NR 510- Week 3-Organizational behavior and business influence for APN-Week 3.docx - Week3: 19 As revenue generators NPs must be aware of how their work

NR 510- Week 3-Organizational behavior and business influence for APN-Week 3.docx

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Week 3: Organizational Behavior and  Business Influences and Advanced Practice  Nursing Case Study Part Two 19 As revenue generators, NPs must be aware of how their work contributes to the overall revenue of the clinical practice. You see 20 patients per day on average and take call every third weekend. According to Buppert (2011), an NP who sees 15 patients per day at $56 per patient visit, on average, brings in $840 per 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% collection rate—a reasonable collection rate for an efficient practice—this NP actually will bring in $173,880 per year. An NP who sees 24 patients per day will bring in $1344 per day, or $309,120 per year in accounts receivable. 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 for overhead expenses (rent, benefits, continuing education, supplies, malpractice, lab expenses, and depreciation of equipment) leaves $104,280 for the 15-patient-per-day NP and $166,925 for the 24-patient-per-day NP. Further
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