new grad salary + productivity pay

Specialties NP

Published

hi everyone. i recently received an offer for a 40 hour/wk position at a private family medicine practice. the hours are 10 hours a day, 4 days a week. however the clinic is only open 8-5 so they are allotting me extra time to complete all my charting. they expect me to see 18-20 patients per day eventually.

the compensation package they offered came out to $5500 per month or 35% of the previous month's receipts, whichever is higher. is this a fair offer? wanted some outside opinions. the other parts of the package (cme, vacation, sick days, etc) is pretty standard.

thanks!

Up Vote Up Vote ×
Specializes in Urology.
hi everyone. i recently received an offer for a 40 hour/wk position at a private family medicine practice. the hours are 10 hours a day, 4 days a week. however the clinic is only open 8-5 so they are allotting me extra time to complete all my charting. they expect me to see 18-20 patients per day eventually.

the compensation package they offered came out to $5500 per month or 35% of the previous month's receipts, whichever is higher. is this a fair offer? wanted some outside opinions. the other parts of the package (cme, vacation, sick days, etc) is pretty standard.

thanks!

5500 a month... thats 66000 a year. No way would I ever be working for those peanuts. Not sure where the 35% would put you. Thats a terrible offer compensation wise. What type of benefits does it offer for healthcare/dental/vision? 401k/403b? Not that it matters, you would be better off washing cars for a living for that amount of $$$.

Up Vote Up Vote ×

the benefits are standard. the administration showed me some w-2s of other employed nps who made around 140k but i know that she only showed me the w-2s of the highest earners so i'm taking that with a grain of salt. she also stated that all of the providers make over the base salary. i understand the base salary is low. trying to gauge if the productivity pay can compensate for it.

Up Vote Up Vote ×

if anyone is reading this, i counter-offered to see if they will increase the base salary. i agree that it's much lower than i would like.

Up Vote Up Vote ×
Specializes in Outpatient Psychiatry.

Not enough $.

You'll want a base salary to meet your monthly fixed expenses. Above that, you'll want productivity in the fashion of X% of revenue over base salary. For FP, your salary might be $7k/mo + 66% revenue above that. I really don't know what competitive rates are for family.

Determine the primary reimbursement (self, insurance and which kind) and top 5-10 codes billed. Do the calculations.

Up Vote Up Vote ×
if anyone is reading this, i counter-offered to see if they will increase the base salary. i agree that it's much lower than i would like.

So, what did they say to your counter offer?

Up Vote Up Vote ×

Also, what state are you in? If you don't mind me asking?

Up Vote Up Vote ×
+ Add a Comment