Describe NP Owned Business: Location and Expenses

NP Owned Business
Name
Institutional Affiliation
NP Owned Business
Introduction
The increased need for health care services offers a good opportunity to invest in the sector. The gap in quality of care can be met by medical professionals engaging in the field to increase accessibility of affordable care. Notably, the US population is rapidly aging, and about 18% of the people will be 65 years or older by 2025 (NONPF, 2013). Subsequently, the changes in demographics and the long life expectancy are expected to lead to increased need for primary care, as well as chronic disease management. NONPF (2013) reviews that the US was in 2011 ranked the last among 16 developed nations because it had the highest preventable deaths. Nevertheless, the government will not be able to meet the demands, making it necessary for private practitioners to come on board (NONPF, 2013). The purpose of this paper is to offer an overview of startup requirements to establish a nursing practitioner owned business.
The proposed business structure will be a nurse practitioner owned business that will be under the supervision of a physician. In this context, the multi-disciplinary approach that includes nursing professional and physicians will be imperative in guaranteeing reliance and delivery of quality care. The increased demand for health services will require significant changes in the organizational setting and delivery of care (Markwick, 2017). In this light, the structure will facilitate accountability in the management of the business, patient-centered care, and community-based care. Fundamentally, the interaction of health care professional teams, as well as the development of these teams to suit the demand will be instrumental in improving health care. Moreover, all individuals involved will be required to perform to full capacity based on their education and training to offer sufficient support to physicians and other health care professionals.
Location and Expenses
The business will be situated in the state of Texas. The area is appropriate to meet the local demand for health care and to exploit the existing opportunities in primary health care delivery. The hospital space will be rented in an urban center to facilitate accessibility and convenience for the patients. The cost of renting or leasing office space depends on the exact location of the business and the size of square feet. Often, leasing or renting is done on a multi-year basis and the ideal size for medical practice is 1200 to 1500 square feet (Doctorly, 2017). Developments that include renovations to an office to meet the business needs will require about $1500 to $50000, depending on the available space (Doctorly, 2017). Additionally, the purchase of equipment, including computers, furniture, and medical tools will depend on the business requirements. The costs of t...