SHEENA S.

VASQUEZ
NURSING ENTREPRENEURSHIP

MAN-222
DEFINITION:

• Nursing Entrepreneurship- often termed private practice, independent

practice, independent contractor, and self-employed practice- sees the
nurse as a “a proprietor of a business that offers nursing services of a
direct care, educational, research, administrative or consultative nature.
• The self employed nurse is directly accountable to the client, to whom or
on behalf of whom, nursing services are provided” (ICN,2004,p.4)
• Nursing career site Nurse Theory defines a nurse entrepreneur as a nurse
who leverages their healthcare background along with creativity, business
systems knowledge, and successful investment strategies to develop their
own business in the healthcare industry. These professionals have a range
of roles and enjoy a number of benefits different from those of traditional
nurses
• The work of nurse entrepreneurs carries the potential to make a profound
impact on healthcare. By independently working to create new and
innovative tools and systematic industry advances, they can help lay the
foundation to move the concept of care delivery forward in many ways.
• In contrast to conventional nursing attitudes, entrepreneurship has
also a significance among contemporary and professional nursing
attitudes and behaviors (Dolu et.al., 2016)
• These can include more cost-effective means of care delivery, more
efficient patient treatment, and the ability to create more robust
individualized, proactive patient wellness strategies. Ultimately, nurse
entrepreneurs can make it possible for patients to have better control over
their health and healthcare costs, which could go a long way toward
helping them improve their quality of life.
Nursing Entrepreneurship presents as a viable and attractive
approach for nursing practice that serves to:

• Reinstate professional autonomy

• Advance nursing professionalism

• Engage in health system transformation

Roles of entrepreneurship in Nursing:

• Build businesses to develop and distribute medical products or devices

• Offer direct patient care or patient advocacy
• Educate or train other professionals or community members
• Provide health care-related consultation among other functions
Nurse Entrepreneurship qualities:

Successful nurse entrepreneurs possess a skill set that allows them to seamlessly integrate healthcare and business,
such as strong leadership, analytical, and communication competencies. At the same time, they must possess other
characteristics that can enable them to apply their skills independently.

• Business development
• Independence
• Passion
• Flexibility
How to Become a Nurse Entrepreneur:

Becoming a nurse entrepreneur can give a nursing professional a significant measure of

freedom to build their healthcare career on their own terms. However, this freedom is
carefully shaped and earned by a specific step-by-step process.

• Education
• Certification
• Experience
 UPDATE!
• Nurse Entrepreneurship is a project initiated by the Department of Labor
and Employment (DOLE) to facilitate nurse entrepreneurship by giving
opportunities to unemployed licensed nurses to create cooperatives
servicing health care needs of the rural poor communities.
• An initiative of DOLE, in collaboration with BON-PRC, DOH, PNA,
UPCN, OHNAP and other government and non-government entities to
promote nurse entrepreneurship by introducing a home health care
industry in the Philippines.
• In collaboration with Department of Health (DOH) and Philippine Health
Corporation, the project aims to engage unemployed nurses on
cooperatives and entrepreneurial management of nurses’ clinics that offers
reduced cost of primary and home health care services to indigent or poor
rural communities. These cooperatives can also market diagnostic services
and community based pharmacies like Botika ng Barangay
• The selection of areas must consider the business viability of
entrepreneurship. The business program design should be based on actual
needs of the community. EntrepreNURSE nurses shall organize among
themselves as an institution and/or organization (cooperative) manning
and running a business enterprise; all risk and benefits are equally divided.
• The cooperatives deploy licensed nurses to poor rural communities with little or
no access to basic health care and with substantial populations of sick, elderly
and disabled patients on a one nurse per month per village basis.
• The nurses will act both as health educator and health care provider. Their
services will be compensated no less than P1,000 per visit by the local
government unit (LGU), PhilHealth, health maintenance organizations (HMOs),
by the patients themselves on a per visit basis, or from grants from local and
foreign donors. Currently, DOLE is also providing assistance in the form of
grants to 5 piloted cooperatives established in five provinces of Region 11
Sources:
• https://online.maryville.edu/blog/what-is-a-nurse-entrepreneur/
• https://www.slideserve.com/aretha/entrepreneurial-skills-for-the-nurse-pra
ctitioner-in-autonomous-practice
• https://www.slideshare.net/LorlainePearanda/nurse-entrepreneurship
• https://www.researchgate.net/publication/319036544_Entrepreneurship_in
_nursing_education