629 – Best of 2024: Get Your LNC Invoices Paid – Pat Iyer
Update: 2025-01-20
Description
In January 2025, we are running the best of our podcasts from the previous year. We pick the shows based on which ones had the most downloads.
Enjoy this revisit to our best shows of 2024.
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?
Listen to our podcasts or watch them using our app, Expert.edu, available at legalnursebusiness.com/expertedu.
Get the free transcripts and also learn about other ways to subscribe. Go to Legal Nurse Podcasts subscribe options by using this short link: http://LNC.tips/subscribepodcast.
https://www.youtube.com/watch?v=exmdPNNYWZQ
Strategies to Attract Attorney Clients & Grow Your LNC Business
Are you finding it tough to attract more attorney clients? You are not alone!
Join us for the 11th LNC SUCCESS® 3-DAY ONLINE CONFERENCE on February 27-28 and March 1, 2025!
It’s a chance to learn how to overcome common challenges and gain the skills you need to succeed in legal nurse consulting. Connect with industry experts who will share practical strategies for standing out, building strong relationships with attorneys, and effectively presenting your value. No matter your experience level, this conference will empower you to discover fresh opportunities and advance your business.
What to Expect
Expert-Led Sessions: Engage with sessions led by top industry professionals.
Interactive Workshops: Participate in hands-on workshops designed to enhance your consulting skills.
Networking Opportunities: Build lasting connections with peers and potential clients.
Resource Materials: Receive exclusive materials that will support your ongoing professional development.
Don't miss this chance to make a real impact on your business.
Register Today
Secure your spot at the 11th LNC SUCCESS® 3-Day Online Conference on February 27-28 and March 1, 2025, and take your first step toward becoming a leading legal nurse consultant!
We look forward to welcoming you to this pivotal event in February 2025!
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.
Enjoy this revisit to our best shows of 2024.
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?
Listen to our podcasts or watch them using our app, Expert.edu, available at legalnursebusiness.com/expertedu.
Get the free transcripts and also learn about other ways to subscribe. Go to Legal Nurse Podcasts subscribe options by using this short link: http://LNC.tips/subscribepodcast.
https://www.youtube.com/watch?v=exmdPNNYWZQ
Strategies to Attract Attorney Clients & Grow Your LNC Business
Are you finding it tough to attract more attorney clients? You are not alone!
Join us for the 11th LNC SUCCESS® 3-DAY ONLINE CONFERENCE on February 27-28 and March 1, 2025!
It’s a chance to learn how to overcome common challenges and gain the skills you need to succeed in legal nurse consulting. Connect with industry experts who will share practical strategies for standing out, building strong relationships with attorneys, and effectively presenting your value. No matter your experience level, this conference will empower you to discover fresh opportunities and advance your business.
What to Expect
Expert-Led Sessions: Engage with sessions led by top industry professionals.
Interactive Workshops: Participate in hands-on workshops designed to enhance your consulting skills.
Networking Opportunities: Build lasting connections with peers and potential clients.
Resource Materials: Receive exclusive materials that will support your ongoing professional development.
Don't miss this chance to make a real impact on your business.
Register Today
Secure your spot at the 11th LNC SUCCESS® 3-Day Online Conference on February 27-28 and March 1, 2025, and take your first step toward becoming a leading legal nurse consultant!
We look forward to welcoming you to this pivotal event in February 2025!
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.
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