What salary would you propose for the contract renewal? Use logical reasoning and provide evidence-based rationales for your decisions.
Consultation services: Establishing a salary can be a challenge for NPs. Deducting 40% of the NP’s gross generated income for overhead expenses (rent, benefits, continuing education, supplies, malpractice, lab expenses, and depreciation of equipment) leaves $104,280 for the 15-patients-per-day NP and $166,925 for the 24-patients-per-day NP. Further deducting 15% of that figure to pay a physician for consultation services leaves $88,638 in salary for the 15-patients-per-day NP and $141,887 in salary for the 24-patients-per-day NP.
Deducting 10% for employer profit leaves $79,775 in salary for the 15-patients-per-day NP and $127,699 for the 24-patients-per-day NP (Buppert, 2011).
1. What salary would you propose for the contract renewal? Use logical reasoning and provide evidence-based rationales for your decisions.
Consultation services: Keep in mind that your negotiation terms and conditions must be within the legal scope of practice for an ANP
Consultation services