NR 510 : Organizational Behavior & Business Influences Nursing Case Study
NR 510 : Organizational Behavior & Business Influences Nursing Case Study
Organizational Behavior & Business Influences & Advanced Practice Nursing – You have a role as a family nurse practitioner (FNP) who is under contract employment (1099 independent contractor) in an occupied primary care practice for 24 months. The healthcare team encompasses two staff employees (W2 employees) in the form of nurse practitioners and the owner of the practice who is also the team’s physician. NR 510 : Organizational Behavior & Business Influences Nursing Case Study. In the recent past, the owner commented about the necessity to increase the generation of revenue at the hospital. You fully associate with his concerns and think that you possess numerous stratagems that could prove useful. However, your contract runs out within three months but you are highly satisfied with your current undertaking and would like to continue being part of the team. You see an average of 20 patients daily and take call every weekend.NR 510 : Organizational Behavior & Business Influences Nursing Case Study
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Organizational Behavior & Business Influences & Advanced Practice Nursing Discussion Question:
What negotiation strategies should you use to propose a contract renewal? How does your role as a 1099 contractor benefit the practice over the W2 employees? What evidence will you present to the practice to reinforce your value in the practice both in terms of revenue and patient satisfaction? Consider any additional services you may be willing to provide under your contract. Use logical reasoning, and provide evidence based rationales for your decisions.
Keep in mind that your negotiation terms and conditions must be within the legal scope of practice for an ANP.NR 510 : Organizational Behavior & Business Influences Nursing Case Study
NR 510 Week 3: Organizational Behavior & Business Influences & Advanced Practice Nursing Case Study: Part Two
As revenue generators, NPs must be aware of how their work contributes to the overall revenue of the clinical practice. You see 20 patients per day on average and take call every third weekend. According to Buppert (2011), an NP who sees 15 patients per day at $56 per patient visit, on average, brings in $840 per day. Allowing 1 week off for continuing education, 1 week off for illness, and 4 weeks off for vacation, this NP will bring in $193,200 a year, potentially. However, not all bills are paid. With a 90% collection rate—a reasonable collection rate for an efficient practice—this NP actually will bring in $173,800 per year. An NP who sees 24 patients per day will bring in $1344 per day, or $309,120 per year in accounts receivable. With a 90% collection rate, this NP will bring $278,208 to the practice (Buppert, 2011). NR 510 : Organizational Behavior & Business Influences Nursing Case Study
Establishing a salary can be a challenge for NPs. Deducting 40% of the NP’s gross generated income for overhead expenses (rent, benefits, continuing education, supplies, malpractice, lab expenses, and depreciation of equipment) leaves $104,280 for the 15-patient-per-day NP and $166,925 for the 24-patient-per-day NP. Further deducting 15% of that figure to pay a physician for consultation services leaves $88,638 in salary for the 15-patient-per-day NP and $141,887 in salary for the 24-patient-per-day NP. Deducting 10% for employer profit leaves $79,775 in salary for the 15-patient-per-day NP and $127,699 for the 24-patient-per-day NP (Buppert, 2011).NR 510 : Organizational Behavior & Business Influences Nursing Case Study
What salary would you propose for the contract renewal? How does your salary proposal fit in with the community standard for an NP in a similar practice? Use logical reasoning, and provide evidence based rationales for your decisions. Keep in mind that your negotiation terms and conditions must be within the legal scope of practice for an ANP. NR 510 : Organizational Behavior & Business Influences Nursing Case Study