If a bonus is based on collections, the employer should maintain a collections rate of at least 90%. Sign up to our email list for updates on the newest articles and courses! I would print a report from the current year and annual it so you can compare it to the target you were given for the year and see how close it is. In my last post discussing nurse practitioner payment based on productivity, I explained the RVU (Relative Value Unit). Would you negotiate base pay if so by how much? In 2018, the projected average increase was 3.2% compared with an actual average increase of 4.8%. One size does not fit all. Devi, S. (2011). I am an endo NP so I bill 99913 and 99914. Provider Work Certain medical conditions take longer to diagnose and certain procedures are more labor intensive than others. Straight pay plus a bonus will guarantee a certain amount, but it wont be as lucrative, so see what the patient volume is like at these facilities. That number is rising though. Medicare looks at the CPT codes that you have submitted and assigns RVUs to each. The growth of mid-level providers exceeded yearly estimates by 7% according to one survey. All material on this website is protected by copyright, Copyright 1994-2023 by WebMD LLC. I have never been paid more for being more specialized nor did I receive additional compensation for first assistant reimbursement in the OR. Really appreciate this article. Baadh A., Peterkin Y., Wegener M., Flug J., Katz D., Hoffmann J. C. (2016). document.write('