What additional benefits will you request during first year

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Reference no: EM133228216

Case: The position is full-time, 5-eight-hour shifts (forty hours) per week. The practice serves Medicare patients only. You are expected to build your own patient panel. You will not be performing any procedures. You will be performing medical management only:

You are expected to see 8 new (establishing) patients each day for the first three months. You will be billing primarily 99204 CPT Code.
The second quarter (three months) you are expected to see 4 new (establishing) patients and 8 returning (established) patients each day. Most of the returning visits qualify for 99213 CPT Code.
The third quarter you are expected to see 4 new (establishing) patients and 12 returning (establishing) patients each day.
The final quarter you are expected to see 4 new (establishing) patients and 16 returning (establishing) visits.

Questions:

based on above scenario and CMS Final Rule, answer the following questions:

Which of the four compensation methods is most lucrative for the NP? Why?

Which of the four compensation methods is most lucrative for the practice? Why?

Which compensation method would you choose? How much compensation should you request for the first contract year? How do you justify your request? Include salary data for NPs in your area with citation/reference.

What additional benefits will you request during the first year (health insurance, continuing education, vacation, sick leave, DEA License fee, NP License fee, uniform allowance, etc.)? Please develop an itemized list of these costs (approximate). How will you justify these expenses?

Does your total compensation package meet your expectations for your first NP position? Why or why not?

Reference no: EM133228216

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