Healthcare employers fully understand the benefits of effectively integrating nurse practitioners (NPs) and physician assistants (PAs) into their practice. Compensation and hiring trends reflect that understanding, according to a recent survey. Medscape conducted its first Clinical & Office Staff Salary Report in which American physicians and partners were surveyed regarding employee compensation packages as well as potential staffing plans.
Nearly 2,500 physicians from varied specialties responded to the survey, whose data was collected last year. The report revealed that physicians employ and compensate those who will ultimately strengthen their practice by providing services that generate revenue or cut costs.
Services and Generated Revenue
Compensation for medical staff is based on the revenue they generate for the practice. Nurse practitioners (NPs) and physician assistants (PAs) are paid significantly more than registered nurses (RNs) and medical assistants. Approximately 55% of physicians reported paying NPs over $80,000 while 16% reported NP salaries of $100,000 or more. Those percentages were slightly higher for PAs with 57% of physicians reporting they paid upwards of $80,000 with 19% paying salaries of $100,000 or more.
The Importance of NPs and PAs
Several states are moving to increase the range of services that certain healthcare professionals can provide. This includes the NP and PA fields. These staff members are invaluable due to the fact that they enable physicians to focus their attention on areas with maximum repayment. For example, a surgeon can concentrate on performing surgery while the NP or PA attends to patients in need of primary care before or after surgery.
Adapting to the Circumstances
Pay scales are contingent upon market conditions and the particular value employers place on services that their staff members provide. However, a growing number of retail clinics continuously pop up and primary care physicians can gain a competitive edge by staffing NPs and PAs into their practice. Staff salaries make up the majority of a practice’s operating costs and physician employers understand that what they are getting in return has no price tag.
Let’s Get Started
NP PA Recruiters understands the importance of these two professions in the healthcare field. We are fully dedicated to helping our clients locate the qualified and passion-driven candidates they need to make their practice effective. Let’s get started today to see what your future holds.