590 Get Your LNC Invoices Paid – Pat Iyer
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Pat Iyer, veteran LNC and former owner of a multimillion-dollar business, shares her expertise on the all-important subject of getting your LNC invoices paid.
Collections issues can present difficulties for the beginning LNC entrepreneur. When you’re accustomed to getting a regular paycheck, the idea of asking for money and sending out invoices can feel intimidating. You can overcome this issue by establishing a systematic approach to billing. By doing this, you establish a consistent set of procedures that the client can understand and follow.
Pat advises that you always get a retainer prior to actually doing any work. This gives you more freedom in asking for subsequent payments. Establishing a system of replenishing payments is the most efficient way to do this.
Pat also recommends raising your rates regularly, based on cost-of-living adjustments and other factors. Give your clients advance notification.
Finally, know your limitations. If a proposed job doesn’t fall into your realm of expertise, consider outsourcing it. This can create the basis for your becoming a supplier of experts, a strategy that was a key aspect of Pat’s business success.
Follow this advice, and watch your business grow: Get Your LNC Invoices Paid.
- Why do you need a replenishing retainer?
- When do you invoice?
- When should you raise your rates?
- Why does it help to have a network of LNCs with a range of specialties?
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Join us for the live course taking place at 8 PM Eastern | 7 PM Central | 6 PM Mountain | 5 PM Pacific on May 7, 14, 21, and 28, 2024.
The Expert Witness Mastery for Nurses Course, led by Nurse Attorney Arlene and seasoned Expert Witness Pat Iyer, is tailored specifically for nurses who aspire to become expert witnesses in legal cases. The course spans four insightful live sessions, each delving into the critical aspects of serving as a nursing expert witness.
This course is ideal for nurses who are interested in expanding their professional practice to include expert witness work. Both new and experienced nurses in the field will find valuable insights and practical guidance to enhance their expertise and marketability in this unique and demanding role.
The course will be conducted in an interactive format, encouraging participation, case studies, and Q&A sessions to enrich the learning experience. Participants will also have access to a range of resources and materials to support their journey as nursing expert witnesses.
Your Presenter of Get Your LNC Invoices Paid – Pat Iyer
Pat Iyer MSN RN LNCC established a highly successful independent LNC business in 1989. She grew Med League to become a multimillion-dollar business which provided expert witnesses and did behind the scenes consulting. She trained hundreds of expert witnesses and supervised a staff of employees and subcontractors. After selling Med League in 2015, she returned to legal nurse consulting after a 6-year hiatus and currently serves a small group of attorneys.
Connect with Pat Iyer by email patiyer@legalnusebusiness.com