NNPBC is a not for profit society registered in the province of British Columbia


NP Council of NNPBC
recommends:

1
Review the online resources related to Primary Care NP contracts: Healthmatch BC & NNPBC Primary Care Network Info.
2
Review all the MoH/GPSC resources - PCN information & PCN Implementation Tool Kit.
3
Contact Canadian Nurses Protective Society (CNPS) for advice about professional liability coverage needs as an independent NP contractor.
4
Seek out local business accounting advice regarding establishing yourself as an independent contractor and the CRA/tax implications associated with these contracts.
5
Seek out local legal advice regarding establishing yourself as an independent NP contractor and the implications of these contracts.
6
Identify the anticipated costs you will have in relation to personal benefits such as (but not limited to) maternity, disability, medical, as these costs must be paid from the salary portion of the funding allocation (not from overhead).
7
Reach out to the NP Council of NNPBC for clarification/questions & support as needed.
 

NP salary and funding allocation
for overhead expenses:
  • The funding allocation provided to each NP contractor has been well researched and set to allow each NP contractor a competitive salary with sufficient funds to manage expenses likely to be incurred by an independent NP contractor (such as medical/dental/pension, licensure, liability, etc), as well affording the NP the ability to contribute to the practice setting operating expenses (overhead). As an independent contractor, most business related expenses are deductable.
  • The contribution the NP makes to the practice’s operational expenses should be negotiated in a respectful manner between the NP and the practice. Each practice setting is unique and poses different requirements that each NP will need to consider carefully during these negotiations.
  • The amount of the overhead contribution by the NP and what is provided for that contribution is detailed in the practice level agreement. The overhead allocation provided is based on the estimated costs for fulsome services and supports to run a practice and is not intended to be used as additional personal compensation; however, it is expected that NPs will use a portion of the overhead allocation for the necessary business liability protection, professional practice supports/continuing education and other supports or services required to practice safely as an independent contractor.

Examples of expected expenses that an independent NP contractor may incur (but are not limited to):

NP Contractor Expense Examples (Salary) Practice Expense Examples
(Overhead)
Professional/Personal liability protection Office space rental/lease costs (taxes, parking, utilities, maintenance, repairs, janitorial etc.)
  Technology equipment/software/EMR
Benefits (medical, dental, retirement, maternity) Office equipment, and supplies (medical equipment, O2, liquid nitrogen, office phone, internet/data plan, fax, printer, office supplies, etc.)
  Portion of office support staff/MOA (wages, staff engagement & education, etc.)
Personal business/accounting/ legal expenses/licensure Business and/or Commercial Liability/Accounting/Legal Services/WorkSafeBC
  Costs associated office and clinic supplies freight, brokerage, and delivery
Practice support/education not directly related to primary care practice (Doctorial pursuits, Toastmasters, etc.) *Update: Please note, annual NP continuing professional development is no longer negotiated as part of your overhead. Please see this link for more information