Negotiation Strategies used to propose a Contract

Running head: NEGOTIATION STRATEGIES USED TO PROPOSE A CONTRACT (3T) 1
Negotiation Strategies used to propose a Contract
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NEGOTIATION STRATEGIES USED TO PROPOSE A CONTRACT (3T) 2
Overview
In order to enter into a mutually beneficial contract, the Nurse Practitioner and the
employer must agree on various issues such as remuneration and responsibilities, this must be
done in accordance with the scope of practice of the Advanced Practice Nurses (APN). The
negotiation process between parties to the contract is, therefore, essential since it highlights the
problems and solutions needed to establish a successful contractual relationship. It is important
for the nurse practitioner to evaluate his/ her overall worth to the particular clinical entity before
entering into an employment relationship, this will allow the NP negotiate for the best
compensation in regard to his/ her worth to the medical organization (Buppert, 2014, p. 308). In
order to carry out a fruitful negotiation with the employer, the NP must be adequately prepared
and hence the preparation process is equally important (Bahouth, Blum & Simone, 2013, p. 75).
In order to reach an equitable negotiation, effective strategies must be incorporated in the
negotiation process.
Negotiation Strategies used to propose a Contract
I would employ effective communication skills to negotiate an equitable income with the
employing organization. I would first obtain substantial information about the organization
including the medical practices as well as the state laws governing the particular region. This is
important since it will provide me with background knowledge on the practice status of APNs in
the particular state. I would make sure I provide the interviewer with a copy of my curriculum
vitae including legitimate testimonials. Since my main objective during the contract negotiation
is to create an equitable contractual relationship with the employer, my negotiation strategy
NEGOTIATION STRATEGIES USED TO PROPOSE A CONTRACT (3T) 3
includes allowing time for the employer to establish the initial job proposal, this will enable me
identify the kind of job proposal being offered and how to respond to the proposal.
When it comes to the amount of remuneration, I would first establish my worth to the
organization that is the overall revenue that I will bring to the organization. It is also important to
establish the total overhead expenses as well as variable expenses to be incurred during the
period of the contract. This includes the malpractice cover (Goudreau & Smolenski, 2014, p.
144). Since these components differ in various states due to the prevailing state laws and
restrictive policies, I would request the employer to provide me with the percentages of the
overall income allocated to the various expenses, for instance, the overhead expenses are
normally 40%-50% of the total revenue. I would also evaluate whether I will be paying a
physician’s consultation fee and the actual amount. The next step would be to negotiate the
various benefits available for APNs such as illness leave, vacation and continuing education.
Finally, I would discuss with the employer regarding the provisions for the renewal of the
employment contract.
NEGOTIATION STRATEGIES USED TO PROPOSE A CONTRACT (3T) 4
References
Bahouth, M., Blum, K. & Simone, S. (2013). Transitioning into hospital-based practice a guide
For nurse practitioners and administrators. New York: Springer Pub. Employment
contracts for Nurse Practitioners, 52-91.
Buppert, C. (2014). Nurse Practitioner's Business Practice and Legal Guide. New York: Jones &
Bartlett. Reimbursement for Nurse Practitioner Services, 300-321.
Goudreau, K. & Smolenski, M. (2014). Health policy and advanced practice nursing: impact and
Implications. New York, NY: Springer Publishing Company, LLC. Negotiation process,
110-154.

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