RESPOND TO DORCAS POST BELOW. POST MUST BE SUBSTANTIVE AND ADD TO THE DISCUSSION IN A MEANINGFUL WAY
DORCAS’ POST Nurse Practitioner Salary
COLLAPSE
When the nurse practitioner (NP) decides to operate a nurse managed clinic, he or she must take into consideration that the cost could be significantly lower than what a primary care physician is typically paid. In fact, the average range for an NP is just over half of what a physician makes (Nengliang Yao, et. al., 2021). Information online includes that NPs in the United States with a median base salary of $110,000 and the U.S. Bureau of Labor Statistics states that the medium income is $109,820 (AANP, 2020). Studies show that NPs see patients more often compared to other providers at these lower cost (Nengliang Yao, et. al., 2021). In turn, they attain higher medication compliance, decrease hospital patient days, and lower emergency room use. Nurse practitioners serve a high volume of underinsured or uninsured patient population. This is an issue to maintain financial sustainability when people with commercial insurance who pay a premium, NPs would have to seek commercial business if they decide to increase payments. Patients may not want to sit in the same waiting room with the underserved population and commercial insured individuals.
As an NP advocates for their patients, they must advocate for themselves and set expectations. It is important to research what the average salary for a nurse practitioner before negotiating with their employer. Understanding the practice setting, specialty, and the average compensation all play a factor in their salary range. In a recent article, an NP salary should increase by 2 to 3 percent each year from a respectable company that values their employees (Auerbach DI, Buerhaus PI, Staiger DO, 2020). The NP should be paid accordingly to be kept as an employee and annual raises should be based on merit and inflation. Most employers will notice your initiative to research comparable job salaries and appreciate their efforts for the job position. Therefore, it is important to maintain a positive outlook with dealing with potential employers and exhibit an enthusiastic demeanor the NP will bring to the job.
References
American Association of Nurse Practitioners (AANP). (n.d.). Employment negotiations: Don’t forget these things when considering a position. https://www.aanp.org/practice/ practice-management/employment-negotiations
