Psychiatric NP- percent of billed salary

Jules A, MSN · Sep 9, 2015

What are they offering you? What geographic area?

In my area psychiatrists and NPs who are paid by billing make around 80% but that is without benefits and if there are no-shows of course they don't get paid. FWIW don't assume a fellow NP will automatically be a generous employer in fact two of the physicians I have worked for were far more generous than the two NP owned practices I'm aware of. The big benefit as I see it is that they will probably provide a good orientation as they know what a deficient education we receive when it comes to actually practicing.

PG2018 · Sep 9, 2015

I don't think there's a "should" amount. I just hope the high falutin DNP doesn't try to pay less to non DNPs, lol. I believe your answer is going to be regional. You are a demanded commodity in a market of short supply so don't sell yourself short. I personally don't think I'd work for a NP or therapist as my supervisor, but that's another matter.

Having said that, I'd start surveying your colleagues in the area and even what NPs in other specialties are getting but add 40%. I negotiated an unusual reimbursement medium through which I'm sustained by a high salary and then 80% of revenue in excess of that. Of course, I have benefits, etc. as well. You should definitely make more than the psychologist and idk probably three times at least what the therapist makes.

Like Jules said once, if they tell you, if insurance only pays 85% of what they pay a physician demand 85% of the average salaries of the employed physicians. Of course, you don't have a physician so I don't know what to tell you here.

kitty72 · Sep 24, 2015

I am orienting now- as a student and have been offered 60% once I get my license.

kitty72 · Sep 24, 2015

Hi.

I'm in NJ. I would be getting 60% of the amount collected from the insurance co.

harmonizer · Sep 25, 2015

Try 70%-75%. I was offered 60% in the past but heard that some people are getting 70% or even 80%. 60% is too low. They are probably taking advantage of new grads. Don't sell yourself short.

kitty72 · Sep 25, 2015

Thank you Harmonizer. What geographic area do you practice in?

Jules A, MSN · Sep 25, 2015

Try 70%-75%. I was offered 60% in the past but heard that some people are getting 70% or even 80%. 60% is too low. They are probably taking advantage of new grads. Don't sell yourself short.

I agree and remember they won't be billing less for you because you are a new grad, right? In psych its fairly easy to translate into an anticipated hourly rate because we mostly only bill a few different codes. How much do you estimate you will be making per hour? Is that comparable with other psychNPs in the area? Are you happy with that rate?

I figure it by my estimated hourly rate which starts at a minimum of $90 an hour so depending on how many med checks, consults and evaluations I can do in an hour I use that as my base for negotiations then factor in team meetings, travel time, administrative things if any etc.