- 0Aug 2, '11 by mammac5I know, it's about a LOT more than the money. Having never negotiated a contract before, I want to know what the more experienced NPs here think.
Two weeks of vacation
One week for CME
$1500 for CME annually
Profit-sharing quarterly bonus IF I meet billing goals (not likely to happen the first year or two I'm working)
No health/dental/short-term or long-term disability; no life insurance
Paid malpractice insurance
- 0Aug 3, '11 by traumaRUs, MSN, APRN, CNS AdminHmm - most practices in my area, central IL, pay for the NPs health, dental insurance premiums (100%). Disability can be had easily and cheaply enough.
I started out with $1500/yr/CME 5 years ago but the price of conferences has really gone thru the roof - I would ask for $2000/yr.
Paid malpractice just means you are added to your practice's policy. I would still opt for individual coverage that you pay for. If you get sued, the practice's policy WILL cover the incident. However, if a settlement is paid on your behalf (whether guilty or innocent), it IS reported to the BON and BON hearings/defense is NOT covered by your practice's policy. Word to the wise
- 0Aug 3, '11 by linearthinkerDo you know what is the norm for your area? I ask because that is hella better than anything around here, with salaries in the 60s. I'd be thrilled with a contract like that, but in some other areas it would be terrible, lol. I think you need to know the market. Better yet, have an attorney who knows the market!
- 0Aug 3, '11 by mammac5It's a small town and nobody's talking about these things! The salary was a very low-ball offer and I'm sure he realizes we have lots of negotiating to do there. Frankly I didn't want to waste his and my time negotiating if the rest of what was offered was crap.
It's my first offer but - small town - I would like to see where it goes.
- 1Sep 21, '11 by mammac5globalRN
What is "standard" goes out the window if you're talking about a one- or two-physician practice. Small businesses just can't always offer what bigger organizations can.
This particular offer did not include paid holidays or any $$$ toward recert/licensure fees. Altogether a weak offer, I thought, and no room for negotiation. Now that I've passed ANCC (and taken a well-deserved vacation!) I'm looking at other possibilities.
- 2Sep 29, '11 by texasfnpIf it is a tough job market, I would take it and stay about a year. After that, it will be a lot easier to move on. If the job market is more friendly in your area, I would not take it. No health insurance is unacceptable, and as a newbie it is very hard to make the goals to earn any profit-sharing. The doc needs to add you to his malpractice policy at his expense.
So, if there are no other options, I would take it for the experience only. Otherwise, keep looking.