Technically, Its a DNP, not a PhD (from the schools I’m familiar with). It’s still a doctoral level education, but it’s a clinical degree. There are universities out there that still offer a Masters level NP program, but most have moved to the DNP.A lot of the nurse practitioner schools (like NNP) are requiring a PHD now instead of a Masters. I never saw the point, going with a NP or PA is supposed to save money compared to an MD. If you make the requirements similar (excluding residency) there is no point, just get an MD/DO. Degree creep is a pet soap box of mine.
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