Utilizing NP’s and PA’s in Long Term Care Practice Marc G. Nevin, MD, CMD, FAAFP Long Term Care Medical Associates 4502 Starkey Road, Suite 9 Roanoke,

Slides:



Advertisements
Similar presentations
W W W. D I N S L A W. C O M October 8, 2008 Physician Employment Agreements Stacey A. Borowicz, Esq. Dinsmore & Shohl LLP 191 W. Nationwide Blvd. Suite.
Advertisements

Unit 2 - Budgeting: Making the Most of Your Money Did you Know? In 2001, the average American teen spent $104 per week.
09 Payroll Accounting. It's a fact of business–if a company has employees, it has to account for payroll and fringe benefits.
18 Payroll Accounting Lecturer Assoc. prof. M.V. Leleka.
Peralta Community College Budget Allocation Model BAM November 17, 2014.
Health Center Revenue and Reimbursement Management
School of Medicine Compliance Heather Scott May 16, 2007 Billing Non-physician Provider Services.
Your Cafeteria Plan Benefit
Copyright © 2008 Delmar Learning. All rights reserved. Chapter 18 Financial Management of the Medical Practice.
Leaders Manage Employee Work Schedules
PRESENTED BY LORI DAFOE, CPC Brief Overview of Coding and Billing Hospice Medical Benefits.
Colorado Title X Family Planning Program Cost Analysis/Rate Setting Part 1: Determining Cost.
Health Care Financing and Managed Care. Objectives  To understand the basics of health care financing in the United States  To understand the basic.
Axiom Medical Consulting, LLC
Compliance 911 Guide to Calculating the Regular Rate of Pay CALIFORNIA EMPLOYMENT LAW SERIES.
Contract Negotiations Patrick J. Ivory, MPAS, PA-C.
Key Performance Indicators For Pediatric Practices Paul D. Vanchiere, MBA.
Payroll Department An Extension of the Accounting Dept.  The staff is located in the Professional Bldg. (MFI) Suite 400  Supervisor  Katina Gatlin.
Insurance Terms and Concepts Medical Insurance involves a contract in which a business agrees to pay a portion of a patient’s medical expenses in exchange.
Key financial underwriting concepts For Producer use only. Not for use with clients. DI
SHOW ME The MONEY Just how much do you know about how people get paid?
Practice Management Tool Kit 2006 Georgia Medical Fair September 8 & 9, 2006.
CV Secretarial Staff Meeting June 23, 2009 June 25, :00 – 11:00 a.m.
Why a Virtual / Cloud Based Accounting Business Business Benefits: Work Anytime/Anywhere (Vacation, Travel) Not Limited by Geographic Location Large Potential.
FINANCING MEDICAL HOME SERVICES KENNETH W. FAISTL, MD Family Practice of Central Jersey July 2010.
Elizabeth “Libby” Snelson, Esq. Legal Counsel to the Medical Staff.
Methods for Improving and Measuring Quality of Care California Research Colloquium on Workers’ Compensation May 1, 2003 Liza Greenberg, RN, MPH.
Personal Finance: Module 1 Lesson 3 Essentials for the Journey.
Confidential: Quality Improvement Material Case Management In a Primary Care Setting.
5 th Annual Lourdes Cardiology Services Symposium: Cardiology for Primary Care.
OH 9-1 Controlling Labor and Other Costs 9 OH 9-1.
Click here to advance to the next slide.
Medical Assisting Vs. Nursing Which Career is better?
Maximizing Reimbursement in Today’s Fee for Service World: A Conversation Mary Jean Mork, LCSW CFHA October 2013 Session G5a.
Financing Health Care United States Healthcare. PRIVATE INSURANCE Pays for all or part of a person’s health care Pays for all or part of a person’s health.
Personal Finance. Financial Planning EarningSavings Spending Investing Tax Planning Retirement Planning Estate Planning.
Health insurance coverage 1. Health Insurance Coverage Hospital insurance  Classified as medical insurance.  Covers for most or all of the charges during.
Personal Finance: Module 1 Lesson 3 Determining Your Destiny.
Jeopardy. Office #1Insurance Finance Risk Mngmt Hodge Podge
Test Review Taxes, Insurance, Benefits,. Fixed Expense  Expenses that stay the same each month are.
Preparing Payroll Records
Total Compensation Your Employability Skills Program.
William Hovland, MD, CMD Marc Nevin, MD, CMD Angel Rivera, BSHA.
Understanding Paychecks Where Does Your Money Go?.
1. Fundamentals of Public Administration MPA FACILITATOR Prof. Dr. Mohammad Majid Mahmood Lecture – 22.
Guidance Training CFR §483.75(i) F501 Medical Director.
SOURCE: The Kaiser Family Foundation/Commonwealth Fund 2015 National Survey of Primary Care Providers (conducted January 5 – March 30, 2015) Primary Care.
BUDGETING FOR MAJOR EXPENSES Adapted in partnership with ©2015 Educurious Partners--All rights reserved UNIT 3 LESSON 2 1.
Private Practice CRNP owned NURS 7226 Beth Anne Kelley Lindsey Saunders Lauren Studdard.
Compensation Methods.
By: Dineage Joseph Naquarn Charlemgne Medical Assistant.
Objectives Identify different types of health care facilities. Describe a typical hospital organizational structure. Identify hospital departments and.
Seminar Unit 2. Managed Care Causes Creation Goals Guidelines.
MOASBO Presentation Outsourcing Substitutes October
1 Copyright © 2012 by Mosby, an imprint of Elsevier Inc. Copyright © 2008 by Mosby, Inc., an affiliate of Elsevier Inc. Chapter 39 The Advanced Practice.
Understanding the Risk & Reward of Incident-to Diana R Phelps, CPC, CPC-I, CEMC Approved AAPC ICD-10-CM Instructor.
Health Insurance Question: Why should I have health insurance? The cost of health care has risen drastically over the past few decades. If you do not have.
THE UNITED STATES HEALTH CARE SYSTEM Combining Business, Health, and Delivery CHAPTER Copyright ©2012 by Pearson Education, Inc. All rights reserved. The.
1 Rags to Riches LLC: Using a business model to track resident productivity Robert Houston MD Spartanburg Family Practice Residency Program.
Field Consultation Associate The Basics. To provide opportunities to children and adults with diverse challenges to maximize their potential. Our Core.
 1/3 (33%) of full-time employee compensation  Common benefits ◦ Health insurance ◦ Dental insurance ◦ Life insurance ◦ Sick leave ◦ Retirement ◦ Vacation.
Employee Benefits Bureau/ Erisa Administrative Services, Inc.
Starting Your own Practice
Flexible Spending Arrangement (FSA)
Health Insurance Premiums & Benefits
Component 1: Introduction to Health Care and Public Health in the U.S.
National Association of RURAL Health Clinics Webinar December 18,2018
Technical Assistance Webinar
Health Insurance Premiums & Benefits
Getting Paid Personal Finance.
Presentation transcript:

Utilizing NP’s and PA’s in Long Term Care Practice Marc G. Nevin, MD, CMD, FAAFP Long Term Care Medical Associates 4502 Starkey Road, Suite 9 Roanoke, VA

Language Counts “Mid-Level” Providers “Extenders” NPP – “Non-Physician Practitioners” or “Non- Physician Providers” ************************************ NP/PA’s

The Differences Between NP’s and PA’s Education NP – RN ->BSN -> MSN -> FNP/GNP/ANP/APN -> DNP PA – AA/BA/BS -> PA Licensure NP – combined Boards of Medicine and Nursing – independent license PA – Board of Medicine – practicing under the license of a physician

NP, PA and Physician Practice Models NP and PA work for the physician or practice In Virginia a Physician may have protocols with 6 NP’s and 6 PA’s NP has practice and “hires” collaborating physician In Virginia a NP must have a collaborative agreement/protocol with a Physician May have one or several collaborating physicians

Dangerous Generalization: PA’s are well trained to interview, examine, diagnose and treat medical conditions. NP’s are well trained to interview, examine, diagnose and treat medical conditions as they take care of patients and their families. A Rare Combination – RN, PA

Working with NP’s and PA’s What defines your practice is how you define your relationship with the NP’s and/or PA’s. The Relationship can be Loose or Highly Structured Styles of leadership The Boss NP/PA as Junior Colleague NP/PA as Colleague

Protocols, Guidelines, Expectations Protocols Keep it Simple Keep it Broad Keep it Vague What the NP/PA can do. Training/Comfort/ Competence Scope of Practice What the NP/PA cannot do. Physician sets specific limitations

Protocols, Guidelines, Expectations Guidelines This is where you can be very specific about what you want the NP/PA to do on a daily basis. The nuts and bolts of day to day practice. Admissions, visit schedule, medical records, dictation, coding, billing, etc. NP/PA to avoid facility issues – staffing, policies, billing, etc. Expectations Regulatory Compliance, Standards of Care, Practice Specific Expectations Continuing Education

Compensation Models Full-Time vs Part-Time Full-Time Salary & Benefits (Health, Dental, Life, Disability, & Malpractice Insurance; PTO; dues, fees, licenses; continuing education; 401K) Salary & Benefits & Some share of profits Salary & Benefits & Productivity Bonus Salary & Benefits Productivity & Benefits Productivity & Benefits & Bonus based on success of the practice

Compensation Models Productivity Share of Revenue Produced – Share of Practice Overhead – Benefits – Employer Payroll Taxes – Employee’s Taxes – Deductions = Paycheck Complex formula, variable paychecks Can be pooled and calculated every 3, 6, 12 months Simplified System Compensation fee schedule – for each series code set a fixed $amount to be paid to the NP/PA for each code submitted. Fee schedule determined by the Medicare/Medicaid Allowable Fees less 15% adjustment, less estimated overhead costs including all benefits (usually comes to 25-30% of expected revenue) NP/PA can easily track their productivity and pay. Insulated from practice management issues At risk for manipulation of visit codes.

Compensation Models All compensation models should account for the fact that the practice and/or the collaborating physician should be compensated from the NP/PA revenue for managing the practice, providing support, providing clinical back-up, and for assuming significant risk and responsibility.

Compensation Models On-Call Compensation Bundled vs Extra Compensation Our Model Weekdays 5pm-8am$ 60 Weekend Fri 5pm – Mon 8am$250 Monday Holidays $100 On Call Communications Weeknight – record of all calls to all practice staff Weekend – “Weekend Update” – Template to record all calls by facility and ed to all staff All on-call s are retained in our computers

Oversight and Support Chart Review Informal Formal Physician Support NP/PA needs to know that they may work independently as they feel capable, but the Physician is always available for consultation and support with patients, families and facilities.

Conclusion Physicians & NP’s & PA’s in Long Term Care Facilities Great Patient Care Great Facility Support Great Practice Model Great Financial Potential Great Partnership

Questions and Answers Q&A Further Questions – Call, Write, or Dr Hovland Angel Rivera Dr Nevin

LTCMA - On Call Notes Dates: LGH – (4021, 4022, 4023) CRMH – Back-up call - Dr Nevin : cell home XXX-XXXX Provider: NURSING HOMES *CARRINGTON PLACE at BOTETOURT Fri – pm Sat - am Sat – pm Sun- am Sun- pm *FRIENDSHIP MANOR (1N M N W S M M W MW ) Fri – pm Sat - am Sat – pm