Thank you! Minimum Qualifications. An NP who worked 12 hours and saw 20 patients would be considered less productive than an NP who saw 20. The RVU is derived by simple math, using verifiable data published by CMS, at least annually. Your email address will not be published. My estimated payment rate per work RVU is $66.03 and my work RVUs per scheduled patient are 2.3. Make sure that the charges providers are being paid for are correctly reflected in the documentation. California average nurse practitioner salary: $133,780. You must declare any conflicts of interest related to your comments and responses. The Elite Nurse Practitioner is accredited as a provider of nursing continuing professional development by the American Nurses Credentialing Centers Commission on Accreditation. I work part-time, 22 hours per week. If it is not, I would do a salary/production hybrid. TOTALLY reasonable salary and bonus structure. Medicare Pays You or Your Practice for Your Services. Each month when I receive my paycheck, it lists how many RVUs I have earned that month. Our charting system is able to give me information about my productivity but I dont really understand how to interrupt it. Nov 18, 2012 I have a base salary and can earn up to 100% of my base in potential bonuses on a quarterly basis based on a complex formula of RVUs, meeting meaningful use and quality improvement goals, and patient satisfaction markers. It would be under the providers profile. However, my problem is that I see a lot of surgery follow ups that fall within a global period, these patients are billed a 99024 no charge. But a mid-level provider could argue that an incentive bonus based on gross charges is fairer than one based on collections. If you average 1 RVU per patient (you should be averaging more than that with appropriate billing), then you would make $480 a day at 15 patients which comes out to $115k a year. RVUs are units of measure assigned to most codes in medical billing. My HCC bonus for the 3rd quarter of 2013 was $7,500. How should my productivity incentives be structured? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're here to help you take your practice to the next level. Note that there is no industry standard regarding any of the numbers provided above. Your email address will not be published. Nurse practitioners' job satisfaction and intent to leave current positions, the nursing profession, and the nurse practitioner role as a direct care provider. You get paid for what you do. However, there are many advantages to pursuing a doctor of nursing practice (DNP). with an expectation that the advanced practitioner will meet the clinical productivity metrics associated with their level of employment. Ty. The pay for production system is very complicated. You are welcome. The quality and effectiveness of care provided by nurse practitioners. You get paid regardless of how busy it is. 3. Quick question, what do you think about a part-time once a week gig offering only 2 weeks of UNPAID vacation a year? This ratio will vary widely depending on your specialty. Knowing this, we can calculate the level of collections that our mid-level provider needs to produce before they start generating profit for the practice. As a Nurse Practitioner at Guidestar Eldercare, you will have the opportunity to address the suffering of an aging population afflicted with dementia, Alzheimer's disease, and other neurocognitive disorders in nursing homes and assisted living facilities. document.write('