I will apologize if there is already a similar thread but I am new and this is my first post so please forgive me.
I have been offered my first position as a NP. It is in my community which is a plus. The position is an internal medicine hospital based practice. There are two main physicians, one other physician that I think will move on soon and another NP. The practice sees Medicare and Private Insurance with an occasional self pay if they are a patient of the practice (which means they pay cash for their office visits there). It is a very well established practice.
I have been offered two options for salary:
1. Base of $75,000 and a production bonus of 33% of collections above $150,000
2. Base of $85,000 and a production bonus of 25% of collections above $170,000
Work load is seeing an average of 12 patients per day with majority being follow ups, some admissions and some discharges.
Work Monday through Friday and I was asked if I would work 1 weekend a month and therefore could take two days off during the week or one day during week before and one during week after working weekend.
Paid time off is 2 weeks on the 1st year, then 4 weeks after the first year.
Six National Holidays paid.
CME allowance of 1200/year (but I am going to ask for more)
One week paid time off to attend CME
401K (not sure if they will match or give some profit sharing on a yearly basis)
Ten paid sick days/year
Health insurance, dental and glasses paid by the practice for family coverage
Malpractice insurance, licenses, DEA are paid by company (I am going to ask for them to pay for membership into my certifying organization as well as recertification fees every 5 years)
Cell phone provided
MDs sign majority of charts so they can bill at the physician rate. The NP is teamed up with one of the physicians as her collaborating physician and thus any patient she sees is linked to her and the physician for tracking purposes of productivity. The NP receives 85% credit of the 100% collected from Medicare. Not sure how that works for insurance??
This is all new to me. Sounds good on the surface but I am a just curious about what other NPs with experience in negotiating contracts think. My opinion is that you have to start somewhere to gain experience. Starting right in your own hospital sounds great. What do yall think???