Choosing a Patient Advocacy Business Model: Ethical, Practical, and Financial Considerations
ACTIVE
Patient advocates practice within a variety of organizational and business structures, including independent for-profit practices, nonprofit organizations, hybrid models, and healthcare system-based programs. Each structure presents unique opportunities, challenges, ethical considerations, and operational requirements.
This presentation provides an objective examination of the strengths and limitations of these models while exploring issues of transparency, accountability, conflicts of interest, financial sustainability, governance, and client-centered practice. Participants will learn a practical framework for evaluating business models through the lens of professional ethics, enabling them to select a structure that best aligns with their mission, community, and long-term practice goals.
Learning Objectives
By the end of this webinar, participants will be able to:
- Differentiate among for-profit, nonprofit, hybrid, and institutional business models commonly used in patient advocacy practice.
- Evaluate ethical considerations associated with different organizational structures, including transparency, accountability, conflicts of interest, and client-centered decision-making.
- Analyze the financial, operational, and governance factors that influence sustainability and service delivery across various advocacy business models.
- Apply professional ethical principles and a structured decision-making framework to identify the business model that best supports their mission, practice goals, and the needs of the populations they serve.
Whether you are launching a new patient advocacy practice, evaluating an existing one, or simply exploring your options, this session will provide valuable context to help you thoughtfully consider the ethical, practical, and financial factors involved in choosing a business model that supports your mission, practice goals, and the clients you serve.
Non-Member Purchase
You will receive an email, after checking out, with a unique passcode to input above enabling this webinar.
Continuing Education webinars are open to NAHAC members and the general public looking to enhance their knowledge and receive continuing education credit.
As a NAHAC benefit, Full Members are charged only $10.00 for a CE webinar while the general public pays $40.00 per CE credit webinar. NAHAC full members, who just want to view the webinars, can go to the NAHAC website to view the webinars at any time – no charge.
To receive the discounted NAHAC membership rate for CE webinars, access and complete an application here: Membership Form.
Members Only Purchase
You will recieve an email, after checking out, with a unique passcode to input above enabling this webinar.
Continuing Education webinars are open to NAHAC members and the general public looking to enhance their knowledge and receive continuing education credit.
Teri Frykenberg, RN, CCM, CDP, BCPA
Teri Frykenberg, RN, CCM, CDP, BCPA is a nationally recognized patient advocate, author, newspaper columnist, speaker, educator, and Founder/Owner of Nurse Advocate Entrepreneur. Over the past 20 years, she has founded five advocacy organizations, including the nonprofit Seniors Alone Guardianship and Advocacy Services. With more than four decades in healthcare, Teri brings a wealth of real-life experience in advocacy and business to help emerging advocates evaluate business models that align with their company’s mission and vision.