HealthDay News — Hiring physicians assistants and nurse practitioners can improve productivity, resulting in increased physician take-home pay, docs are findings.
In one instance, an Illinois family physician and sole owner of a family medicine practice was earning $100,000 more annually than average by using one full-time-equivalent physician assistant, certified health care business consultant H. Christopher Zaenger reported recently in Medical Economics.
Following consultation and the decision to hire two more physician assistants, the physician’s take-home pay increased by 29%. Following implementation of a productivity incentive program resulting in a huge boost in the mid-level support staff productivity, his take-home income in 2013 will be more than double what he earned in 2010.
The physician is set to add a nurse practitioner to help with care coordination and implementation of the patient-centered medical home tools within the electronic health record.
“The bottom line is that physician assistants and nurse practitioners, if productive, do not cost a practice anything and can actually increase revenue,” Zaenger wrote. “These clinicians may be the best way to expand your practice, increase the amount of net income per square foot of space, and provide you with a lifestyle that creates more freedom of choice.”