APRN and PA’s: Video Blog on How to Calculate a Bonus
Employers, APRNs, or PAs use the new Melnic Salary Guide to negotiate a bonus on top of base pay for an APRN or PA. Fill out the Melnic Salary Survey and receive the newest salary guide. If you are an employer, contact us and we will send it to you just email email@example.com.
From the guide, download the APRN and PA pro forma, watch the video, and learn how to calculate a bonus.
Watch the video to learn based on the latest information from the 2020 Melnic Salary Guide!
Another key point is that bonuses are a common way organizations can increase annual salaries for APRNs and PAs. Organizations have different models for calculating the bonus structure. Bonuses range from 1% -3% for merit or on the overall profitability of the organization. Alternatively, hospitals and clinics may calculate bonuses based on a percent of collections from RVUs billed or on patients seen.
Additionally, many hospitals and clinics offer bonuses as a means of investing in and motivating APPs to have excellent outcomes. Positive outcomes include increased patient volume, merit-based accomplishments, and an increase in the overall profitability of the organization.
Jill Gilliland is President of Melnic an APRN and PA national recruiting company. Jill is a speaker and publicist on areas such as job strategies, branding and marketing, pediatric critical care needs, and additional topics relevant to pediatric nursing and the recruitment business. She has over 12 years of experience in the recruiting industry coupled with a strong sales, healthcare, and technology background. Jill holds a BS degree in Business from the University of Southern California and an MBA from The University of Virginia, Darden Business School. Connect with Jill Gilliland on LinkedIn.