After careful review as a new practitioner I think it would be fair to

After careful review as a new practitioner i think it

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After careful review, as a new practitioner, I think it would be fair to negotiate a salary based on First 6 months 10 patients/day ($70/visit) = 700/day. 5-day work week = $3500/week 52 weeks – 2 weeks’ vacation = 50 total weeks worked = $175,000/year $175,000 - 10% (unpaid bills) = $157,500 $157,500 - 35% (practice expenses) = $102,375 $102,375 – 10% (physician consultation) = $92,138 $92,138 – 10% (physician profit) = $82,925 First year 15 patients/day ($70/visit) = $1050/day 5-day work week = $5250/week 52 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) = $124,387 After calculating the above, I believe that the first year, contract/salary negotiation should be approx. $110,000. It is apparent that the first 6 months, after all the subtractions, the amount is much lower that after the first year. The growth and comfort level change as time goes on. I believe that this is a reasonable amount in the salary negotiation for contract renewal.
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NR-510-WEEK 3-DISCUSSION PART 3 4 References Buppert, C. (2015). Nurse Practitioner’s Business Practice and Legal Guide (5 ed.). Retrieved from Vital Source Bookshelf Dillon, 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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  • Fall '15
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  • Salary, Healthcare occupations, Buppert, Dillon

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