percent of billing or equity in practice

Specialties NP

Published

Specializes in allergy and asthma, urgent care.

I am an NP working at a single physician owned private practice.  I have always been paid a straight salary, but I would also like to ask for a percent of what I bill.  I bill more than any other provider in the practice, including the owner.  I don't even know where to begin to determine a reasonable percent I should ask for.  I'd appreciate any insight or advice the members here can give me.

TIA

Specializes in Psychiatry.

It depends on the overhead. What type of practice?

 

Anything from 50-70% is reasonable. Remember that would be of collections, not billing. Not every person/insurance company ends up paying the full bill or anything at all.

What you want is to focus on actual reimbursement rather than what you bill for. What I would recommend is to stick with a base salary and negotiate a percent of profit after your overhead costs are met. My last clinic did a30 percent bonus either annually based on actual reimbursement or quarterly based on presumed reimbursement. 

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