Why Are Hospitals Losing Millions?
To the surprise of many, some of the biggest brands in healthcare delivery are experiencing record declines in their operating revenues. The utilization of healthcare by patients is at an all-time high in the United States and yet some of the nation’s largest hospitals are experiencing income losses in the hundreds of millions.
How Much Revenue Does a Primary Care Nurse Practitioner Generate?
Considering an NP hire but unsure of the return on that investment? When looking at the value-add of NPs to the bottom line, the results are extremely positive. A recent report by MGMA (Medical Group Management Association) found that primary care practices with a non-physician provider-to-physician ratio of 0.41 or greater earned over $100,000 more annually in revenue.