Week 3 x 2.docx - As revenue generators, NPs must be aware...

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As revenue generators, NPs must be aware of how their work contributes to the overall revenue of theclinical practice. You see 20 patients per day on average and take call every third weekend. According toBuppert (2011), an NP who sees 15 patients per day at $56 per patient visit, on average, brings in $840per day. Allowing 1 week off for continuing education, 1 week off for illness, and 4 weeks off for vacation,this NP will bring in $193,200 a year, potentially. However, not all bills are paid. With a 90% collectionrate—a reasonable collection rate for an efficient practice—this NP actually will bring in $173,800 peryear. An NP who sees 24 patients per day will bring in $1344 per day, or $309,120 per year in accountsreceivable. With a 90% collection rate, this NP will bring $278,208 to the practice (Buppert, 2011).Establishing a salary can be a challenge for NPs. Deducting 40% of the NP's gross generated income foroverhead expenses (rent, benefits, continuing education, supplies, malpractice, lab expenses, and
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Term
Winter
Professor
Melissa, Rubio
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