Compensation Issues

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5 findings on nurse practitioner salaries, benefits

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The American Association of Nurse Practitioners recently released its 2015 National Nurse Practitioner Compensation Survey, which summarizes data from 2,233 NPs on their compensation, benefits, practice characteristics and other topics. The following are five findings from the report.

1. About 22.5 percent of the surveyed NPs were paid an hourly rate. The hourly pay rate for NPs in full-time practice was $53.16, and the hourly pay rate for NPs regardless of hours worked per week was $51.19.

2. The majority (74.7 percent) of the surveyed NPs were salaried. The mean annual base salary for NPs was $97,083.

3. In addition to base compensation, 30.1 percent of NPs received an incentive or productivity bonus. Usually, practice revenue or profit factored into the bonus (41.3 percent), but quality measures/outcomes (31.8 percent) and patient satisfaction (27.7 percent) were also top reported factors.

4. The majority of NPs received the following employment benefits from their main NP work site:

  • Paid vacation (77.2 percent)
  • Professional liability insurance (72.4 percent)
  • Health insurance (70.7 percent)
  • Retirement planning (69.4 percent)
  • Reimbursement/allowance for licensure/certification (53.2 percent)

5. As for professional development-related benefits, the majority of NPs received the following:

  • Continuing education reimbursement/allowance (71.9 percent)
  • Professional leave to attend meetings or conferences (66.7 percent)
  • Registration fees for professional meetings or conferences (54 percent)

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