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A colleague has suggested hiring a nurse practitioner (NP) for your physician practice. The annual salary cost is estimated to be $83,000 plus fringe benefits

A colleague has suggested hiring a nurse practitioner (NP) for your physician practice. The annual salary cost is estimated to be $83,000 plus fringe benefits of an additional 25%. You currently charge $50 for a NP visit and have a collection rate of 45%. If an NP can see 400 visits per month, should you follow your colleagues advice?

Please do in excel format

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