According to the National Center for Health Workforce 2016 Analysis, there is a projected deficit of 23,640 FTE primary care physicians nationally by 2025. This number is consistent with projections from the Association of American Medical Colleges (AAMC), which has this primary care shortfall between the ranges of 14,900 to 35,600 by 2025.
This shortage of primary care physicians comes as a result of various factors at play including:
- An aging population of Baby Boomers.
- Increased life expectancy.
- A 15 million population increase by 2020.
- An aging primary care physician population falling into their retirement years.
- The Affordable Care Act: While the current administration has vowed to repeal ACA, it remains law and has increased the number of Americans with insurance by over 10 million.
All these variables lead to one outcome; the growing importance of alternative healthcare providers who can deliver quality care in both inpatient and outpatient environments. This is where the value and ability of Nurse Practitioners (NPs) and Physician Assistants (PAs) shines brightest.
Extensively trained, educated, certified, and experienced, NPs and PAs are the driving force behind the growth of primary care services. Their ability to diagnose, treat and prescribe medicine makes them extremely valuable members in any clinical setting – be it a large, urban hospital or rural family clinic. Many NPs and PAs practice in several specialty areas where they are able to develop their skills across a broad spectrum of fields such as pediatrics, geriatrics, or surgical.
The abilities of these healthcare providers have been even further cemented by the ACA which acknowledged PAs and NPs as primary care providers alongside doctors. If you’ve been seeking to grow your practice, nurse practitioners and physician assistants are the answer.
Let NP PA Recruiters provide you with the perfect candidate who can help you to deliver improved medical care while also expanding your practice.
How NPs and PAs Can Help You Grow
1. Improved patient satisfaction.
Hiring an NP or PA can have an immediate effect on patient satisfaction. To begin with, patient waiting times decrease and access to care increases. There’s also improved scheduling flexibility for both clinics and patients. With NPs and PAs able to manage 80-90% of care provided by primary care physicians, patients are able to receive the same level of care but with improved attention to their needs.
A Harris Poll found that 93% of American patients who interacted with PAs were extremely satisfied and 91% of patients believed they improved the quality of healthcare.
2. Grow your client base.
As previously mentioned, both nurse practitioners and physician assistants generally develop skills across a broad range of specialties. Depending on the services your clinic currently provides, you could potentially grow by hiring a advanced-practice provider to meet that shortfall in services.
For instance, if you’re primary care physician has greater experience in pediatrics, a physician assistant could help support growing your geriatric client base. There can also be improvements in patient flow as a PA will be able to deal with urgent care cases such as in an emergency department.
In many states, NPs and PAs are able to work with a certain level of autonomy, which allows them to handle cases without always having to refer patients back to the physician. Plus, they also have the ability to prescribe certain drugs, which ultimately helps to increase patient numbers. The American Association of Nurse Practitioners states that 2 out of 3 patients support legislation for greater access to services by NPs.
3. Improved working conditions for your clinic’s physician(s).
The assistance PAs and NPs are able to provide to your physician comes in many forms. For starters, as previously mentioned, there’s a decrease in the physician’s workload. This shift can allow your clinic’s physician to deal with more complex cases that may require their additional expertise. But the benefits go beyond just that.
Clinics that employ NPs or PAs find they are able to provide greater work flexibility to their physicians. This often leads to improved resting periods for the physician and greater work efficiency. Consider that doctors will see better patient satisfaction, improved patient outcomes, and they’ll be less stressed because of the assistance they are receiving. It’s a win-win for your entire team.
4. The financial value of NPs and PAs.
When it comes to making a financially viable option, choosing an NP or PA as the newest member of your primary care team is one of the best choices that you can make to help grow your practice. There are a number of financial benefits that really help to flesh out their value including:
- The American Association of Nurse Practitioners found that the average total income for a primary care NP was at around $108,000. The average primary care physician was earning $160,000. That is a 48% difference that can go to increasing your profits or enhancing your business to draw in additional patients.
- Practices that hire PAs or NPs see lower insurance and liability rates. Statistics point to an estimated ⅓ reduction in liability rates and malpractice claims when you hire one of these advanced-practice providers.
- NPs and PAs are generally able to charge Medicaid for services at nearly the same rate as traditional physicians. When you consider that their pay rate is lower, the increased profits become easy to recognize. The typical NP or PA is able to generate anywhere between $217,000 to $350,000 for your clinic, depending on the number of patients seen.
- Training costs are typically about ⅕ the costs of those for a physician.
The effect an NP or PA can have on your revenue cannot be underestimated. When you’re in search of growing your clinic, hiring these medical professionals is the surefire way to go.
NP PA Recruiters is determined to provide your practice with the best candidates to help you grow to the next level. To learn more about our services contact us at (956) 772-1400 or (214) 351-3880.