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Nevertheless as independent contractor (1099) you have no rights to benefits related work such as: medical and dental insurance, 401K, paid vacations and PTO. Do you think it’s worth it?

Post 1

1099s and W-2s are two separate tax forms for two different types of workers. If you’re an independent contractor, you get a 1099 form. If you’re an employee, you receive a W-2.
As a W-2 employee, payroll taxes are automatically deducted from your paycheck and then paid to the government through your employer. If you’re a contractor, you are responsible for calculating your own payroll taxes and then submitting the sum to the government on a quarterly basis.
Nevertheless as independent contractor (1099) you have no rights to benefits related work such as: medical and dental insurance, 401K, paid vacations and PTO. Do you think it’s worth it?

Post 2

Choosing a base salary for a nurse practitioner can be a bit of a challenge, there are many variables involved that can affect pay.  Nurse practitioners can be a great attribute to any practice, specifically because their cost in relevance to revenue is significantly less than that of a physician. On average, a nurse practitioner can be offered a base salary of $100,000-$110,000 annually. Now, this salary can range greatly depending on the role of the NP and the years of experience. When negotiating salary, it is important to address all the qualities and experience you have to offer. In a survey done on salary in the U.S., the national average salary of a nurse practitioner was $105,928 (Salary survey, 2017). There are two types of nurse practitioners, family and acute. Acute in general, will work in a hospital setting and will be more hands on with patients. A family practitioner, in general, will work in the outpatient setting and will not deal with as many critical patients and an acute NP. Acute NP’s, on average, have an increase of about $10,000 more annually than a family practitioner. When negotiating salary, I would address all the factors that influence the pay for a nurse practitioner and speak on all the benefits of hiring an NP versus a physician.  As a nurse practitioner, you are the an extension of the primary care provider, and the benefits outweigh the risks. There is a current shortage of primary care providers in the United States and this is causing difficulty making appointments and long wait times.  Hiring a secondary provider would increase the cost greatly, so the idea of hiring a nurse practitioner is the most cost effective way to improve wait times and see more patients daily. Poghosyan (2012) states, “The NP workforce represents a valuable supply of primary care providers to combat workforce shortages.” That being said, with the average salary being $105,000, I would make a proposal that states to the physician that I will work at the national average according to the amount of patients being seen. If we are able to see additional patients and I show a powerful force in the practice then I will request an increase in pay at that point. I think it is beneficial for a physician to see what a nurse practitioner can bring to the practice.


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