![]() If the physician refers patients to the NP-owned clinic and meanwhile receives a percentage of profits, this is a violation of the anti-kickback statute. As a result, nurse practitioners operating their practices with a collaborating physician compensated based on a percentage of profits run into problems. Under the anti-kickback statute, it is prohibited to pay for referrals in healthcare. While compensating a physician for a collaboration arrangement based on percentage of the practice’s revenue is a possible way to structure the agreement, Krouse says it isn’t advisable. Again, this number depends on laws within the state as well as other factors. As a flat, annual fee, he most commonly sees MDs paid anywhere from five to fifteen thousand dollars per year. These values are not hard and fast, and can vary significantly by state and type of practice. They are as follows:Īccording to healthcare attorney Alex Krouse who often works with nurse practitioners in setting up their own practices, NPs can expect to pay a physician anywhere from $5 to $20 per chart reviewed. There are a few different compensation models to consider for physician collaboration as you open your practice. Perceived malpractice risk is also lower if the physician has worked with the nurse practitioner in the past and is confident in the NPs abilities. If a physician has a high degree of trust in the nurse practitioner’s clinical abilities, there is less likelihood he/she will be called on for consultation. ![]() Nurse practitioners who have worked closely with their overseeing physician in the past and developed a solid rapport will likely pay less than those without established MD relationships. Professional relationships also come into play in determining compensation for physician oversight. Nurse practitioners practicing in states with more involved supervisory requirements should expect to pay more for an MD’s collaboration services. Yet other states require that a collaborating physician physically visit the site where the nurse practitioner practices for a specified duration of time. Other states may simply mandate that a physician be able to consult with the nurse practitioner by phone or email as needed. For example, some states require that a collaborating physician review a certain percentage of the nurse practitioner’s charts. How much you can expect to pay for the role depends on a variety of factors, namely the level of involvement required on part of the MD in your state. Just how much of your practice’s revenue can you expect to spend on compensating an overseeing physician?Ĭompensation for collaborating or supervising physicians isn’t black and white. You will need to pay an MD to conduct chart reviews or be available for consultation as mandated by laws in your state. For starters, complying with supervision or collaboration requirements affects your practice’s bottom line. Physician oversight requirements can be a significant hurdle to overcome if you’re thinking about opening your own nurse practitioner practice.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |