Becker’s Hospital Review Article “4 Things to Know About Advance Practice Clinician Pay” Based on SullivanCotter White Paper
Becker’s Hospital Review quoted the four main observations from our Advanced Practice Clinician Pay white paper.
- Nurse practitioners’ median salaries in 2011 were $93,642, while physician assistants’ median salaries in 2011 totaled $96,575. Both are roughly 8 to 9 percent higher than 2009.
- However, PAs and NPs are expecting higher salaries than what market medians show. An organization that surveyed newly graduated NPs and PAs found that NP graduates expect a salary of $98,000 while PAs expect a salary of $120,000.
- Providing productivity incentives for APCs, although uncommon, is still a significant way to retain talent, and SullivanCotter associates cautioned against abandoning productivity-based incentive plans altogether.
- As healthcare shifts toward preventive and team-based healthcare, the demand for APCs will rise dramatically — and this will consequently force hospitals and others to provide competitive salaries. “The need to balance salary costs against reimbursement will (for forward-thinking organizations) provide opportunities to reward the best-performing APCs and healthcare teams,” according to the whitepaper.
Read the full article on Becker’s Hospital Review