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    In today's economy with declining employment in many fields that require degrees, the profession of nursing is as solid as it ever was. People with prior degrees are looking to enter the nursing profession. The
    According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
    salary of a nurse varies greatly. There is really no base salary but a fluctuation across the board. The reasoning for this is a varied as the salaries in nursing.

    The base pay of a nurse is determined by many
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ifferent factors. The first of these factors are the years of experience that the nurse brings to the table. A GN or graduate degreed nurse will start out at the lowest salary of nurse pay. They will remain at t
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    his level until they pass their board exam or NCLEX. Upon passing their boards they will receive a small increase in pay anywhere from $2.50 per hour to $5.00 per hour. The most important factor in this scenario
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    is to keep in mind that if the graduate nurse does not successfully pass the board exam the hospital can terminate their employment or extend to them a grace period in which they have the opportunity to pass the
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    boards a second time. In the past years, it was not unusual for a graduate nurse to stay on as a hospital employee for years before finally passing or taking their boards.

    This practice is no longer widely acc
    ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
    pted. Also the graduate nurse is not allowed to pass any medications until they have their licensure. The question remains, what is the typical base salary for a graduate nurse. It is safe to say that the salary
    easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
    ranges in the low to mid forty thousand dollars per year. This discrepancy of several thousand dollars has much to do with the location of the hospital. For instance, in rural communities where much of the hosp
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    tal funding comes from the government, the pay rate may be higher or lower than a privately funded institution.

    The mitigating factor is how successful the grant writers are at tapping into government funds, an
    and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
    d how much private endowment monies are bestowed to the hospital. Even with these two factors in place comes the process of dissemination of the funds. This is dependent on how the board of directors see fit to
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    se the funds. These funds could be put to the construction of a new hospital wing, or to the purchase of new diagnostic equipment.

    Whether or not the nurses are unionized is also another factor in entry level n
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    urse pay. Unions can either work for or against nursing wages. Sometimes non-unionized hospitals pay more.

    Shift premiums are also a factor. The top shift premium is paid for the midnight shift. Midnight shift
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    remiums range anywhere from $2.50 per hour to $4.50 per hour. Since most shifts in hospitals are now twelve hour shifts, midnights start around 7:30 p.m. and end around 7:30 a.m.. These are attractive hours for
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    many nurses since they get four days off during a week and are still considered full time at thirty six hours per week. Health benefits including dental and optical are included in the total package and begin an
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    where from one week after hire up to ninety days.

    The area of the hospital that the nurse will work in is also a factor in pay. For instance those nurses that are trained for specialty care areas such as intens
    t?

    As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
    ive care units (I.C.U.), the operating room, recovery room, or in the cardiac care facility will get paid an extra premium upon completion of their training in the hospital.

    Different areas of the United States
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    have been known to differ in nurse pay scales according to the cost of living and population densities.

    In the final analysis, the following factors are involved in determining the salary of an entry level nurs
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    e; a) their years of experience in patient care, b) the shift they will be working, c) the hospitals location, either rural or metropolitan, d) whether or not the nurses are unionized, e) the population density
    .

    As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
    nd per-capita income of the residents in the hospitals region, f) the area of specialty the nurse will work in, such as I.C.U., C.C.U, etc., g) successful completion of licensing boards. h) whether or not to acc
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ept a benefit package or keep extra dollars per hour and opt not to take the benefit package, i) whether the hospital is government or privately funded.

    Learn more about nursing education at The NET Study Guide


    tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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