So I wanted to get other NP's opinion on this potential job offer. So I just got finished with an interview for a Dermatology NP position. The interview went great, where he pretty much said I'd get the job as long as I accepted.
Some background about myself, I recently graduated with my FNP in December and I'm waiting to sit for my Board Certification Exam hopefully some time by the end of this month.
He briefly went through what my training would be like and what a rough draft on salary would look like. Training with be roughly 4 months, consisting of following another Derm NP and didactic portion of reading books and studying PowerPoints of his.
Salary would be around $60,000 for the first 6 months (4 of which would be the training period), then after 6 months I'd get bumped up to around $75,000. I would stay at this level until I'm able to bill at least $200,000 to the practice, which my salary would then be increased to $90-100,000 (he said most likely $100,000) + Productivity incentive. He would equate the productivity bonus + salary to total approximately 25% of what I bill.
Example: If I bill $400,000, 25% of 400,000 = $100,000. So no productivity bonus
If I bill $600,000, 25% of 600,000 = $150,000. So Base salary of $100,000 + $50,000 of incentive.
I'm not sure what a typical Derm NP would bill on average. He mentioned the NPs at the office will see around 40-50 patients a day once they're established.
Although this isn't an official offer/contract, I just wanted to know if this type of salary structure/layout is worth it. My main concern is I'm not too familiar with billing (being a new grad and all..) and can't gauge how many patients I would need to see to bill "X" amount.
The practice also does small surgical procedures as well as biopsies, if that helps. To give a geographical reference, new grad NP's in my state make anywhere from $75,000-$100,000 depending on specialty.
was this in new jersey? Sounds exactly like a job i interviewed for 5 yrs ago. good think i did not. 4-5 yrs is way too long. it will take you a 1-2 months to know if you can stand the job or not. to be locked into 5 yrs is going to be torture
Any follow up, I am looking for experiences of other FNP's in Dermatology. I plan to pursue Dermatology after graduation, we have a huge need in our area. I don't know how I will get the proper training. The salary and contract mentioned above seem very low. I would be leaving what I consider a high paying job at the VA. But dermatology is where my passion is, but I am not able to take that big of a pay cut. Hopefully your situation worked out.
pinkbubbles31
16 Posts
was this in new jersey? Sounds exactly like a job i interviewed for 5 yrs ago. good think i did not. 4-5 yrs is way too long. it will take you a 1-2 months to know if you can stand the job or not. to be locked into 5 yrs is going to be torture