Nurse Practitioner Salaries Negotiation Case Study

Improved Essays
Nurse Practitioner Salaries Negotiation
In order to receive benefits that are in congruence with a practitioner’s skills and expertise after certification, it is crucial to be able to negotiate benefits during the making of an employment contract. These benefits include; salary, malpractice insurance, vacation and sick leaves, continuing education, health insurance, transportations, retirement benefits, among others (Whittington, 2012). These benefits depend on different factors like the practitioner's experience, as well as the revenue that one is able to generate into practice depending on, for example, the number of patients he will be seeing.
Salaries
One of the most important features I would consider in my contract is the salary. There are different types of salaries depending on the employer or the organization; straight salary, the percentage salary of net receipt, the base salary plus percentage, an hourly rate, etc. After considering
…show more content…
I would, therefore, negotiate on this if the contract requires me to be making such calls to different patients.
Retirement Benefits
This comprises of the benefits offered to a nurse practitioner after his retirement. I would pay attention to the benefits offered by my employer to ensure that every year I get a good amount being deposited in my account. I would, therefore, evaluate on the contribution offerings by different employers to negotiate for the best offer.
Malpractice Insurance
This may be offered as a part of the nurse practitioner’s employment arrangement. It is an important benefit and depending on the nature of the contract I would consider whether to purchase my own malpractice coverage or to have provided by the employer (Dillon & Hoyson, 2014). Mostly those practitioners who are moonlighting or that are working on part-time positions purchase their own

Related Documents

  • Decent Essays

    Title of Occupation: Licensed Practical Nurse 1. Nature of Work [Look at What They Do and Work Environment]: Three statements [complete sentences] about what they do—ONE MUST be related to technology 1) Licensed Practical nurse records patients health. 2) Discuss the patients health, and listen to their concerns 3) Licensed practical nurse check their blood pressure 2. Education and Training [Look at How to Become One]: What kind of degree is required, 2 other facts about training or education related to the job [bullet points] • Degree required: • LPN must complete an educational program • LPN must take N.C.L.E.X. and pass to work as a LPN.…

    • 218 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    As a group we discussed several retirement plans. To be more specific, we were focusing on the merits and challenges for each retirement plan. Then, we identify the best plan that works for our organization. Thus, as a cooperative group we choose the Simple IRA retirement plan. From a business perspective we picked the Simple IRA retirement plan, because it has a low administrative cost that leads to a great value and does not cause problems for a small business.…

    • 311 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    Introduction The goals of the Patient Protection and Affordable Care Act (ACA) has propelled all primary care practices into new and uncharted territory. To meet the primary goals of the ACA, primary care physicians would play a pivotal role in improving the health of Americans and lowering the costs of the health care they receive. The legislation plans to accomplish this by moving from fee-for-service to value-based reimbursement. The value of the value-based reimbursement is based on improving the quality of care as demonstrated by improved quality measures.…

    • 1109 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Health Care Plans Define, compare and contrast fee-for-service and managed health care plans. What are the similarities and differences? Support your response with one citation and specific examples. Fee-for-Service Plans This type of health insurance program provides protection against health care expenses in the form of a cash benefit paid to the insured or directly to the health care provider after the employee has received health care services (Martocchio, 2014, p. 145).…

    • 678 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Jasmine, I liked the points you made about collective bargaining. We, nurses, stand strong when we are together and have common goals to improve our practice. For years nursing wages have not been updated regardless of the job market and the enhanced patient needs and requirements. Other health care occupations had their salaries increased which is the case with pharmacists (Lovell, 2006), but nursing wages have not been touched. Lovell states that one of the reasons might be that 92% of the nurses are female, so such unfair treatment can be considered discrimination.…

    • 196 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Collective bargaining is defined as the process of negotiation between employers and employees with aim of improving the workplace in someway. This being said, collective bargaining and the formation of using unions came about to help fix nursing environments, safe staffing ratios, and the elimination of mandatory overtime (Mason et al., 2014). Overall, by the strides of collective bargaining nursing have positively impacted the nursing workforce by improving nursing satisfaction as well as patient outcomes (Mason et al.,…

    • 1160 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Improving Quality and Productivity at Mapleton Family Medicine Bethany Dyer B17004326 2/25/2018 Mapleton Family Medicine is a physician group located in the Midwest. The practice makes up eight physicians with two of them being owners, and the other six physicians are salaried. At Mapleton Family Medicine the owners are concerned with quality and productivity.…

    • 1527 Words
    • 7 Pages
    Superior Essays
  • Superior Essays

    Audrey Pattock Period 03 Career Paper December 15,2016 Nurse Anesthetist A Nurse Anesthetist’s job at first may seem quite simple, but they tend to face split second decisions that can cost a life or save one. Everyday numerous surgeries are being performed. Whether it’s an open heart surgery, or just getting your wisdom teeth out.…

    • 1598 Words
    • 7 Pages
    Superior Essays
  • Superior Essays

    Your employer holds a meeting one day and informs all the employees that they will be required to receive a flu shot each year, per company policy, from here on out. Is this fair? What is the benefit to the patients? What is the benefit to you? Is this even legal?…

    • 1349 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    The Importance Of Nursing Values In Nursing

    • 1436 Words
    • 6 Pages
    • 13 Works Cited

    , Braspenning, J. CC., Akkermans, R. P., Sibbald, B., & Grol, R. PTM. , (2008). An overview of patients’ preference for, and satisfaction with, care provided by general practitioners and nurse practitioners. Journal of Clinical Nursing, 17, 2690 – 2698. doi: 10.1111/j.1365-2702.2008.02288.x Main, R., Dunn, N., & Kendall, K., (2007).…

    • 1436 Words
    • 6 Pages
    • 13 Works Cited
    Great Essays
  • Improved Essays

    Few things in life are more horrifying than getting hit with a medical bill that was vastly larger than you initially expected. Yet every day, countless people in this country are getting hit with exorbitant medical bills, and it’s more than likely your patients are among the victims. Are there any steps you can take to help patients avoid surprise medical bills? Absolutely.…

    • 821 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The information that is gathered in the preregistration step is one of the most important steps in ensuring that the patient receives the medical services needed and that the billing process also runs smooth.…

    • 781 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    IPPE Midpoint Reflection

    • 416 Words
    • 2 Pages

    IPPE Midpoint Reflection My second year rotation site was at HEB pharmacy, located on the corner of 4444 Kostory Road and Gollihar in Corpus Christy, TX. This community pharmacy is well managed under my preceptor, Jaime Lee. During the first morning of site on August 26th, 2016, I had the opportunity to observed my preceptor performance full range of duties as a pharmacist to a manager of a pharmacy.…

    • 416 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The article describes one of a number of issues that affects not only the relationship between a physician, a patient and the managed care network, but also offers an observation/or opinion in regards to the impact of the Patient Protection & Affordability Act. Depending on which side of the argument one may wish to champion, advocate or proponent, there are and will always be too sides to the story of any legislative act. Legislative action originates from a myriad of influences that may wish to address a particular agenda, the fortunate or unfortunate result of such actions will have a profound impact on the entire network of managed care providers, physicians and ultimately patients. Physicians are bound by their ethical, moral and legal…

    • 971 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Elements of the expectancy theory were very clearly demonstrated throughout this case study, and particularly with the new pay structure. With the proposed compensation plan, the physicians would have a very clear understanding of how their effort to obtain the minimum number of patients directly correlates to their individual success, and the success of their peers and hospital. The increased connection between effort input to rewards reaped for each doctor means that there is a higher expectancy value than before. Additionally, with this new plan instrumentality increases because an underperforming doctor will always have to rely on another doctor to carry their weight, and directly face the uncomfortableness and bruised ego that comes with…

    • 1146 Words
    • 5 Pages
    Improved Essays