for a practice is in a better position to negotiate a satisfactory employment agreement than an NP who knows only the clinical side of practice.” (Buppert, 2015, p. 329). If unsure, it is recommended to get help from an attorney that is familiar with NP practice to review the contract. When negotiating a contract, knowing all the options available that is negotiable and the responsibilities as an independent contract is important to consider. Since this is a contract renewal understanding the independent contractor role is understood. Independent contractors are responsible for paying their own taxes. A fee-for-service payment structure is typical of an independent contractor agreement and based on payment for quantified or itemized treatments and not bundled care. (Brown and Dolan, 2016). The terms of the contract must be carefully interpreted incase a question of authority arises. The words of the contract are carefully assessed to determine what the parties intended. (Brown and Dolan, 2016). Being prepared is key when renewing a contract because having supported documentation on what was contributed to the practice shows evidence of value. “An NP should be able to state clearly what he or she has contributed to the practice in the past year and have supporting data.” (Buppert, 2015, p. 329). A 1099 independent contractor is beneficial to hire over a W2 employee because an independent contractor does not include benefits such as health insurance, paid time off, licensure
You've reached the end of your free preview.
Want to read both pages?
- Winter '16
- Melissa, Rubio
- Healthcare occupations, Buppert