Hello clinicians, I am a senior nursing student and i was going to apply to medical school but at this point I realized I have a lot of options open to me, including med school, dentistry, np, crna, etc and i realize i want to explore all my options before I commit.
The question I want to ask if has anyone seen an NP(nurse practitioner) owning their own practice and if so what is your opinion on that? How much can they make? how feasible is it for a nurse practitioner to run a practice.
to give context, in New York Np's can do their own practice without physician oversight after 3600 hours of experience working as an NP. I met a nurse practitioner that opened his own dermatology clinic doing only cosmetic procedures and I was surprised because this is the first I have ever seen this even though i knew it was legally possible. My NP professors don't know any colleagues that opened up their own practice either and this is the first they have seen this as well.
furthermore i found out that NP's can do peripheral nerve blocks and pain medicine procedures if they have the certification for it. which really confounds me because pain medicine is a one year fellowship for anesthesiologists and even then there are nurse anesthetists and i thought this was a specific thing that NP's couldn't do.
I'm sure everyone knows how much anesthesiologists make as well as the amount they can make in pain medicine, and how much dermatologists make as well. if an NP can even make half of what those physicians make in their own practice, that is much more than double the average median salary posted online for NPs.
I know that nurse practitioners normally have a fixed salary when they work for hospitals and the range is usually 100 to 150k. I have also seen that dentists working for other practices make 150k as well but when a dentist runs their own practice, some of them can earn up to a million a year.
I realize a business can technically make as much money as it wants depending on how well it is run but I want a realistic idea of what a nurse practitioner running their own practice would make.
I personally like the idea of creating a practice and running my own business with potential to grow rather than being a hospital employee at a fixed salary for the rest of my life. i haven't asked the derm NP how much money he makes nor do i know or have heard of any NP's doing this but i am very curious.
I really would like to know why i haven't seen more of this or if there is something I'm missing and maybe there is a reason NP's aren't allowed to do this or something. if there is something about insurance reimbursement, cosmetics doesn't take insurance and i have heard pain medicine is a very lucrative practice but I'm not sure about insurance in that regard.
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