So I have my mind set on becoming a NP but I can't decide if I want to do family practice or mental health? I currently work as a psyche nurse at an inpatient facility and love it. I love the patients because they are so unique. However, my father is a MD and has a thriving family practice and is nearing retirement soon and wants me to do family practice NP so he can leave it to me! He has multiple physicians/PA's in the office now caring for the pt's and he works a 3 day week himself. The practice is established with appointments booked out 4-6 weeks always.
So I'm torn, should I continue to do the type of work I like and make $120-150k tops in mental health? Or take over the medical practice and make a salary of $120k plus the profit from all the other physicians in the office? It would pay me around $250-300k total?
So I have lots of questions to help me come to a conclusion:
Can a mental health NP own a medical practice? Seems like if I'm not the one seeing the pt's (the family practice PA's and Physicians will see the pt's) then I could still own the practice right and profit from the business? This would allow me to still actually work in the psyche field.
If I did own/manage the family practice could I see the day in and day out pt's and write scripts for them or could I not see any pt's because I am not specialized in that area? (in the mental health hospital I work at now the psychiatrist/psyche NP's prescribe for common everyday medical problems all the time)
What is the potential earnings of of Mental health NP's with their own practice working a 36 hour work week? I have talked to many psychiatrist earning close to 250k in private practice but I have yet to ask a Mental health NP in private practice about earning potential?