HOW MUCH MONEY DOES A TELEHEALTH PRACTICE MAKE?

Summary

Tiffany, a certified family nurse practitioner and Telehealth expert, shares insights on how nurses can monetize their skills to start a Telehealth practice and enjoy the benefits of unlimited PTO and income. Using an example of a nurse practitioner earning $130,000 annually, she illustrates the potential revenue increase by comparing traditional clinic hours to a part-time Telehealth model. The script highlights the average revenue per patient in Telehealth and how structuring a practice can lead to full-time income with part-time work, emphasizing the flexibility and financial advantages of Telehealth entrepreneurship.

Takeaways

• 👩‍⚕️ Tiffany is a certified family nurse practitioner and Telehealth expert.
• 💼 She assists nurses in monetizing their expertise to start a Telehealth practice.
• 💰 The potential revenue from a Telehealth practice is highlighted as a key benefit.
• 📈 An example is given using an NP making $130,000 a year for comparison.
• ⏱ The average hourly rate for the NP is calculated to be $62.50.
• 📅 Full-time work is estimated at 20 patients per day, totaling 100 patients per week.
• 🔄 Transitioning to Telehealth could yield $86 per patient interaction on average.
• 🚀 Telehealth allows for part-time work with full-time income potential.
• 🕒 Seeing six patients per day in Telehealth can replace the income of seeing 20 in a clinic.
• 🛠️ Strategies are available to automate parts of the Telehealth practice for efficiency.
• 🤝 Tiffany encourages sharing and subscribing to support nurses on their Telehealth journey.

Q & A

What is Tiffany's professional background?

Tiffany is a certified family nurse practitioner and a Telehealth expert.

What does Tiffany help nurses to do?

Tiffany helps nurses to monetize their expertise and knowledge to start their own Telehealth practice.

What are the benefits Tiffany mentions for starting a Telehealth practice?

The benefits include unlimited Paid Time Off (PTO) and the potential for unlimited income.

What is the annual salary used in Tiffany's example?

Tiffany uses an example of a nurse practitioner making $130,000 a year.

How is the average hourly wage calculated in the example?

The average hourly wage is calculated by dividing the annual salary of $130,000 by 2080 hours (40 hours/week for 52 weeks), which equals approximately $62.15 per hour.

How many patients does the nurse practitioner see per day on average in the example?

In the example, the nurse practitioner sees an average of 20 patients per day.

What is the average weekly income for the employed nurse practitioner in the example?

The average weekly income is about $2,500, based on seeing 20 patients per day, five days a week.

What is the average revenue per patient in a Telehealth practice according to Tiffany?

The average revenue per patient or client in a Telehealth practice should be about $86.

How many patients per week does the Telehealth practitioner see in the example?

The Telehealth practitioner sees 30 patients per week, averaging six patients per day, five days a week.

What is the average weekly income for the Telehealth practitioner in the example?

The average weekly income for the Telehealth practitioner is $2,580, based on seeing six patients per day, five days a week.

How does the Telehealth practice allow for part-time work with full-time income?

The Telehealth practice can be structured to generate revenue without the practitioner being at the computer for every patient interaction, allowing for part-time work with full-time income potential.

What is Tiffany's call to action for the audience?

Tiffany encourages the audience to share the information with their NP friends, subscribe, and continue on the journey to unlimited PTO and pay.