The final step is subtracting a percentage for employer profit Buppert 2015

The final step is subtracting a percentage for

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The final step is subtracting a percentage for employer profit (Buppert, 2015).After careful review, as a new practitioner, I think it would be fair to negotiate a salary based on 15 patients/day ($70/visit) = $1050/day5-day work week = $5250/week52 weeks/year – 2 weeks vacation = 50 total weeks worked = 262,500/year$262,500 – 10% (unpaid bills) = $236,250$236,250 – 35% (practice expenses) = $153,563$153,563 – 10% (physician consultation) = $138,207$138,207 – 10% (physician profit) = $124,387After calculating the above, I believe the contract/salary negotiation should be approx. $110,000,which I think is a fair salary negotiation for contract renewal. My average calculation does fit in with the average nurse practitioners pay in Tampa, Florida of 111,219. ReferencesBuppert, C. (2015). Nurse Practitioner’s Business Practice and Legal Guide(5 ed.). Retrieved from Vital Source BookshelfDillon, D., & McLean-Hoyson, P. (2014, January 1). Beginning Employment: A Guide for the New Nurse Practitioner Beginning Employment: A Guide for the New Nurse Practitioner.Journal for Nurse Practitioners, 10(1), 55-59. Retrieved from ?vid=4&sid=159f4fc1-3803-42c7-bd85-01cf270929d5%40sessionmgr101&hid=121
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  • Salary, Healthcare occupations

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