New Reports on NP Compensation

Updated:   Published

Specializes in Psychiatric and Mental Health NP (PMHNP).

There are some new reports out on NP pay, for those who are interested.  NP pay is increasing, but continues to vary widely by location.

https://www.forbes.com/sites/brucejapsen/2023/08/14/doctor-nurse-practitioner-pay-rising-as-amazon-cvs-and-walgreens-buy-providers/

https://www.amnhealthcare.com/amn-insights/physician/surveys/2023-physician-and-ap-recruiting-incentives/

https://www.AANP.org/practice/practice-related-research/research-reports

AANP provides a very detailed look at comp by location and specialty.  The report is free for AANP members.

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Specializes in New Critical care NP, Critical care, Med-surg, LTC.

One other thing to focus on in job comparisons is the benefits package. Not reflected in base pay, that can really be a game changer. I know that my salary may not be the highest but my medical coverage is outstanding, and I will have a great retirement package with medical benefits and full tuition coverage for two of my kids at our state university. That's a $20K raise for each year they're in school (two kids x 4 years). That benefit applies to all employees of the organization so I guess it's not really NP specific, but it makes a lower base salary pretty easy to accept when my medical out of pocket went from $6K to about $100 yearly. 

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Specializes in Nephrology, Cardiology, ER, ICU.

Yes, exactly - I get 18% of my base salary given to me for retirement which I can managed as I see fit. I also have free healthcare for myself and there is a bonus structure which adds another 5% to my salary

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Specializes in Psychiatric and Mental Health NP (PMHNP).
traumaRUs said:

Yes, exactly - I get 18% of my base salary given to me for retirement which I can managed as I see fit. I also have free healthcare for myself and there is a bonus structure which adds another 5% to my salary

Wow!  That is a great benefit

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Specializes in Psychiatric and Mental Health NP (PMHNP).

For comparison, here is a recent report on PA compensation from Medscape:

https://www.medscape.com/slideshow/2023-compensation-physician-assistant-6016442?ecd=WNL_physrep_231130_pa_comp_etid6099023&uac=247897MV&impID=6099023#21

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