Nurse practitioners (NPs) are in high demand, and there are many opportunities for entrepreneurs in this industry. Whether you are new to this field or are a veteran, the idea of being able to start your own business is always exciting. You can put your skills to clever use and revitalize your career at the same time. Having a change of scenery may also bring new learning opportunities and experiences to your life.

What Kind of Business Can Nurse Practitioners Start?

There are numerous business ideas that you can launch as a NP. Your skills and credentials are valuable. Identifying the need—or knowing how to turn the world’s problems into opportunities—is the key.

Starting your own business can be a daunting task, but it can also be immensely rewarding. However, with careful planning and dedication, it is possible to build a successful business. If you’re not sure where to begin or are looking for some inspiration, here is a list of great business ideas for nurse practitioners to help you get started.

#1 Start a Telehealth Business

In recent years, the use of telehealth has been on the rise, as they offer a convenient and cost-effective solution for patients to receive care. As a NP looking to start your own business, telehealth is definitely one of the many great business ideas for nurses. By using video conferencing and other digital tools, you can provide care to patients from anywhere. In addition, telehealth businesses can be operated with minimal overhead costs, making it attractive for first-time entrepreneurs.

However, there are several regulations to bear in mind as telehealth doesn’t just mean providing consultations through video. Each state has its own regulations regarding telehealth, and you most likely need to obtain a license to practice in the states of residence of your patients. You may not be able to start doing telehealth consults immediately but by taking the right steps, you’ll soon be able to get your business up and running.

#2 Start a Nutritious Meal Delivery Service

Always had a passion for cooking? So why not merge your interest and skills to start your own nutritious meal delivery service? People are increasingly conscious about the food they eat, hoping to build better immunity against viruses like COVID-19. Utilizing your nutrition knowledge, you can create healthy, delicious meals that can be delivered right to your client’s doorstep. In addition to providing a much-needed service for busy families, this business would also be a wonderful way to promote healthy eating habits. With work-from-home becoming a trend, you can expect more people to order food delivery!

#3 Start a Blog

By starting a blog, you can share your knowledge and experience with a wide audience, while also connecting with other medical professionals. A blog can be a terrific way to build your brand and attract new patients. Moreover, it can be a valuable resource for keeping up with the latest medical news and developments. Of course, starting a blog takes some time and effort but it can be an extremely rewarding experience. So, if you’re thinking about establishing your own business as a NP, consider launching a blog.

Partnerships are a great way to start your blogging career. You can collaborate with companies selling health and wellness products or introduce people to your profession.

#4 Become an Influencer

There are no rules which state that NPs cannot become the next social media sensation! As a nurse, you are already influencing the people around you when they approach you for healthcare suggestions. You can make use of social media to influence a wider audience who have many questions about their health.

With so many social media platforms available, it’s easy to start. But you’d need a content plan and strategy. What do you want to share? What’s your unique selling point? Do you want to talk about healthcare tips in the form of podcasts or are short videos more of your thing? Creating a robust social media presence is essential too. That includes everything from Facebook to TikTok, Linked In to Instagram, Twitter and YouTube.

All these things will help you create a brand that can generate income for you. Companies will be interested in working with you to market their services to the masses. Also, it can open lots of opportunities for you and help you attract followers. These followers might just become your customers should you decide to start another venture in the future!

#5 Nurse Practitioner Freelancer

Becoming a NP freelancer is a great way for you to start your own business. NP freelancers are self-employed individuals who contract with health care facilities to provide nursing services on an as-needed basis. This type of arrangement offers many benefits, including the freedom to set your own hours and rates, the ability to work from home, and the flexibility to take on multiple clients. In addition, being a nurse freelancer gives you the opportunity to build your own brand and expand your professional network. If you’re looking for a way to take control of your career, becoming a NP freelancer is a great option.

#6 Open an Intravenous Hydration Clinic

One type of NP business idea that is gaining popularity is Intravenous Hydration Clinics.  IV therapy can be provided to patients in a variety of settings including outpatient clinics, private homes, and even mobile units. As the number of patients who require care at home increases, the need for IV NPs on an outpatient basis is rising, which means your services will be in demand.

#7 Becoming a Health and Wellness Coach

Another NP entrepreneur idea you can consider is becoming a health coach because you have the expertise to make your services attractive. You can customize your coaching to clients with diverse needs, such as working with parents to help their children develop a wellness plan.

More people are paying attention to having a work-life balance. Corporate organizations are seeking wellness programs to help their employees maintain a healthy lifestyle, which means business opportunities exist. In addition, individuals may hire you to help them reduce weight or quit smoking. You’ll also get to meet people from all walks and life and interact with others outside of a medical facility setting.

To become a qualified coach, you will need to achieve a minimum number of hours of education and experience. You also have to graduate from a program accredited by the state you are residing in. To be a successful wellness coach, you need strong effective communication and assessment skills to motivate as well as educate your clients. You also have the option of working over the phone, in person, or online. This provides great flexibility because it means you can work from anywhere.

#8 Specialized Care Provider

NPs can be their own bosses by becoming specialized care providers. You can become a business owner and independent contractor who provides specialized care services to patients in your clinic, their homes, or other settings outside of a traditional healthcare institution. These businesses are often started by NPs who have years of experience working in a particular area of medicine and want to provide more personalized care to their patients. For instance, you can specialize in stress reduction if your practice was focused on health and wellness.

In order to become a specialized care provider, you must obtain a state license and meet all the requirements set forth by the state in which you intend to practice. Having business management knowledge also helps but you can always pick up these skills through online or local courses, but be prepared to work around the clock as patients could call you any time of the day.

#9 Start Your Own Medical or Pharmaceutical Product Sales

There is always demand for pharmaceutical and medical products. You can begin by working as a sales representative which means you help to sell products for a specific company and earn a commission.

You’ll be selling things such as equipment, medical supplies, and pharmaceuticals to hospitals, doctors, clinics, and other healthcare facilities. You are in charge of calling the customer, addressing their concerns, explaining the product, and negotiating the final sale. After you have decided which type of product you want to focus on selling, you need to gain relevant experience. Approach a company you’re interested in representing and see if you can shadow a sales rep.

#10 Become an Author or Historian

A career as a NP can be both rewarding and challenging. After years of being in the industry, you might want a break from the demanding work schedule and want to have a change of environment. You can start your own business and enjoy something different by becoming a NP historian or author.

NP historians research and write about the history of nursing or healthcare, while authors write books about their experiences in the field. These positions offer a great deal of flexibility, and they provide an excellent opportunity to promote the nursing profession. In addition, by sharing their knowledge and stories, you can inspire others to enter the profession.

That’s not all. You can also contribute your expertise to the media industry. Scriptwriters working on medical dramas and movies need to consult a healthcare professional to get the facts right. You’ll be able to provide them with the latest information about the industry and might even get to interact with some celebrities. Some of the things you’ll be doing include fact-checking and ensuring actors portray the nurses’ roles correctly.

#11 Design a Medical App

As a NP, you have the knowledge and skills to make a real difference in people’s lives when it comes to their health. And what better way to reach more people and help them improve their health than by starting your own business? A great business idea for nurses is to launch a medical app such as a health coaching app.

With a health coaching app, you can reach many more people than you could if you were just working one-on-one with clients. Plus, people can use the app anytime, anywhere – meaning they can get coaching and support from you even when they’re on the go! With features like goal setting and progress tracking, your health coaching app will help keep your clients motivated and on track to reaching their health and fitness goals.

Around the world, people are becoming more mindful about their health but not everyone has the time to visit the doctor. You will provide a convenient option by helping them maintain their health through medical apps.

#12 Start a Home Care Service

Home care services provide a much-needed service for seniors and disabled individuals who wish to stay in their own homes rather than move to a long-term care facility. These services can include anything from meal delivery and transportation to personal care and light housekeeping. NPs who are interested in starting their own businesses can do so by launching a home care service.

There are a few things to keep in mind when starting such a business, such as obtaining the proper licenses and insurance, hiring reliable and trustworthy caregivers, and marketing the business to potential clients. With hard work and dedication, you can be successful in starting your own home care service. This type of business can provide both financial security and the satisfaction of knowing that you are helping others to maintain their independence.

There are various types of home care services you can provide, including:

• Meal and food preparation service: This type of service helps clients prepare healthy meals and shop for groceries.
• Personal care service: This type of care helps clients with activities of daily living such as dressing, toileting, grooming, and bathing
• Transportation: This type of service provides patients rides to places like the doctor’s office, salon, and library
• NP-directed care: This type of service could include managing wounds, medical concerns and conditions, and the overall well-being of the client

Once you have decided on which area of service to provide, you will need to develop a business plan. This should include your goals for the business, your target market, and your marketing strategy. You will also need to secure funding for your business, which can come from investors, loans, or grants. If you are well-prepared and have a sound business plan, you will be well on your way to starting a successful business.

#13 Start a Health Care Training business

You have years of experience in the medical field and maybe it’s time to pass this on to the next generation of nurse practitioners and healthcare providers. A fantastic way to do this is to launch your own health care training business.

By offering classes on topics such as anatomy, physiology, and medical terminology, you can provide a valuable service to both new and experienced healthcare professionals. In addition, a health care training business can be customized to focus on the specific needs of NPs. For example, a training business could offer courses on how to start and operate a successful NP practice, how to bill and code, or how to use electronic health records.

The healthcare industry is constantly evolving. There are always new challenges and skills for healthcare workers to learn. As such, continuing education is critical to help them keep up with the latest technological and medical advancements.

You can conduct courses at a physical venue or go virtual. With the necessary marketing and planning, this can be a very profitable business.

#14 Open a Medical Spa

Want to help people look and feel young, healthy and vibrant? Open a medical spa! Aesthetics consists of the delivery of non-surgical cosmetic procedures to patients seeking to improve their physical appearance. Many NP providers use an array of cosmetic procedures from non-invasive to minimally invasive. Aesthetics procedures are considered elective procedures, and patients are generally in good health.

#15 Legal Nurse Consultant

LNCs are registered nurses or NPs who have been trained to provide expert nursing or medical advice and knowledge to others. They may work for attorneys, financial institutions, insurers, healthcare providers or corporations. Many NPs serve as expert witnesses in the litigation process, while some only do independent consultation and writing making this a very flexible and attractive business for NPs. 

Does Your Business Idea Require a Collaborating Physician?

Maybe one of the ideas above speaks to you or you already know what kind of business you want to establish. However, striking it out on your own may be challenging. Things can be easier when you work with a collaborating physician who can become your mentor.

Collaborating Docs matches you with a suitable collaborating physician within 14 days. In fact, 97% of our clients match in less than a week! That’s because we have a wide network of industry contacts and work with outstanding service providers to make this possible. Plus, we do it at an affordable rate! You only have to pay a one-time match fee of $500 and a flat monthly rate which we will quote you for free. No additional charges are required for drafting the collaborative agreement. We will also cover the malpractice for your physician, so you can fully focus on practicing medicine.

We began our business with the aim of helping nurse practitioners solve the problem of looking for a supervising physician. To date, we have helped over 1000 nurse practitioners match with collaborating physicians, and we’re committed to increasing this number.

To find out more, schedule a zoom call with us to get your free quote today.