Quote from jasamidnp
i am jasamidnp. i am an np in michigan in a private practice w/ 6 physicians. i am looking for other people who are in my similar position and asking advice on renegotiating contracts
thanks for the input
You should know what you are producing in every way. Number patients, averages, billing, and collecting. Then you can negotiate what you want. You should be able to get about 1/3 of what you bring in over your salary and benefits. If you like salaries and don't want productivity based pay, then ask for a figure that makes sense to you that you can answer the question, "Why should I pay you XXXX?"
If you don't get what you want, start looking for another job that will give you a fair deal like this. They are out there, and unless we all start leaving the rediculously low paying places, they'll never learn. The only difference in my opinion between a NP and a MD pay in family practice should be the base salary should be higher for the MD due to the higher liability and training. But in all fairness we should all be on the same level as far as productivity since we bill out the same in most cases.
If you work hard, and get someone to listen to a fair productivity based system, there isn't any reason in the world you shouldn't make $120K+. Good luck.