#46 Cash vs Insurance Based Practices - Pros and Cons

NP Business Matters Podcast

Entrepreneur Business Barbara C. Phillips, NP, FAANP Barbara C Phillips FAANP Nurse Practitioners Practice Owners About Selfemployment Careers Leadership

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3y ago 30:57

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Today I’m talking about the pros and cons of taking insurance vs having a cash-only practice.
While this is just an overview, the goal is to give you some things to think about. One is not inherently better than the other.
This is a question that comes up frequently in our FB group and many of the answers lack the depth needed to make an informed decision. Other questions expose some of the struggles and unmet expectations of newer practice owners. Like many beliefs (insurance is all bad, cash is all good) there are pros and cons, myths and misconceptions on both sides of the aisle.
Do you have a preference? Which of these practice models has worked out best for you? What problems have you found with one or the other? I look forward to hearing your thoughts and questions about this episode on the show notes.
https:npbusiness.org/insurancevscash

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