MINNEAPOLIS–(BUSINESS WIRE)–Nov 5, 2024–
TT Capital Partners (“TTCP”) today announced a majority investment in Collaborating Docs, which matches nurse practitioners (“NPs”) with supervising physicians to facilitate high-quality collaborations, a requirement for NPs to practice independently in 33 states.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241105106061/en/
(Graphic: Business Wire)
According to the U.S. Bureau of Labor Statistics, nurse practitioner is one of the nation’s fastest-growing careers. NPs have many of the same qualifications to diagnose, prescribe, and treat patients as physicians, however they are restricted from practicing independently in 33 states without a supervising physician. Finding and maintaining physician collaborators can be a challenge for entrepreneurial NPs working outside traditional care delivery systems and enterprises employing NPs.
Collaborating Docs is the first company to address this need by matching NPs with willing collaborating physicians, ensuring compliance with changing regulations and providing continuity of care for patients. The company eases the administrative burden for NPs and physicians by providing template collaborative agreements and state-specific guidance, maintaining proper malpractice insurance for their physicians, and facilitating payment processing—essentially bringing standardization to an industry practice that previously had none.