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Ideas for Nursing Businesses

Updated on December 6, 2012

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Ideas for Nursing Businesses

I have been watching the “Men Who Build America” series on the History Channel this week, and have become inspired to create an organization of my own that I can be proud of. The old adage that, “the only way to truly get ahead is to work for yourself” is very true, especially if you are trying to get ahead while working for someone else. This article will talk about two of the different business ventures that nurses or medical professionals can start:

Staffing/Travel Agency

Though a competitive business to get into, starting a travel nursing agency is something that a lot of nurses can do. In fact, you don’t even have to be a nurse to open a travel nursing agency. Some of the things that you will have to do include getting contracts with local hospitals who need nurses and can’t currently fill their needs on their own. Other things you will need include liability insurance, a staff to handle staffing issues and phone calls, as well as a clinical coordinator and staff educator who can teach nursing skills and take care of problems with the agency nurses. There is a potential to make a lot of money here…some staffing and travel nursing agencies pay their nurses 30 dollars an hour and make 20 dollars per hour that the nurse works (i.e., the agency gets paid 50 dollars by the hospital and then only pays the RN 30 dollars). If you have enough nurses making enough hours, this could quickly become a great business to get into. However, it is a competitive business.

Legal Nurse Consultant

Registered nurses are eligible to become Legal Nurse Consultants. In fact, some legal nurse consultants actually can make more money than attorneys. What are the requirements, you might ask? Well, first of all, it is important to note that certification is not something that is required. Most of the time, attorneys want someone who can tell them whether or not a medical or nursing negligence, malpractice, or liability case is worth investing time into. It does help to have experience or expertise in a given area to be beneficial to an attorney. (Disclaimer: Though I went to law school, I have not yet passed the bar and this article is not and should not be construed as legal advice). Legal nurse consultants cannot give legal advice, but they can offer their advice as a nurse expert, which can be very valuable, sometimes netting as much as $250 per hour.

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