The most common production model is being paid a base salary with bonus calculated by how many RVUs you produce. Am I generating much revenue? You said most EMRs can figure RVUs can you tell me how to find that? What would be a good flat rate to ask for for new and follow up visits? From those data, the NP can figure out whether he or she has covered his or her salary, benefits and expenses and to what extent the NP has generated income for the practice over that amount. Share cases and questions with Physicians on Medscape Consult. For every $1 you collect, we figured $0.66 went into the operational overhead. Well, the advantage of using collections is that you can always be sure the practice can afford to pay out the bonus. Must be licensed as NP in State of Maryland or other state where practicing. With a base salary of $104,000 the monthly paycheck would be $8,666 which would equal $26,000 quarterly. I mean the whole idea of me getting a part time gig was for more flexibility to enable me plan on how to start up my own business. Pediatric nurse practitioners (PNPs) specialize in primary or acute care of infants, children, and teens. Total Nurse Practitioner Compensation in the Private Sector as per Latest BLS Data. Note that if your NP helps generate more revenue, the profit will increase accordingly. Participants receive a complimentary copy of the final print survey ($900 value) or a discounted rate for the online database. Remember that total RVUs and work RVUs are two different things. A well-structured bonus option can incentivize providers to be efficient and to capture all appropriate charges by learning and applying the rules on billing and coding. Think about how hard you want to work and whether you can increase your efficiency and your revenue generation. Suturing a laceration could potentially lead to medical complications and therefore carries a higher risk of a malpractice lawsuit. This is because most EMRs can generate reports on how many RVUs the provider produces in a certain time frame. document.write('