compensation to continuing education tuition.
For my contract renewal negotiation strategy, I
would start out by stating that Nurse Practitioners (NPs) are revenue generators.
As a FNP, I am
aware of how my work contributes to the overall revenue of my current clinical practice.
example, I currently see 20 patients per day on average and take call every third weekend.
According to Buppert (2015), an NP who sees 15 patients per day at $70 per patient visit,
on average, brings in $1050 per day.
Allowing 1 week off for continuing education, 1 week off
for illness, and 4 weeks off for vacation, the NP could potentially bring in $241,500 a year.
While this is a good amount of revenue for the practice, it doesn’t end here.
With a 90%
collection rate, 10% will be deducted for unpaid bills, the NP will actually bring in $217,350 per
As stated above, I currently see 20 patients on average.
If I would increase the amount of
patients I see per day to 24 patients, I would bring in $1680 per day, or $386,400 per year in
With the 90% collection rate, I would bring $347,760 to the practice