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NP Practice Owners

Expanding Your Business

Published December 8, 2008 2:55 PM by Joseph Marra
I have been looking for a larger building for my business to continue to grow and have been unsuccessful. I have been looking for 8 months through the local papers and checking online, and I have even hired a realtor.

Looking in an area that is close to my current location has left me empty handed. I had closed my mind to other possibilities, such as a separate practice, in a new location. As you may know, I had two practices at one time and after difficulties with colleagues, I had to close the less busy practice.

However, I have since hired three NPs instead of doctors and have just been presented an opportunity to take over another practice, in another town. At first I thought it would be prudent to purchase another building that would accommodate my current practice, as I have significantly outgrown the building. Once I opened my mind to the possibility of another location, I then had to come to terms with such things as staffing, computers, signs, advertising, etc...

Well it just so happens that it was an all in one deal!!! So I had no alternative but to jump on this opportunity. The lessons learned with my earlier adventure of two practices have become invaluable. I will focus on my primary practice expansion later.

Business can be a gamble at times, but when you have a strong model and stick to what works, things just explode!

I currently employ a Psych NP, an Adult NP, and a Family NP that will be picking up the slack at my Altoona office while I am off with this new adventure. I also intend to hire a Woman's Health NP in the near future.

I must tell you that I am there Tues. and Thurs. starting two weeks ago, and my schedule is booked. Once I follow my model and get things up to speed, I will be hiring more providers to "Answer the call."

The freedom of independent practice is indescribable. As I am writing this blog, I got a fax with the number of patients on the schedule for tomorrow = 27. We do take walk-ins so I will be taking my roller blades along.(LOL)

Since this will only be my third week, I will keep you posted in the next few blogs for successes and pitfalls as things progress.

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