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Any idea on average rates of reimbursement for CPT codes for either mid-level provider?
So do less than 50% of the work to become a psychiatrist but make 85% of what a psychiatrist makes? Not bad 🙂It is 85% for medicare and many private insurers of that of the physician rate, except in states like Oregon where there is "parity" for NPs. For Medicaid it is between 70-100% of the physician rate depending on states. The absolute numbers of course are wildly variable depending on location, payor, and negotiated rates.
well this is widely variable. In employed positions PAs tend to make less than NPs in psych based on what I've seen. NPs can make in the low hundreds to 200k+ in employed positions. As contractors they may make a lot more hustling. In private practice some do cash only. We had an NP working for us who charges $500/hr in their private practice.So do less than 50% of the work to become a psychiatrist but make 85% of what a psychiatrist makes? Not bad 🙂
More like 25 percent of the workSo do less than 50% of the work to become a psychiatrist but make 85% of what a psychiatrist makes? Not bad 🙂
Sound like it's a win-win for NP... ~10% of physicians' education (school'ing') with 50-100% pay parity.More like 25 percent of the work
And their malpractice and actual liability are much less too. They are held to mid-level standard and have a collab doc to take the hardest hit as the deepest pocket
My friend is a medical director at a health system's psych clinic and the NPs are basically on nursing contracts, but get paid an NP salary. This means breaks and lunch and overtime...all the stuff an RN should get as an employee, the NPs get this, but none of the doctors do.Sound like it's a win-win for NP... ~10% of physicians' education (school'ing') with 50-100% pay parity.
My friend is a medical director at a health system's psych clinic and the NPs are basically on nursing contracts, but get paid an NP salary. This means breaks and lunch and overtime...all the stuff an RN should get as an employee, the NPs get this, but none of the doctors do.
What do you see as the benefit of the freshness? I understand not wanting someone with senility, but is being green a good thing?Yes, that's why we need to flood the market with MD/DO grads.
1) end step/level 3 requirements to obtain a medical license in all states.
2) grant full unrestricted independent licensure for MD/DO graduates simply at medical school graduation and levels/steps 1 thru 2.
3) A fresh grad MD/DO is far superior to an ARNP or PA-C. We flood the market with MD/DO grads that take over all these midlevel positions. Why would any entity hire a PA-C or ARNP over a fresh independently licensed MD/DO?
4) Yes, residencies will be more competitive for all specialties now that there is an ever expanding pool exceeding the available slots, but that is okay.
The cheaper paid concept of a midlevel isn't going away, therefore let's own it and claim it with Physicians.
I don't think he's emphasizing the "freshness" as much as the comparison of the base of knowledge and training a fourth year medical student has compared to an NP or PA.What do you see as the benefit of the freshness? I understand not wanting someone with senility, but is being green a good thing?
It's something I have been advocating in SDNN for a while, but you have a bunch MD/DO docs who said it's not a good idea because they don't want to 'devalue' the MD/DO degree... like it's not already devalued by NP organizations and the been counters who are looking to screw us.I don't think he's emphasizing the "freshness" as much as the comparison of the base of knowledge and training a fourth year medical student has compared to an NP or PA.
Its actually a genius idea -- imagine if we removed the requirement of completed residencies for a medical graduate to be hireable; medical students that immediately wanted to continue on and become physicians would continue the process as normal and apply/match/etc, but medical students that were content being "mid-levels" for a while (or needed more experience/research to be competitive for their specialty) could immediately begin practice, replacing NPs/PA's with superior funds of knowledge and experience.
Nurses are unionized. And there are alot more of themWow. Are NPs better at negotiating than doctors?
I don't think he's emphasizing the "freshness" as much as the comparison of the base of knowledge and training a fourth year medical student has compared to an NP or PA.
Its actually a genius idea -- imagine if we removed the requirement of completed residencies for a medical graduate to be hireable; medical students that immediately wanted to continue on and become physicians would continue the process as normal and apply/match/etc, but medical students that were content being "mid-levels" for a while (or needed more experience/research to be competitive for their specialty) could immediately begin practice, replacing NPs/PA's with superior funds of knowledge and experience.
also lawsuits are virually non-existent in India, so just practice good medicine and not work about CYA.There are enough docs to cover the need. Get rid of my charting for lawyers, get rid of my charting for billing. Allow me to chart only for clinical need, I could see 3x as many patients, easily.
India, specialty docs charge ~$25 for the visit, lasts 10minutes, notes are literally on a piece of printer paper hand written, see A LOT of people per day.
This model could even work in the US, simply get rid of those other documentation needs, and put the onus back on patients to follow your recommendations. "do xyz, next!" Rather than viewing patients as incapable of personal responsibility and needing reminders, and being chased down by the 'system' to induce treatments for DM, HTN, etc.
There are enough docs to cover the need. Get rid of my charting for lawyers, get rid of my charting for billing. Allow me to chart only for clinical need, I could see 3x as many patients, easily.
India, specialty docs charge ~$25 for the visit, lasts 10minutes, notes are literally on a piece of printer paper hand written, see A LOT of people per day.
This model could even work in the US, simply get rid of those other documentation needs, and put the onus back on patients to follow your recommendations. "do xyz, next!" Rather than viewing patients as incapable of personal responsibility and needing reminders, and being chased down by the 'system' to induce treatments for DM, HTN, etc.