The advantages to the public of NP practice ownership are: • The patient gets the benefit of combined nursing and medicine. • The patient reaps the benefit when the patient gets more face time with the provider. • The patient may pay less or get more for the same money. • The patient may have better access to health care.