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CVS Health
Phoenix, Arizona

Oak Street Health New Graduate Nurse Practitioner Fellowship (Open to PAs) *Spanish Required)

Nurse PractitionerFull-Time Full Practice Authority

Listed compensation

$110k

The week · per this posting · weekdays assumed

Ask the employer about the work setting, call expectations, weekend coverage and time off.

Posted 1h ago · Verified live

Job Description

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

**Bilingual Spanish Required

Title: Oak Street Health New Graduate Nurse Practitioner Fellowship

Location: Encanto Village - 1940 W Indian School Rd #1, Phoenix, AZ 85015

Fellowship Program Description

Start your NP career in the future of healthcare! Oak Street Health’s NP Fellowship in Adult Primary Care is in formal collaboration with the University of Michigan School of Nursing. The program is set in the revolutionary value-based care model, which rewards healthcare companies for the quality of their care, not the quantity.

This 12-month paid fellowship will provide all the necessary skills, support, and learning required to become a highly confident and competent clinician for older adults. During the program, fellows spend time building their own patient panel, learning from a multitude of preceptors, and engaging in didactic content that aims to build on, not repeat, graduate training.

All fellows commit to working at Oak Street for at least a year following program completion, but we hope they will spend their careers at Oak Street improving the health of communities across the country. The program has two concurrent cohorts starting in September and March of every year.

The annual salary for this location is $110,000.

Benefits

  • One-year paid program.
  • Fellows commit to a second year of employment with Oak Street Health following the fellowship and future opportunities to continue working with us.
  • Competitive salary relative to other fellowship programs.
  • Generous benefits, including vacation time, health insurance, retirement benefits, and CME stipend.
  • Small patient panels and true interprofessional care team collaboration.
  • Dedicated time for teamwork to ensure optimal health outcomes for your patients.

Requirements

Family, adult, or adult-gerontology primary care nurse practitioners who graduated or will graduate from their programs between May 2025 and December 2026 or Physician Assistant who graduated or will graduate from their programs between May 2025 and November 2026.

Must currently reside in, or be willing to relocate to, the Fellowship program location for at least the next two years.

  • Have not yet worked as an NP or PA.
  • Minimum of one year experience, within the last five years, working as an adult RN or minimum one year experience in healthcare (for PAs).
  • Minimum GPA of 3.0 in NP/PA program.
  • Have passed, or in the process of, passing NP/PA board examinations by 12/7/26.
  • Currently holds or will hold by 12/21/26 an active, non-probationary state NP/PA license.
  • A genuine passion for adult primary care.
  • A supportive attitude toward our patient population of older adults.
  • Embrace teamwork and the opportunity to collaborate with brilliant colleagues.
  • Want to be a part of an innovative model focused on empirically guided population health.
  • Language skills are strongly preferred, depending on clinic location.
  • Someone who embodies being “Oaky”.

What Does Being “Oaky” Look Like?

  • Radiating positive energy
  • Assuming good intentions
  • Creating an unmatched patient experience
  • Driving clinical excellence
  • Taking ownership and delivering results
  • Being relentlessly determined

Application Timeline

Please upload your CV using the link below. Once submitted, it will be reviewed by the Fellowship staff. If you meet the eligibility criteria, you will be invited to complete the full application. This next phase includes two short essays, the submission of three professional references, and supporting materials such as transcripts and applicable licenses.

We encourage prospective applicants to begin identifying references early. For the NP Fellowship Program, we require one (1) reference from a current or recent supervisor, and two (2) references from a Preceptor, Program Director, or Faculty member.

  • Anticipated Weekly Hours
  • 40
  • Time Type
  • Full time

Pay Range

The typical pay range for this role is:

$87,035.00 - $187,460.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great Benefits for Great People

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Additional details about available benefits are provided during the application process and on Benefits Moments.

This job does not have an application deadline, as CVS Health accepts applications on an ongoing basis.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

Key Responsibilities

Build and manage a patient panel while providing adult primary care to older adults in a value-based care model. Participate in preceptorship, didactic learning, and interprofessional teamwork to develop clinical competence and improve patient health outcomes.

Qualifications

Education
Professional certificate or licensure

Key Skills

Nurse Practitioner CarePhysician Assistant CarePatient Panel ManagementInterprofessional CollaborationOlder Adult CareSpanish Language

Family Medicine — Nurse Practitioner Career Context

Of the 50 active Family Medicine listings this role was benchmarked against, 20% are remote, 68% have no call, 62% require no weekends.

The cost-of-living index for Arizona is 100.7 (US average = 100; BEA Regional Price Parities (2024)), so the posted ~$110k midpoint carries the purchasing power of roughly $109k in an average-cost state. 60.3% of Arizona clinicians report burnout symptoms in WeekdayDoc's Burnout Index (2026-01 data).

What does the Family Medicine market look like in Arizona?
MeasureThis jobMarket
Cost-of-living adjusted pay~$109k in purchasing powerArizona index 100.7 (US = 100)BEA Regional Price Parities (2024)
Family Medicine listings in Arizona94 active2,631 nationallylive on WeekdayDoc, Oct 2026
Work settingon-sitepeers: 20% remote · 68% no call · 62% no weekends50 benchmarked listings
Sign-on & loan repaymentnot statedArizona Nurse Practitioner listings: 17% state a sign-on bonus (median $10k) · 6% offer loan repayment427 active listings, Oct 2026
CVS Health#5 of 15 for payTop Employers work-life index
Sources: WeekdayDoc live listing index, Top Employers work-life index, BEA Regional Price Parities (2024); as of Oct 2026. Same values as the Weekday Verdict and Market Insights on this page.

Top Nurse Practitioner Jobs

28 matches · ranked by pay

Salary Distribution

28 jobs · 23 employers
5
<$140k
12
$140k-160k
6
$160k-180k
5
$180k-200k

Annual compensation range

Benefits & Perks

24 jobs · 23 employers
401k / retirement match
92% this job
Sign-on bonus
33%
CME allowance
29% this job
Loan repayment
13%
Relocation assistance
8%

Share of similar jobs offering each benefit

#1

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$152k-$195k
#2

PT Nurse Practitioner (Sonoma County)

Pine Park Health · Santa Rosa, California

$152k-$195k
#3

Nurse Practitioner

$87k-$187k
#4

Nurse Practitioner / Physician Assistant

$135k-$183k
+ 26 more · ranked by pay

Work-life snapshot

median 6.4this job 3.0
Better work-life than 20% of Family Medicine (NP) listings

Listing-based score, 0–10, across 2,601 comparable listings. Shaded area = the share scoring below this one.

CVS Health logo

About CVS Health

Hospitals and Health Care
Woonsocket, RI
10,000+ employees

Benefits & Perks

Health Insurance
Dental
Vision
Vacation Time
Retirement Benefits
CME Stipend
Small Patient Panels
Interprofessional Care Team

Living in Phoenix

Typical 3-bedroom home value
$405k≈ 3.7× annual pay
Typical market rent
$1,571/mo≈ 17% of gross pay
Residents’ average commute
26 min
Metro price indexU.S. average = 100
103.3
State income tax
Up to 2.5%
Sources & methodology

Sources: Zillow home values (Sep 2026), Zillow market rents (Sep 2026), U.S. Census ACS 2024 five-year.

BEA 2024 · Phoenix-Mesa-Chandler, AZ metro prices. Housing figures are city-level.

Ratios use this listing’s gross annual pay. Not a cost-of-living guarantee.