Healthcare is one of the strongest fields in our economy. It allows nurse practitioners (NPs) and physician assistants (PAs) an overwhelming reason to rejoice. The other reason being that both professions saw an increase in salaries last year.
Full-time salaries increased by more than $5,000 for both fields according to the 2013 National Salary Survey of NPs & PAs, which is an annual survey conducted by ADVANCE for NPs & PAs. Pay scales can also vary depending on market conditions and employers, though information from the salary report is good news for the healthcare industry overall.
A Notable Salary Increase
These figures represent a major increase from numbers recorded in 2012 when NPs made over $8,000 less than what they earned in 2013. The PA salary increase, which rose by $13,000, was slightly higher over the two-year span.
Last year, the average full-time nurse practitioner earned a salary of $98,817 while the average full-time physician assistant earned $107,268. The results from the survey showed that hourly wages for PAs were the only ones that slightly decreased.
An Optimistic Financial Future
This salary report provides midlevel practitioners with some insight on where they may stand financially. NP and PA salaries are determined by several factors, including:
- Healthcare facility
- Years of experience
If the overall expectations for NP and PA salaries remain constant, then both are on their way to being extremely financially-rewarding professions in the healthcare industry.
What Are You Waiting For?
NP PA Recruiters is a full-service healthcare staffing company committed to keeping employers and career seekers informed with up-to-date industry information. Whether you are searching for a new career or are trying to fulfill your staffing needs, our consultants are available to help you achieve your goals.