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April 1, 2022/in nursing coursework help /by Shem
Organizational Behavior and Business Influences and Advanced Practice Nursing Case
As revenue generators, NPs must be aware of how their work contributes to the overall revenue of the clinical practice. You see 20 patients per day on average and take call every third weekend. According to Buppert (2011), an NP who sees 15 patients per day at $56 per patient visit, on average, brings in $840 per day. Allowing 1 week off for continuing education, 1 week off for illness, and 4 weeks off for vacation, this NP will bring in $193,200 a year, potentially. However, not all bills are paid. With a 90% collection rate—a reasonable collection rate for an efficient practice—this NP actually will bring in $173,880 per year. An NP who sees 24 patients per day will bring in $1344 per day, or $309,120 per year in accounts receivable. With a 90% collection rate, this NP will bring $278,208 to the practice (Buppert, 2011).
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-patient-per-day NP and $166,925 for the 24-patient-per-day NP. Further deducting 15% of that figure to pay a physician for consultation services leaves $88,638 in salary for the 15-patient-per-day NP and $141,887 in salary for the 24-patient-per-day NP. Deducting 10% for employer profit leaves $79,775 in salary for the 15-patient-per-day NP and $127,699 for the 24-patient-per-day NP (Buppert, 2011).
What salary would you propose for the contract renewal? How does your salary proposal fit in with the community standard for an NP in a similar practice? Use logical reasoning, and provide evidence based rationales for your decisions. Keep in mind that your negotiation terms and conditions must be within the legal scope of practice for an ANP.
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Ace my homework – Write my paper – Online assignment help tutors – Discussions with Prof. Marcos A.
Shem/in Nursing Coursework Help/on April 1, 2022
Organizational Behavior and Business Influences, as well as a Case Study in Advanced Practice Nursing
As revenue generators, NPs must understand how their work contributes to the clinical practice’s overall revenue. On average, you see 20 patients per day and take calls every third weekend. According to Buppert (2011), an NP who sees 15 patients per day at a rate of $56 per patient visit earns an average of $840 per day. With 1 week off for continuing education, 1 week off for illness, and 4 weeks off for vacation, this NP could earn $193,200 per year. Not all bills, however, are paid. This NP has a 90 percent collection rate, which is a reasonable collection rate for an efficient practice.
