According to brown and dolan 2016 there is a lot of

This preview shows page 2 - 4 out of 4 pages.

According to Brown and Dolan (2016) there is a lot of inconsistency in salaries and how salaries are
structured, therefore, questioning how the salary is derived is important. The salaries stated in the case study are as followed: $79,775 in salary for the 15-patient-per-day NP and $127,699 for the 24-patient- per-day NP. Attending to a capacity of 20 patients per day, I would expect at least $105,000 per year in salary. I would not feel quality in proposing an increase in salary, because I have helped the employer generate revenue to this practice over the past 2 years of being employed. Additionally, the coordination of salaries for nursing practitioners should be carried out according to their level of experience (Buppert, 2015). According to the American Association of Nurse Practitioner's (2018) salary study in 2015, the average base salary for a full-time nurse practitioner who works more than 35 hours per week is $97,083, which is up from $91,310 in 2011. Total income for full-time nurse practitioner's averages about $108,643, according to the 2015 salary survey of about 2,200 nurse practitioners (AANP, 2018). The employer makes the final decision on the projected salary; therefore, the nurse practitioner can accept, renegotiate or find other employment elsewhere (Buppert, 2015). References American Association of Nurse Practitioners. (2018). Employment negotiations. Retrieved from (Links to an external site.)Links to an external site. Brown, L. A., & Dolan, C. (2016). Brief report: Employment contracting basics for the nurse practitioner. The Journal for Nurse Practitioners, 12(1), 45-51. doi:10.1016/j.nurpra.2015.11.026 Buppert, C. (2015). Nurse practitioner's business practice & legal guide (5th ed.). Retrieved from 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 $173,800 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).

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture